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746 South 14th Street , Newark City, NJ 07103-1732

$11,995,000

Detail

  • Property ID: 3904082
  • Price: $11,995,000
  • Garage: 28
  • Year Built: 2023
  • Property Type: Commercial Sale/Lease
  • Property Status: Commercial

Description

100% occupied! Calling all Investors! $8.5M assumable loan at 4.98%, 746 S 14th Street located on Newark’s West side is now being offered at $11,995,000 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

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  • Address: 746 South 14th Street
  • City: Newark City
  • State/county: ESSEX / NJ
  • Zip/Postal Code: 07103-1732
  • Country: United States

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Listing information last updated on 2024-09-21 10:00 PM.