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746-758 South 14th Street Newark, NJ $ 12,500,000
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746-758 South 14th Street
$ 12,500,000
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746-758 South 14th Street

Newark, NJ, 07104
$ 12,500,000
Baths0.0

Monthly Estimate*

$ 83,079

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Studio

Commercial Property for sale in Newark, NJ

for $12,500,000.

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.

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Commercial Active

Price

$ 12,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 92,727

Style

5+Family

Town/City

Newark

County/Region

Essex

MLS | Web ID

24015437
Features
General
Area 0714
Style 5+Family
Roof Flat
Status ACTIVE
Year Built New Construction-New Foundation
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Exterior
Substyle Other
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* Excluded Features

Affordability Calculator

$90,806
Per Month
91%
9%
0%
Monthly Principal & Interest
$83,079
Monthly Property Taxes
$7,727
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
843640 Elementary School
843641 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/17/2024$12,500,000 Listed Price

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746-758 South 14th Street, Newark, NJ, 07104 is a Commercial Property for sale at $12,500,000. 746-758 South 14th Street is a studio with 0.0 baths. The property's zip code is 07104 which is in Newark, NJ

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