73-75 Ferry St
10,500 SF 100% Leased Retail Building Newark, NJ 07105 $2,999,999 ($285.71/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime Location on Ferry St. - Situated in the heart of Newark’s bustling commercial area, offering excellent visibility and foot traffic.
- High Demand Area - Located in one of Newark’s most sought-after districts, attracting both tenants and customers alike.
- Modern Infrastructure - Well-maintained building with facilities that appeal to a wide range of tenants and investors.
- Mixed-Use Investment - Comprises 4 commercial spaces and 8 residential apartments, providing diversified income streams.
- Income Potential - Offers robust cash flow possibilities with commercial leases and residential rentals.
- Vibrant Community - Part of Newark’s thriving urban landscape, surrounded by shops, restaurants, and easy transportation access.
EXECUTIVE SUMMARY
Introducing an unparalleled investment opportunity on Ferry St., Newark! This exceptional property features a prime location that speaks for
itself. Comprising 4 commercial properties and 8 residential apartments, this is an investor's dream come true. Contact us today to unlock
the doors to this promising investment venture. Don't miss out on the chance to be part of something extraordinary in Newark's vibrant
landscape!
itself. Comprising 4 commercial properties and 8 residential apartments, this is an investor's dream come true. Contact us today to unlock
the doors to this promising investment venture. Don't miss out on the chance to be part of something extraordinary in Newark's vibrant
landscape!
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,500 SF
Building Class
C
Year Built
1976
Price
$2,999,999
Price Per SF
$285.71
Cap Rate
6%
NOI
$180,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.85
Lot Size
0.13 AC
Zoning
Commercial - Commercial
Parking
10 Spaces (0.95 Spaces per 1,000 SF Leased)
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (95)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 14-00186-0000-00002 | Improvements Assessment | $522,500 |
| Land Assessment | $427,500 | Total Assessment | $950,000 |
