This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

965 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

163 N Park St

12 Unit Apartment Building $1,700,000 ($141,667/Unit) 6.47% Cap Rate East Orange, NJ 07017

Apartment Buildings New Jersey East Orange 163 N Park St, East Orange, NJ 07017

Investment Highlights

  • Buildable Parking Lot
  • Below Market Rents

Executive Summary

This value-add investment opportunity features two well-maintained buildings comprising 6 two-bedroom, one-bathroom apartments, and 6 versatile retail spaces. All tenants are on month-to-month leases and many are paying below-market rent. Electric and gas utilities are individually metered and paid for by the tenants.
Tenants pay most utilities
Significant Upside

Attachments

Flyer - East Orange - 159 & 163-167 North Park St

Property Facts

Price $1,700,000 Apartment Style Low Rise
Price Per Unit $141,667 Building Class C
Sale Type Investment or Owner User Lot Size 0.14 AC
Cap Rate 6.47% Building Size 9,500 SF
No. Units 12 No. Stories 3
Property Type Multifamily Year Built 1945
Property Subtype
Apartment
  • Flex Light Manufacturing
  • General Retail Storefront Retail/Residential
  • Industrial Warehouse
 Parking Ratio 10/1,000 SF
Price $1,700,000
Price Per Unit $141,667
Sale Type Investment or Owner User
Cap Rate 6.47%
No. Units 12
Property Type Multifamily
Property Subtype
Apartment
  • Flex Light Manufacturing
  • General Retail Storefront Retail/Residential
  • Industrial Warehouse
Apartment Style Low Rise
Building Class C
Lot Size 0.14 AC
Building Size 9,500 SF
No. Stories 3
Year Built 1945
Parking Ratio 10/1,000 SF

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Range

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Security System
  • Tenant Controlled HVAC
  • On-Site Retail
  • Public Transportation
  • Walk-Up
  • Smoke Detector
1 of 1

PROPERTY TAXES

Parcel Number 05-00912-0000-00005 Improvements Assessment $825,300
Land Assessment $141,100 Total Assessment $966,400

PROPERTY TAXES

Parcel Number
05-00912-0000-00005
Land Assessment
$141,100
Improvements Assessment
$825,300
Total Assessment
$966,400

zoning

Zoning Code IND-1 District (IND-1 District (Mixed Industrial/Commercial) Industrial and light industrial uses, including manufacturing, assembling, processing and warehousing)
IND-1 District (IND-1 District (Mixed Industrial/Commercial) Industrial and light industrial uses, including manufacturing, assembling, processing and warehousing)
(908) 963-9319

Contact

  • Listing ID: 33485238

  • Date on Market: 10/11/2024

  • Last Updated:

  • Address: 163 N Park St, East Orange, NJ 07017

More public record information on 163 N Park St, East Orange, NJ 07017

The Multifamily Property at 163 N Park St, East Orange, NJ 07017 is currently available for sale. Contact The Kislak Company, Inc. for more information.

Multifamily PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

1 of 13
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/13
163 N Park St, East Orange, NJ for sale Building Photo- Image 1 of 13
Cover Photo
163 N Park St, East Orange, NJ for sale Building Photo- Image 2 of 13
Exterior
163 N Park St, East Orange, NJ for sale Building Photo- Image 3 of 13
Lobby
163 N Park St, East Orange, NJ for sale Building Photo- Image 4 of 13
Kitchen
163 N Park St, East Orange, NJ for sale Building Photo- Image 5 of 13
Retail
163 N Park St, East Orange, NJ for sale Building Photo- Image 6 of 13
Daycare
163 N Park St, East Orange, NJ for sale Building Photo- Image 7 of 13
Vacant Retail
163 N Park St, East Orange, NJ for sale Building Photo- Image 8 of 13
Meters2
163 N Park St, East Orange, NJ for sale Building Photo- Image 9 of 13
HW Heaters
163 N Park St, East Orange, NJ for sale Building Photo- Image 10 of 13
Meters
163 N Park St, East Orange, NJ for sale Building Photo- Image 11 of 13
Roof
163 N Park St, East Orange, NJ for sale Building Photo- Image 12 of 13
Roof

1 of 1

Connect with us

© 2024 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

163 N Park St
(908) 963-9319 x

163 N Park St

Max Levinston

(908) 963-9319

(908) 963-9319

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link