market st | 498-500 Market St
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market st 498-500 Market St
7 Unit Apartment Building $3,850,000 ($550,000/Unit) 3.84% Cap Rate Newark, NJ 07105
Executive Summary
LOCATION,LOCATION,LOCATION ON THE HEARTH OF IRONBOND Corner property .7 family house , all separeted utility unit ,
with 04 parking space. Great income $$$$$$
MCARTER HWY to Market street, walk distance from pennstation ,near by Prudential and Red bull stadium .just minutus from the Newark Airport.
with 04 parking space. Great income $$$$$$
MCARTER HWY to Market street, walk distance from pennstation ,near by Prudential and Red bull stadium .just minutus from the Newark Airport.
Financial Summary (Actual - 2018) |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | - | - |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | - | - |
Net Operating Income | $95,200 | $17.00 |
Financial Summary (Actual - 2018)
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 | $95,200 |
Annual Per SF | $17.00 |
Property Facts Under Contract
Price | $3,850,000 | Apartment Style | Low Rise |
Price Per Unit | $550,000 | Building Class | C |
Sale Type | Investment | Lot Size | 0.11 AC |
Cap Rate | 3.84% | Building Size | 5,600 SF |
No. Units | 7 | No. Stories | 3 |
Property Type | Multifamily | Year Built | 1960 |
Property Subtype | Apartment | Parking Ratio | 0.57/1,000 SF |
Price | $3,850,000 |
Price Per Unit | $550,000 |
Sale Type | Investment |
Cap Rate | 3.84% |
No. Units | 7 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.11 AC |
Building Size | 5,600 SF |
No. Stories | 3 |
Year Built | 1960 |
Parking Ratio | 0.57/1,000 SF |
1 of 1
Walk Score ®
Walker's Paradise (95)
Transit Score ®
Rider's Paradise (92)
PROPERTY TAXES
Parcel Number | 14-02002-0000-00007 | Improvements Assessment | $233,600 (2024) |
Land Assessment | $160,000 (2024) | Total Assessment | $393,600 (2024) |
PROPERTY TAXES
Parcel Number
14-02002-0000-00007
Land Assessment
$160,000 (2024)
Improvements Assessment
$233,600 (2024)
Total Assessment
$393,600 (2024)
zoning
Zoning Code | I-1, Newark |
I-1, Newark |
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market st | 498-500 Market St
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