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660 Mount Prospect Ave 3,521 sq ft 100% Let Retail Property Newark, NJ 07104 £912,392 (£259.13/sq ft) 6.83% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Busy Commercial & Residential Area
- Close to Public Transportation
EXECUTIVE SUMMARY
Great Investment Oportunity in the Progressive Forest Hills Section of Newark NJ. This fully leased mixed use property generates a healthy monthly income and is located on a busy street with easy access to public transportation, shopping, restaurants, schools, parks and more. Property is well mantained and tenants pay their own heat, hot water, gas & electric utilities. Consists of one store and 4 apartments.
DATA ROOM Click Here to Access
- Operating and Financials
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| 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 sq ft | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Shopfront Retail / Residential
Property Size
3,521 sq ft
Costar Property Class
C
Year Built
1940
Price
£912,392
Price per sq ft
£259.13
Yield
6.83%
NOI
£62,330
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.81
Total Plot Size
0.10 ac
Frontage
Walk Score®
Easily Walkable (83)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 14-00737-0000-00013 | Improvements Assessment | £196,183 (2025) |
| Land Assessment | £62,266 (2025) | Total Assessment | £258,449 (2025) |
PROPERTY TAXES
Parcel Number
14-00737-0000-00013
Land Assessment
£62,266 (2025)
Improvements Assessment
£196,183 (2025)
Total Assessment
£258,449 (2025)
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660 Mount Prospect Ave
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