Iron Bound Newark, NJ Property portfolio
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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!
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 | Status | Active |
Price / SF | $319.61 / SF | Number of Properties | 6 |
Sale Conditions | Bulk/Portfolio Sale | Individually For Sale | 0 |
Cap Rate | 9.84% | Total Building Size | 7,822 SF |
Sale Type | Investment | Total Land Area | 0.15 AC |
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 | - |
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Iron Bound Newark, NJ Property portfolio
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