Listed with Samantha A. Palazzolo-Perini | 201-394-7042, Compass New Jersey, LLC-Ridgewood
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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.
DAYS ON MARKET | 114 | LAST UPDATED | 8/12/2024 |
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YEAR BUILT | 0 | COMMUNITY | 0714 |
COUNTY | ESSEX | STATUS | Active |
PROPERTY TYPE(S) | Multi Family |
PRICE HISTORY | |
Prior to Aug 12, '24 | $12,500,000 |
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Aug 12, '24 - Today | $11,995,000 |
ADDITIONAL DETAILS | |
AREA | 0714 |
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STORIES | 3 |
STYLE | 5 Family |
TAXES | 92727 |
WATER | Public |
TOTAL MONTHLY PAYMENT
SATELLITE VIEW |
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All information deemed reliable but not guaranteed. Last date updated: 9/7/24 5:41 PM PDT Source: New Jersey Multiple Listing, Inc.
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