NJ
Essex
Newark City
07104
67 Broadway
67 Broadway, Newark City, NJ 07104
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Listing Type
Commercial/Industrial
Listing Status
active
38
$899,000

Home Details for 67 Broadway

Price
$899,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
0.0
Square feet
4116
Year built
1920
Lot size acres
0.04
County
Essex
Garage
Basement
Full, Partially Finished
Days on site
119
MLS Listing#
3934175
Listing Courtesy: CHRISTIE'S INT. REAL ESTATE GROUP - 201-962-9551
Property Description

Discover a highly desirable mixed-use property just five blocks from the heart of downtown, offering excellent rental income at 7.25% CAP Rate and long-term leases. This property is ideal for investors looking for a steady revenue stream with growth potential!Commercial Space (1st Floor): Spacious commercial area with a basement, currently leased for $2,570 per month with a secure 10-year lease and a 3% annual rent increase. This setup ensures reliable income with a growth trajectory for years to come.Residential Units:2nd Floor: Fully renovated 4-bedroom, 1-bathroom apartment with a lease in place. Enjoy $2,550 in monthly rent for this renovated unit, offering a comfortable living space for tenants.3rd Floor: 3 bedrooms, 1-bathroom unit renting at $2,000 per month.Additional Highlights:No on-site parking, but conveniently located just a short five-block walk to downtown.

Property Features
  • Basement
    • Full
    • Partially Finished
  • Cooling Information
    • 3 Units
  • Heating Information
    • Natural Gas
  • Water Features
    • Public
  • Utilities
    • See Remarks
  • Parking
    • None
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Median Days on Site
Median Square Feet
Market statistics compiled from data from Garden State MLS.
EXIT PLATINUM REALTY
200 Claremont Ave, Montclair, NJ 07042
John Johnson III
Franchisee
Office
973 746 4777
Agent
908 338 0639
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