746-758 S 14th St, Newark, NJ

$12,500,000

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About 746-758 S 14th St

Calling all Investors! 746 S 14th Street located on Newark's West side is now being offered at $12.5M 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.

Features of 746-758 S 14th St

MLS® # 24015437
Price $12,500,000
Type 5+ Mixed Use
Style OTHER
Status ACTIVE

Community Information

Address 746-758 S 14th St
City Newark
County ESSEX
State NJ
Zip Code 07104

Amenities

Features MUNICIPAL WA, SEWER, A/C

Exterior

Roof FLAT

Additional Information

Date Listed May 17th, 2024

Listing Details

AgentSamantha A. Palazzolo-perini
OfficeCompass New Jersey, LLC-Ridgewood

Listing Map

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