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market st 498-500 Market St

7 Unit Apartment Building $5,528,831 CAD ($789,833 CAD/Unit) 3.84% Cap Rate Newark, NJ 07105

Executive Summary

LOCATION,LOCATION,LOCATION ON THE HEARTH OF IRONBOND Corner property .7 family house , all separeted utility unit ,
with 04 parking space. Great income $$$$$$
MCARTER HWY to Market street, walk distance from pennstation ,near by Prudential and Red bull stadium .just minutus from the Newark Airport.

Financial Summary (Actual - 2018)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $136,713 $24.41

Financial Summary (Actual - 2018)

Gross Rental Income (CAD)
Annual -
Annual Per SF -
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual -
Annual Per SF -
Net Operating Income (CAD)
Annual $136,713
Annual Per SF $24.41

Property Facts Under Contract

Price $5,528,831 CAD
Price Per Unit $789,833 CAD
Sale Type Investment
Cap Rate 3.84%
No. Units 7
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.11 AC
Building Size 5,600 SF
No. Stories 3
Year Built 1960
Parking Ratio 0.57/1,000 SF
Walk Score ®
Walker's Paradise (95)
Transit Score ®
Rider's Paradise (92)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
14-02002-0000-00007
Land Assessment
$229,770 CAD (2024)
Improvements Assessment
$335,464 CAD (2024)
Total Assessment
$565,233 CAD (2024)

zoning

Zoning Code I-1, Newark
I-1, Newark
  • Listing ID: 3705595

  • Date on Market: 2016-02-08

  • Last Updated:

  • Address: 498-500 Market St, Newark, NJ 07105

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