Properties

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.

Features

  • Heating System : Forced Hot Air
  • Cooling System : Central Air
  • Basement : Unfinished
  • Roof Deck : Flat
  • Tax Assessed Valuation: 0
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Electric
  • Internet

Additional Info

  • Office Name: COMPASS NEW JERSEY LLC
  • Office MLS ID: 550205
  • Agent ID: 306263
  • Tax: 92727
  • Tax Year: 2024
  • Application Fee: $0
  • Zoning: Commercial

Commercial For Sale

For Sale
$11,995,000

746 South 14th Street, Newark City

  • SQFT 0.68 Acre
  • Built Year 2023

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5289522
  • Price: $11,995,000
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 2023
  • Year Built Description: Standing
  • Lot Area: 0.68 Acre
  • Status: Active
  • Days On Market: 108

Contact Agent

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Street: South 14th Street
  • Street Number: 746
  • Street Direction: South 14th Street between Woodlawn and Avon Ave
  • Floor Number: 0
  • Longitude: W75° 47' 27.1''
  • Latitude: N40° 43' 42.3''
  • Internet Display Address: Yes
Property