521-523 Washington St
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521-523 Washington St
21 Unit Apartment Building $3,000,000 ($142,857/Unit) 9.33% Cap Rate Newark, NJ 07102
Investment Highlights
- NNN Lease extending to 10/2028, 8.35% Cap Rate
- 1 mile from Downtown Newark & Penn Station
- Corporate Guarantee with tenant backed by US Department of Veterans Affairs.
- 4.3 Miles from East Orange VA Hospital
Executive Summary
9.33% CAP Rate
NNN Leased Corner Newark Building
Corporate Guaranteed lease with tenant backed by US Government Department of Veterans Affairs.
3-Story Corner Building
Reach out to listing broker to discuss further.
NNN Leased Corner Newark Building
Corporate Guaranteed lease with tenant backed by US Government Department of Veterans Affairs.
3-Story Corner Building
Reach out to listing broker to discuss further.
Property Facts
| Price | $3,000,000 | Apartment Style | Low Rise |
| Price Per Unit | $142,857 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 9.33% | Building Size | 4,838 SF |
| No. Units | 21 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1915 |
| Property Subtype | Apartment |
| Price | $3,000,000 |
| Price Per Unit | $142,857 |
| Sale Type | Investment |
| Cap Rate | 9.33% |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 4,838 SF |
| No. Stories | 3 |
| Year Built | 1915 |
Unit Amenities
- Microwave
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 21 | - | - |
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Walk Score ®
Very Walkable (88)
Transit Score ®
Excellent Transit (77)
PROPERTY TAXES
| Parcel Number | 14-00122-0000-00043 | Improvements Assessment | $641,600 |
| Land Assessment | $157,500 | Total Assessment | $799,100 |
PROPERTY TAXES
Parcel Number
14-00122-0000-00043
Land Assessment
$157,500
Improvements Assessment
$641,600
Total Assessment
$799,100
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521-523 Washington St
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