About 67 Broadway
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.
Features of 67 Broadway
| MLS® # | 24036221 |
|---|---|
| Price | $950,000 |
| Type | 5+ Mixed Use |
| Style | RTL/APT |
| Status | ACTIVE |
Community Information
| Address | 67 Broadway |
|---|---|
| City | Newark |
| County | ESSEX |
| State | NJ |
| Zip Code | 07104 |
Amenities
| Features | MUNICIPAL WA |
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Exterior
| Roof | ASPHALT |
|---|---|
| Construction | 1900-1939 |
Additional Information
| Date Listed | November 12th, 2024 |
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Listing Details
| Agent | Maikol Puebla |
|---|---|
| Office | Christie's International Real Estate Group-Hoboken |