Listing Courtesy of: 201-362-2432 - WILLIAM PARKERSON - COMPASS NEW JERSEY LLC
551-212-3870
$11,995,000
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746-758 SOUTH 14TH STREET Unit 0 Newark, NJ 07103
Apartment
Residence
Beds
66
Baths
38,800
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
100% occupied! Calling all Investors! $8.5M assumable loan at 4.98%, 746 S 14th Street located on Newark's West side is now being offered at $11,995,000 for purchase. This new construction 38 unit apartment complex consists of 3 stand alone buildings comprised of 1, 2 and 3 bedroom units. The buildi...ng has 8 affordable units at 80% AMI. Completed in 2024, the complex offers 26 Parking Spots and sits on .68 Acres. The property has a 30 year tax pilot at fixed 10% and a 30 year rent control waiver. Cap rate is 6% and NOI $744,106.
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MLS#
3904082
Property Type
Apartment
Bathrooms
38 Full
Year Built
2023
Square Feet
38,800
sq. ft
Price per Sq. Ft.
$322.00
Sewer
Public Sewer
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