41 Evergreen Ave
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41 Evergreen Ave
2,808 SF 100% Leased Retail Building Newark, NJ 07114 $1,154,984 CAD ($411 CAD/SF) 8.50% Cap Rate
Investment Highlights
- Corner property
- One block from Frelinghuysen Ave
Executive Summary
CALLING ALL INVESTORS! 4 unit mixed use property. Near Newark Airport and The Hilton Hotel in Newark. RETAIL spaces include LQ Store and Bodega. RESIDENTIAL units on top include 2 completely renovated 2 bedroom 1 bathroom apartments both paying MARKET RENTS! Cap rate of 8.5% fully occupied.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$124,721
|
$44.42
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$124,721
|
$44.42
|
| Taxes |
$16,365
|
$5.83
|
| Operating Expenses |
$5,226
|
$1.86
|
| Total Expenses |
$21,591
|
$7.69
|
| Net Operating Income |
$103,130
|
$36.73
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $124,721 |
| Annual Per SF | $44.42 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $124,721 |
| Annual Per SF | $44.42 |
| Taxes (CAD) | |
|---|---|
| Annual | $16,365 |
| Annual Per SF | $5.83 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $5,226 |
| Annual Per SF | $1.86 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $21,591 |
| Annual Per SF | $7.69 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $103,130 |
| Annual Per SF | $36.73 |
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
2,808 SF
Building Class
C
Year Built
1940
Price
$1,154,984 CAD
Price Per SF
$411 CAD
Cap Rate
8.50%
NOI
$98,174 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.07
Lot Size
0.06 AC
Opportunity Zone
Yes
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 14-03754-0000-00019 | Total Assessment | $452,260 CAD (2024) |
| Land Assessment | $97,222 CAD (2024) | Annual Taxes | $16,365 CAD ($5.83 CAD/SF) |
| Improvements Assessment | $355,039 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
14-03754-0000-00019
Land Assessment
$97,222 CAD (2024)
Improvements Assessment
$355,039 CAD (2024)
Total Assessment
$452,260 CAD (2024)
Annual Taxes
$16,365 CAD ($5.83 CAD/SF)
Tax Year
2023
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41 Evergreen Ave
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