Commercial Real Estate for Sale at 116 Magazine St in Newark City, NJ for $1,699,000

Listing data updated August 9, 2024 - 7:00pm
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116 Magazine St | Newark City

$1,699,000 | 24 Baths (24 Half) | 0.0 Sq. Ft.

Approved for 24 units in the Ironbound. Ground floor parking garage with 24 spaces. Fifteen 1-bedroom plus office apartments and nine 2-bedroom apartments. Site plan available upon request. Full construction drawings and permits not included. Property currently contains four 25x100 warehouses that are rented with month-to-month tenants. UST have been removed and the site is clean. GSMLS 3895568

Directions to property: 116-122 Magazine

MLS Listing ID: 
GSMLS 3895568
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$1,699,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Primary Market Area: 
Newark City
Address: 
116 Magazine St, Newark City, NJ 07105-3423, U.S.A.
County: 
Essex
Latitude: 
40.7256000
Longitude: 
-74.1465300
Directions: 
116-122 Magazine
Public Remarks: 
Approved for 24 units in the Ironbound. Ground floor parking garage with 24 spaces. Fifteen 1-bedroom plus office apartments and nine 2-bedroom apartments. Site plan available upon request. Full construction drawings and permits not included. Property currently contains four 25x100 warehouses that are rented with month-to-month tenants. UST have been removed and the site is clean.
Community Information
Subdivision: 
Ironbound
Building Details
Details about the building on a property.
Stories: 
40
Year Built: 
9999
Living Area: 
0.0
Construction
Construction Materials: 
Brick/Block, Wood
Roof: 
Flat
Exterior: 
Brick/Block, Composition Siding, Vinyl Siding
Energy Information: 
Electric, Gas In Street
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
24
Total Half-Bathrooms: 
24
Utilities
Information about utilities available on the property.
Heating System: 
4+ Units, Heat Pump
Heating System Fuel: 
Electric
Cooling System: 
4+ Units, Heatpump
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.06
Lot Size (Dimensions): 
10,206
Waterfront: 
0
Lot Features
Driveway: 
Off-Street Parking, Parking Lot-Exclusive
Parking Type: 
Off-Street Parking, Parking Lot-Exclusive
Total Parking Spaces: 
24
Public Record
Parcel Number: 
1614-02056-0000-00028-0004-
Lot Number: 
28.01-04
Annual Tax: 
$16,496.00
Property Zoning: 
R3
Contract Details
Details about the listing contract.
Possession: 
Closing
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
EXIT REALTY LUCKY ASSOCIATES

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