146 Ferry St
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146 Ferry St
8,500 SF 100% Leased Retail Building Newark, NJ 07105 $2,750,000 ($324/SF) 5.27% Cap Rate
Executive Summary
Great investment opportunity inn the Ironbound. Four apartments and two stores on Ferry Street. Blocks for Newark Penn Station. All apartments are two bedroom, 1 bath. Commercal units include an electronics store and postal service center. All tenants on Leases and in good standing. Central air and heat. Separate utilities paid by the tenants.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
8,500 SF
Building Class
C
Year Built
1950
Price
$2,750,000
Price Per SF
$324
Cap Rate
5.27%
NOI
$145,030
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
10’
Building FAR
2.44
Lot Size
0.08 AC
Zoning
C2
Frontage
28 FT on Ferry St
Amenities
- Freeway Visibility
Walk Score ®
Walker's Paradise (98)
Transit Score ®
Rider's Paradise (90)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 14-01989-0000-00022 | Total Assessment | $461,200 (2024) |
| Land Assessment | $232,500 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $228,700 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
14-01989-0000-00022
Land Assessment
$232,500 (2024)
Improvements Assessment
$228,700 (2024)
Total Assessment
$461,200 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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146 Ferry St
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