9-11 Clark St
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9-11 Clark St
16 Unit Block of Flats £4,381,720 (£273,858/Unit) 6.05% Net Initial Yield Newark, NJ 07104
Investment Highlights
- Near broad st train station & Newark light rail
Executive Summary
16 apartment building build 2023 located on lower north Newark near broad street light rail and train station. 8- 1 bedroom apartments and 8-2 bedroom apartments 8 park spaces, each apartment comes with stove, dishwasher, microwave, refrigerator, washer and dryer. Granite tops and ceramic back splash, elevator and gym. Separate utilities , heat and cool split unit . Yearly gross income $ 472,000.00
Property Facts
| Price | £4,381,720 | Apartment Style | Low Rise |
| Price Per Unit | £273,858 | Building Class | A |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Net Initial Yield | 6.05% | Building Size | 10,000 SF |
| No. Units | 16 | Number of Floors | 5 |
| Property Type | Residential | Year Built | 2023 |
| Property Subtype | Apartment |
| Price | £4,381,720 |
| Price Per Unit | £273,858 |
| Sale Type | Investment |
| Net Initial Yield | 6.05% |
| No. Units | 16 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | A |
| Lot Size | 0.12 AC |
| Building Size | 10,000 SF |
| Number of Floors | 5 |
| Year Built | 2023 |
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 690 - 869 |
| 2+1 | 8 | - | 930 |
Walk Score ®
Very Walkable (88)
Transit Score ®
Excellent Transit (79)
PROPERTY TAXES
| Parcel Number | 14-00449-0000-00066 | Improvements Assessment | £2,002,759 |
| Land Assessment | £109,856 | Total Assessment | £2,112,615 |
PROPERTY TAXES
Parcel Number
14-00449-0000-00066
Land Assessment
£109,856
Improvements Assessment
£2,002,759
Total Assessment
£2,112,615
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9-11 Clark St
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