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251 Broadway

Newark City, NJ 07104
  • $1,250,000
  • STATUS: Active Under Contract
  • ON SITE: 72 Days
  • MLS #: 3948309
Under Contract
UPDATED: 38 min ago
$1,250,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,700
    SQFT
  • $162
    $/SQFT
Type:
Commercial
County:
Area:

School Ratings & Info

Description

AMAZING OPPORTUNITY TO OWN A 6 UNIT BUILDING IN A GREAT AREA OF NEWARK WITHIN WALKING DISTANCE TO STORES, TRANSPORTATION AND MORE. BUILDING CONSISTS OF A TRAVEL AGENCY, GROCERY STORE AND A RESTAURANT. THE UPSTAIRS CONSISTS OF 3 APARTMENTS WITH 3 BEDROOMS AND 1 BATH EACH. ALL UNITS ARE RENTED WITH THE EXCEPTION OF ONE WHICH HAS BEEN COMPLETELY RENOVATED AND IS IN MOVE IN CONDITION. ALONG WITH THE UNITS, THERE ARE 10 PARKING SPOTS IN A PAVED AREA BEHIND THE BUILDING, ALL OF WHICH CAN BE RENTED FOR ADDITIONAL INCOME. BEING SOLD AS IS. CASH WITH VERIFIABLE FUNDS NECESSARY WITH ALL OFFERS.

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Garden State MLS logo © 2025 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trompeter Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Trompeter Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2025-05-12T20:46:22.443.
www.trompeterrealestate.com/homes/160956233
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251 Broadway Newark City, NJ 07104

  • Price: $1,250,000
  • Status: Active Under Contract
  • On Site: 72 Days
  • Updated: 38 min ago
  • MLS #: 3948309
0
Beds
0
Baths
0
½ Baths
0.17
Acres
7,700
SQFT
$162
$/SQFT
County:
Essex
Area:
Newark City
Property Description
AMAZING OPPORTUNITY TO OWN A 6 UNIT BUILDING IN A GREAT AREA OF NEWARK WITHIN WALKING DISTANCE TO STORES, TRANSPORTATION AND MORE. BUILDING CONSISTS OF A TRAVEL AGENCY, GROCERY STORE AND A RESTAURANT. THE UPSTAIRS CONSISTS OF 3 APARTMENTS WITH 3 BEDROOMS AND 1 BATH EACH. ALL UNITS ARE RENTED WITH THE EXCEPTION OF ONE WHICH HAS BEEN COMPLETELY RENOVATED AND IS IN MOVE IN CONDITION. ALONG WITH THE UNITS, THERE ARE 10 PARKING SPOTS IN A PAVED AREA BEHIND THE BUILDING, ALL OF WHICH CAN BE RENTED FOR ADDITIONAL INCOME. BEING SOLD AS IS. CASH WITH VERIFIABLE FUNDS NECESSARY WITH ALL OFFERS.
Exterior Features

Approximate Lot Size 65X117 Available Parking Spaces 10 Construction Brick/BlockSee Remarks Exterior Description Brick/Block Location Residential AreaSee Remarks Number Of Bays 0 Number Of Docks 0 Parking Driveway Description Parking Lot-ExclusiveSee Remarks Roof Description Flat

Interior Features

Basement Yes Basement Description Bilco-Style DoorFull Cooling See Remarks Equipment Available See Remarks Heating See Remarks Max Ceiling Height 0 Max Door Height 0 Number Of Lavatories 6 Office Sq Ft 0

Property Features

Available Immediately Expenses Include See Remarks For Sale Or Lease For Sale Free Rent No Fuel Type Gas-Natural Gross Operating Income 124000 Monthly Maintenance Fee 0 Net Operating Income 99000 Permitted Use COMMERCIAL/RESIDENTIAL Primary Property Type Store With Apartment Property Type RestaurantSee RemarksStore With Apartment Sale Includes Building OnlySee Remarks Sewer Public Sewer Suite Number 0 Tax Amount 16980 Tax Rate Amount 3.803 Tax Rate Year 2024 Tax Year 2024 Total Operating Expense 35000 Utilities Gas-Natural Utilities Paid By Tenant Water Public Water Zoning RES/COMM

Listing information © 2025 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of NJ REO ASSET MANAGEMENT & REALTY,: 973-429-0990.


Garden State MLS logo © 2025 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trompeter Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Trompeter Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2025-05-12T20:46:22.443.
 
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Jersey City NJ, 07302