Active
746-758 South 14th Street
Newark City, 07103
$11,995,000
$309.15 per sqft
Active
38,800 sqft
Commercial
Built in 2023
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.
3904082
MLSⓇ ID
May 28, 2024
Listed
September 17, 2024
Updated
Map
746-758 South 14th Street
Newark City, 07103
Interior Features
Total Stories
3
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Electric, Forced Air
Exterior/Building Features
Sewer
Public Sewer
Other Property Details
Taxes
$92,727
Tax Frequency
Annually
Days on Market
108
Garage
Yes
Garage Spaces
28
Parking Total
28
View
No
County
Essex
Water Source
Public
Pool
No
Zoning
Commercial
Listing History
Date | Event | Price |
---|---|---|
8/12/2024 | Price change | $11,995,000 -5% |
Courtesy of COMPASS NEW JERSEY LLC with WILLIAM PARKERSON, SAMANTHA PALAZZOLO-PERINI
Listing Contact: 5512123870
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