746-758 South 14th Street, Newark City, 07103

Active

746-758 South 14th Street

Newark City, 07103

$11,995,000

$309.15 per sqft

Active

38,800 sqft

Commercial

Built in 2023

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 building 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.

3904082

MLSⓇ ID

May 28, 2024

Listed

September 5, 2024

Updated

Map

746-758 South 14th Street
Newark City, 07103

Interior Features

Total Stories: 3
Fireplace: No
Cooling: Yes
Cooling Description: Central Air
Heating: Yes
Heating Description: Electric, Forced Air

Exterior/Building Features

Sewer: Public Sewer

Other Property Details

Taxes: $92,727
Tax Frequency: Annually
Days on Market: 76
Garage: Yes
Garage Spaces: 28
Parking Total: 28
View: No
County: Essex
Water Source: Public
Pool: No
Zoning: Commercial

Listing History

Date	Event	Price
8/12/2024	Price change	$11,995,000 -5%

Courtesy of COMPASS NEW JERSEY LLC with WILLIAM PARKERSON, SAMANTHA PALAZZOLO-PERINI
Listing Contact: 5512123870

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