market st | 498-500 Market St
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market st 498-500 Market St
7 Unit Block of Flats £3,062,367 (£437,481/Unit) 3.84% Net Initial Yield Newark, NJ 07105
Executive Summary
LOCATION,LOCATION,LOCATION ON THE HEARTH OF IRONBOND Corner property .7 family house , all separeted utility unit ,
with 04 parking space. Great income $$$$$$
MCARTER HWY to Market street, walk distance from pennstation ,near by Prudential and Red bull stadium .just minutus from the Newark Airport.
with 04 parking space. Great income $$$$$$
MCARTER HWY to Market street, walk distance from pennstation ,near by Prudential and Red bull stadium .just minutus from the Newark Airport.
Financial Summary (Actual - 2018) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
£75,724
|
£13.52
|
Financial Summary (Actual - 2018)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | £75,724 |
| Annual Per SF | £13.52 |
Property Facts Under Contract
| Price | £3,062,367 | Apartment Style | Low Rise |
| Price Per Unit | £437,481 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Net Initial Yield | 3.84% | Building Size | 5,600 SF |
| No. Units | 7 | Number of Floors | 3 |
| Property Type | Residential | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 0.57/1,000 SF |
| Price | £3,062,367 |
| Price Per Unit | £437,481 |
| Sale Type | Investment |
| Net Initial Yield | 3.84% |
| No. Units | 7 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 5,600 SF |
| Number of Floors | 3 |
| Year Built | 1960 |
| Parking Ratio | 0.57/1,000 SF |
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Walk Score ®
Walker's Paradise (95)
Transit Score ®
Rider's Paradise (92)
PROPERTY TAXES
| Parcel Number | 14-02002-0000-00007 | Improvements Assessment | £185,810 (2024) |
| Land Assessment | £127,267 (2024) | Total Assessment | £313,077 (2024) |
PROPERTY TAXES
Parcel Number
14-02002-0000-00007
Land Assessment
£127,267 (2024)
Improvements Assessment
£185,810 (2024)
Total Assessment
£313,077 (2024)
zoning
| Zoning Code | I-1, Newark |
| I-1, Newark |
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market st | 498-500 Market St
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