114 Orchard St
5,600 SF 100% Leased Retail Building Newark, NJ 07102 £771,799 (£137.82/SF) 6.54% Net Initial Yield
EXECUTIVE SUMMARY
Mixed-use property in a great location. One block from Rt-21 with easy access to major highways. Newark Penn station 0.75 miles away. Ground level 2800 sq.ft retail store with two apartments above. Apartments are 2 bed and 3 bed. Building is in great condition. Separate utilities. Fully Leased. tenants in good standing.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,600 SF
Building Class
C
Year Built
2013
Price
£771,799
Price Per SF
£137.82
Net Initial Yield
6.54%
NOI
£50,493
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
1.61
Lot Size
0.08 AC
Zoning
RDV - Redevelopment zone
Frontage
60 ft on Orchard St
AMENITIES
- Bus Route
- Signage
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (83)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 14-00890-0000-00060 | Total Assessment | £173,159 |
| Land Assessment | £75,588 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £97,571 | Tax Year | 2024 |
