1018-1020 S Orange Ave
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1018-1020 S Orange Ave
7,000 SF 100% Leased Retail Building Newark, NJ 07106 £2,314,096 (£331/SF) 5.04% Net Initial Yield
Investment Highlights
- Brand New- ALL LEASED OUT 7000 SF MIXED USED 3 STORES AND 2 Brand New 3 Bed Room Apartments Building
- Fix No More! Brand New 7000 SF Commercial Right on Heavy Traffic South Orange Ave
- Situated near White Castle, Popeye Chicken, Dunkin Donuts, Dollar Tree, Seton Hall University
- Low Tax 5700, Lot Size= 5178 S.F. Three Stores with 12 FT CELING HEIGHT, 2 Brand New 3 Bedroom Apartments
Executive Summary
Brand New 7000 S.F Mixed Use Building, 3 Stores plus Two 3 bedroom Apartments Fully leased out: total 5 tenants (3 Commercials, 2 Residentials) 3 Stores , Two Brand New 3 bedroom Apartments with 2 baths and one bath Situated on heavy traffic area near White Castle, Popeye Chicken, Dunkin Donuts, Dollar Tree, Seton Hall University 12 Ft Ceiling 3 Stores: 1800 SF, 1600 SF, 1200 SF
Monthly Rents:
$3450 (1800SF)
w 10 yr Lease- Super Market
$3150 ( 1600 SF): Thrift Store
$2250 ( 1200 SF): Party/Event
Apt Rent1 w 2 baths:$2,350
Apt Rent2: w 1 bath: $2,250
100 % all leased out
Total Income: $160,200
Total Expenses: $11,140 (Current Tax:$5700)
Net income: $149,060
For detailed information:
Contact Youngstar Realty Eric Suh 917 745 2911 Via Text or Ericsuh2@gmail.com
Monthly Rents:
$3450 (1800SF)
w 10 yr Lease- Super Market
$3150 ( 1600 SF): Thrift Store
$2250 ( 1200 SF): Party/Event
Apt Rent1 w 2 baths:$2,350
Apt Rent2: w 1 bath: $2,250
100 % all leased out
Total Income: $160,200
Total Expenses: $11,140 (Current Tax:$5700)
Net income: $149,060
For detailed information:
Contact Youngstar Realty Eric Suh 917 745 2911 Via Text or Ericsuh2@gmail.com
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
B
Year Built
2024
Price
£2,314,096
Price Per SF
£331
Net Initial Yield
5.04%
NOI
£116,632
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
1.35
Lot Size
0.12 AC
Zoning
C-2 - Community Commercial and Residential
Frontage
Amenities
- Security System
- Signage
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- APARTMEMT 2A & 2B
- -
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- FAMER'S MARKET
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- GOD IS GOOD THRIFT STORE
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- T2 SUITES EVENT SPACE
- Arts, Entertainment, and Recreation
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| APARTMEMT 2A & 2B | - | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| FAMER'S MARKET | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| GOD IS GOOD THRIFT STORE | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| T2 SUITES EVENT SPACE | Arts, Entertainment, and Recreation | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score ®
Very Walkable (77)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 14-04115-0000-00007 | Total Assessment | £115,568 |
| Land Assessment | £107,743 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £7,825 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
14-04115-0000-00007
Land Assessment
£107,743
Improvements Assessment
£7,825
Total Assessment
£115,568
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
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1018-1020 S Orange Ave
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