Skip To Content

98 Ferry St

Newark City, NJ 07105
  • $1,900,000
  • STATUS: Active Under Contract
  • ON SITE: 84 Days
  • MLS #: 3947848
Under Contract
UPDATED: 60 min ago
$1,900,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,664
    SQFT
  • $219
    $/SQFT
Type:
Commercial
Built:
1940
County:
Area:

School Ratings & Info

Description

Ironbound - 10 Apartments and 2 Retail Stores (Hardware & Jewelry Store) - Value Add Investment Property Featuring 3 - 1 Bedroom Apartments and 7 - 2 Bedroom (Rail Road Style) Apartments. All Residential Apartments are Below Market Value and Subject to Rent Control. All Tenants are Month to Month. Owner pays for Heat (Oil) and Hot Water for Entire Building. Three Story Building w/ Approximately 8,664 Sq. Ft. Built Around 1940 and Zoned C-2. Centrally Located and Minutes By Foot to Penn Station.

Monthly Payment Calculator



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 2025-05-22T14:46:40.16.
www.trompeterrealestate.com/homes/160878612
Print Image

98 Ferry St Newark City, NJ 07105

  • Price: $1,900,000
  • Status: Active Under Contract
  • On Site: 84 Days
  • Updated: 60 min ago
  • MLS #: 3947848
0
Beds
0
Baths
0
½ Baths
0.11
Acres
8,664
SQFT
$219
$/SQFT
1940
Built
County:
Essex
Area:
Newark City
Property Description
Ironbound - 10 Apartments and 2 Retail Stores (Hardware & Jewelry Store) - Value Add Investment Property Featuring 3 - 1 Bedroom Apartments and 7 - 2 Bedroom (Rail Road Style) Apartments. All Residential Apartments are Below Market Value and Subject to Rent Control. All Tenants are Month to Month. Owner pays for Heat (Oil) and Hot Water for Entire Building. Three Story Building w/ Approximately 8,664 Sq. Ft. Built Around 1940 and Zoned C-2. Centrally Located and Minutes By Foot to Penn Station.
Exterior Features

Approximate Lot Size 40X119.6 Available Parking Spaces 0 Construction Brick/Block Exterior Description Brick/Block Location Business District Lot Description Level Lot Number Of Bays 0 Number Of Docks 0 Parking Driveway Description None Roof Description Flat

Interior Features

Basement Yes Basement Description Unfinished Cooling Window A/C(s) Equipment Available See Remarks Heating 1 UnitRadiators - Steam Max Ceiling Height 0 Max Door Height 0 Number Of Lavatories 0 Office Sq Ft 0

Property Features

For Sale Or Lease For Sale Fuel Type Oil Tank Below Ground Gross Operating Income 139728 Net Operating Income 38307 Owner Pays HeatHot WaterMaintenance-Common AreaOil Primary Property Type MixedUse Property Type Mixed UseSee RemarksStore With Apartment Sale Includes See Remarks Sewer Public Sewer Suite Number 0 Tax Amount 30107 Tax Rate Amount 3.803 Tax Rate Year 2024 Tax Year 2024 Total Operating Expense 101421 Utilities See Remarks Water Public Water Year Built Description Approximate Zoning Com/Res

Listing information © 2025 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of NENO-ROSA AGENCY: 201-997-7860.


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 2025-05-22T14:46:40.16.
 
https://bt-photos.global.ssl.fastly.net/gsmls/orig_boomver_2_3947848-2.jpg https://bt-photos.global.ssl.fastly.net/gsmls/orig_boomver_2_3947848-2.jpg https://bt-photos.global.ssl.fastly.net/gsmls/orig_boomver_2_3947848-2.jpg
Logo
Trompeter Real Estate
355 Varick Street
Jersey City NJ, 07302