182 Ferry St - Apartments FOR SALE
Newark, NJ 07105 |
182 Ferry St
Newark, NJ 07105
HIGHLIGHTS
- Located at the heart of the IronBound at the signalized intersection of Ferry Street and Van Buren Street seeing over 13,700 vehicles per day.
- 100% occupied, three-story mixed-use building comprising first-floor retail space with four multifamily apartments above.
- Value-add opportunity in the heart of Newark to increase multifamily rents to market rates to yield a higher NOI.
- First-floor tenant, Dental Associates, has a guaranteed lease by Dental Care Alliance with over 400 locations.
- Connectivity is a breeze at this coveted cash-flowing asset near Route 21, US 1 & 9, I-95, The Garden State Parkway, I-78, and I-80.
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Ironbound Highly Visible Mixed-Use Value-Add
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
ADD'L SUBTYPES
Storefront Retail/Residential, Office/Residential
TOTAL BUILDING SIZE
7938
STORIES
3
YEAR BUILT
1910
PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
14-01991-0000-00028
