400 Main St
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400 Main St
55,000 SF Specialty Building Offered at $3,000,000 at a 15.75% Cap Rate in East Orange, NJ 07018
Investment Highlights
- Tremendous opportunity for developers looking for a fantastic development project one block away from East Orange train station!!
- For more information please contact John Brito at 908-242-7063.
Executive Summary
Tremendous opportunity for developers looking for a fantastic development project one block away from East Orange train station!! For more information please contact John Brito at 908-242-7063.
Financial Summary (Pro forma - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$472,500
|
$8.59
|
Financial Summary (Pro forma - 2023)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $472,500 |
| Annual Per SF | $8.59 |
Property Facts Under Contract
| Price | $3,000,000 | Building Class | B |
| Price Per SF | $55 | Lot Size | 0.88 AC |
| Sale Type | Investment or Owner User | Building Size | 55,000 SF |
| Cap Rate | 15.75% | No. Stories | 4 |
| Sale Conditions | Redevelopment Project | Year Built/Renovated | 1996/1997 |
| Property Type | Specialty | Parking Ratio | 0.91/1,000 SF |
| Property Subtype | Religious Facility | Opportunity Zone |
Yes
|
| Price | $3,000,000 |
| Price Per SF | $55 |
| Sale Type | Investment or Owner User |
| Cap Rate | 15.75% |
| Sale Conditions | Redevelopment Project |
| Property Type | Specialty |
| Property Subtype | Religious Facility |
| Building Class | B |
| Lot Size | 0.88 AC |
| Building Size | 55,000 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1996/1997 |
| Parking Ratio | 0.91/1,000 SF |
| Opportunity Zone |
Yes |
Walk Score ®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 05-00371-0000-00002 | Improvements Assessment | $4,352,700 (2024) |
| Land Assessment | $769,900 (2024) | Total Assessment | $5,122,600 (2024) |
PROPERTY TAXES
Parcel Number
05-00371-0000-00002
Land Assessment
$769,900 (2024)
Improvements Assessment
$4,352,700 (2024)
Total Assessment
$5,122,600 (2024)
zoning
| Zoning Code | Multi Family / Retail (Mixed use multi-family residential.) |
| Multi Family / Retail (Mixed use multi-family residential.) |
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400 Main St
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