Commercial Real Estate for Sale at 15-19 Stone Street in Newark City, NJ for $3,500,000

Listing data updated June 20, 2024 - 4:45am
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15-19 Stone Street | Newark City

$3,500,000 | 16 Baths (16 Half) | 0.0 Sq. Ft.

Discover a prime investment opportunity in Newark with this meticulously maintained 16-unit apartment building. Featuring a compelling 5% Cap rate and full occupancy, this four-story multi-family brick building offers a diverse mix of units: 12-two bedroom, 3-three bedroom, and 1-one bedroom apartments. Each unit includes an eat-in kitchen, spacious living room, and bathroom, ensuring comfortable living spaces for tenants.Located in a sought-after neighborhood known for its convenience and accessibility, this property is poised to deliver steady rental income and potential for future appreciation. Recent maintenance and upgrades enhance the building's long-term profitability.With ample room for appreciation, don't miss out on investing in this thriving Newark community. Schedule a tour today to seize this lucrative opportunity and secure your place in Newark's dynamic real estate market. GSMLS 3908027

Directions to property: Between 7th avenue and Crane Street

MLS Listing ID: 
GSMLS 3908027
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: 
$3,500,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Primary Market Area: 
Newark City
Address: 
15-19 Stone Street, Newark City, NJ 07104-2523, U.S.A.
County: 
Essex
Latitude: 
40.7518267
Longitude: 
-74.1743943
Directions: 
Between 7th avenue and Crane Street
Public Remarks: 
Discover a prime investment opportunity in Newark with this meticulously maintained 16-unit apartment building. Featuring a compelling 5% Cap rate and full occupancy, this four-story multi-family brick building offers a diverse mix of units: 12-two bedroom, 3-three bedroom, and 1-one bedroom apartments. Each unit includes an eat-in kitchen, spacious living room, and bathroom, ensuring comfortable living spaces for tenants.Located in a sought-after neighborhood known for its convenience and accessibility, this property is poised to deliver steady rental income and potential for future appreciation. Recent maintenance and upgrades enhance the building's long-term profitability.With ample room for appreciation, don't miss out on investing in this thriving Newark community. Schedule a tour today to seize this lucrative opportunity and secure your place in Newark's dynamic real estate market.
Building Details
Details about the building on a property.
Stories: 
4
Year Built: 
1989
Living Area: 
0.0
Construction
Construction Materials: 
Brick/Block, Formed Concrete
Roof: 
Flat
Exterior: 
Brick/Block, Concrete
Energy Information: 
Electric, Gas-Natural
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
16
Total Half-Bathrooms: 
16
Utilities
Information about utilities available on the property.
Heating System: 
Forced Hot Air
Heating System Fuel: 
Electric, Gas-Natural
Cooling System: 
Central Air
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.12
Lot Size (Dimensions): 
52.10X99.7
Waterfront: 
0
Lot Features
Driveway: 
None
Parking Type: 
None
Public Record
Parcel Number: 
1614-00478-0000-00030-0000-
Lot Number: 
30
Annual Tax: 
$23,560.00
Property Zoning: 
-
Contract Details
Details about the listing contract.
Possession: 
At Closing
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
SIGNATURE REALTY NJ

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