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For Sale

67 Broadway

67 Broadway, Newark City, NJ 07104

$950,000
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.

4,116 Sq.Ft. LIVING AREA

1,742.4 Sq.Ft. lot

Maikol Puebla

Maikol Puebla

Features & Amenities

Area & Lot

  • Status For Sale
  • Living Area4,116 Sq.Ft.
  • Lot Area1,742.4 Sq.Ft.
  • MLS® ID3934175
  • TypeCommercial
  • YEAR BUILT1920

Exterior

  • STORIES3
  • water SourcePublic
  • roofAsphalt
  • HEAT TYPENatural Gas
  • sewerPublic Sewer

Financial

  • Sales Price$950,000
  • Real Estate Tax $9,586/yr
  • Zoning no

Work With Us

With MP Home Collection Real Estate Group's real estate and investment experience, coupled with his affiliation with Christie's Northern New Jersey, they are able to leverage the strength of Christie's unparalleled corporate marketing resources and superior customer service to assist clients at all phases of the real estate process.

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