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Iron Bound Newark, NJ Property portfolio

6 Properties Offered at $2,500,000 in Newark, NJ

Executive Summary

**Exceptional Investment Opportunity in Ironbound, Newark, NJ**
We are thrilled to present a **prime portfolio of properties** for sale as a **package deal** in one of Newark's most sought-after areas – the **Ironbound District**. This rare offering includes **multi-family residential units** strategically located to maximize your return on investment.
**Property Addresses:**
- 44 Nichols Street (Single Family)
- 46 Nichols Street (16x73 Parking lot)
- 48-50 Nichols Street (4 Family + Commercial)
- 225 Jefferson Street (Single Family)
- 227 Jefferson Street (Single Family)
- 229 Jefferson Street ( 3 Family)
- 231 Jefferson Street (Single Family)
**Key Highlights:**
- **Premium Location:** Situated in the heart of Ironbound, known for its vibrant community, proximity to local amenities, dining, and excellent transportation links.
- **Multi-Family Residences:** These properties provide immediate rental income opportunities with the potential for increased cash flow and appreciation.
- **High Demand Area:** The Ironbound District is highly desirable for both tenants and buyers due to its convenient location to the Newark Penn Station and robust local economy.
- **Proximity to Transit:** Easy access to Newark Penn Station, major highways, and just minutes from Downtown Newark, making it ideal for commuters and residents alike.
This portfolio offers a **unique chance** to own **multiple high-performing properties** in one of the fastest-growing neighborhoods in New Jersey. Whether you're looking to expand your real estate portfolio or secure a strong income-producing asset, this package deal is an **investment not to be missed**.These properties are all attached in , taking the whole side of the block of Jefferson Street and around the corner on Nichols Street.
Don't miss out on this **unmatched opportunity** to acquire these prime assets in the Ironbound District. **Contact us today** for more details and to schedule a viewing!

Taxes & Operating Expenses (Actual - 2023)

Annual
Gross Rental Income $229,800
Other Income -
Vacancy Loss $9,018
Effective Gross Income $220,782
Taxes $43,199
Operating Expenses $42,896
Total Expenses $86,095
Net Operating Income $134,687

Taxes & Operating Expenses (Actual - 2023)

Gross Rental Income
Annual $229,800
Other Income
Annual -
Vacancy Loss
Annual $9,018
Effective Gross Income
Annual $220,782
Taxes
Annual $43,199
Operating Expenses
Annual $42,896
Total Expenses
Annual $86,095
Net Operating Income
Annual $134,687

Property Facts

Price $2,500,000
Price / SF $319.61 / SF
Sale Conditions Bulk/Portfolio Sale
Cap Rate 9.84%
Sale Type Investment
Status Active
Number of Properties 6
Individually For Sale 0
Total Building Size 7,822 SF
Total Land Area 0.15 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
44 Nichols St, Newark, NJ 07105 Land 0.02 AC - -
46 Nichols Street
46 Nichols St, Newark, NJ 07105
Land 0.03 AC - -
48-50 Nichols St, Newark, NJ 07105 Multifamily 2,422 SF 1919 -
225-227 Jefferson St, Newark, NJ 07105 Multifamily 1,050 SF 1920 -
227-231 Jefferson St, Newark, NJ 07105 Multifamily 1,050 SF 1920 -
229 Jefferson St, Newark, NJ 07105 Multifamily 3,300 SF 1920 -
Show More > < Show Less
  • Listing ID: 33464080

  • Date on Market: 10/9/2024

  • Last Updated:

  • Address: Iron Bound Newark, NJ Property portfolio, Newark, NJ

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