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746-758 14th Street , Newark, NJ 07104

$11,995,000

Detail

  • Property ID: 24015437
  • Price: $11,995,000
  • Year Built: New Construction-New Foundation
  • Property Type: 5+ Family/Mixed Use
  • Property Status: Mixed Use

Description

Calling all Investors! 746 S 14th Street located on Newark’s West side is now being offered at $12.5M for purchase. This new construction 38 unit apartment complex consists of 3 stand alone buildings comprised of 1, 2 and 3 bedroom units. The building has 8 affordable units at 80% AMI. Completed in 2024, the complex offers 26 Parking Spots and sits on .68 Acres. The property has a 30 year tax pilot at fixed 10% and a 30 year rent control waiver. Cap rate is 6% and NOI $744,106.

  • Address: 746-758 14th Street
  • City: Newark
  • State/county: ESSEX / NJ
  • Zip/Postal Code: 07104
  • Country: United States

Listing provided by Compass New Jersey, LLC-Ridgewood

The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Prominent Properties Sotheby's International Realty are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Last date updated: 2024-09-08 12:00 AM. Source: New Jersey Multiple Listing Service, Inc.

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