For Sale

67 Broadway, Newark, Nj 07104

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Property Description

Discover a highly desirable mixed-use property just five blocks from the heart of downtown, offering excellent rental income at 7.25% CAP Rate and long-term leases. This property is ideal for investors looking for a steady revenue stream with growth potential! Commercial Space (1st Floor): Spacious commercial area with a basement, currently leased for $2,570 per month with a secure 10-year lease and a 3% annual rent increase. This setup ensures reliable income with a growth trajectory for years to come. Residential Units: 2nd Floor: Fully renovated 4-bedroom, 1-bathroom apartment with a lease in place. Enjoy $2,550 in monthly rent for this renovated unit, offering a comfortable living space for tenants. 3rd Floor: 3 bedrooms, 1-bathroom unit renting at $2,000 per month. Additional Highlights: No on-site parking, but conveniently located just a short five-block walk to downtown.

Basic Details
Property Type :
Listing Type : For Sale
Listing ID : 24036221
Price : $950,000
Status : Active
Office Name : Christie's International Real Estate Group-Hoboken
Agent Name : Maikol Puebla
Property Sub Type : Res/Com Mixed
Roof : Asphalt
Address Map
Country : US
State : NJ
County : ESSEX
City : Newark
Zipcode : 07104
Street : Broadway
Street Number : 67
Longitude : W74° 19' 38.7''
Latitude : N40° 40' 26.7''
Additional Information
On Market Date : 2024-11-12
Financial
Tax Annual Amount : 9586
Listing Information
Co List Agent Full Name : Elio Garcia
Co List Agent Mls Id : 1022742
List Agent Mls Id : 1014646
List Office Mls Id : 271406
Modification Timestamp : 2024-11-12T15:18:59Z
Originating System Name : njmls
Status Change Timestamp : 2024-11-12T00:00:00Z
For Sale
  • Listing ID : 24036221
$950,000
Agent info
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