Property
Newark City, NJ 07105 61 Madison St
$1,350,000
Presented By: WEICHERT REALTORS - HOME CITY; 201-293-6333
Home Details
INTRODUCING A RARE 7 UNITS INVESTMENT OPPORTUNITY IN THE IRONBOUND SECTION OF NEWARK. SEPARETE UTILITIES IIN THE BUILDING . A MUST ABSOLUTE SSE! LOCATION NEAR PENN STATION AND ALL MAJOR HIGHWAYS, SCHOOLS AND SHOPPING CENTERS.
Presented By: WEICHERT REALTORS - HOME CITY; 201-293-6333
Interior Features for 61 Madison St
Bedrooms
Num 4 Bed Units
Bathrooms
Num Units w/Full Bath7
Num Units w/Half Bath
Half Baths
Other Interior Features
Price Per Sq Ft0.00
Available Sq Ft0
Num 3 Bdrm Units0
Num 2 Bdrm Units7
Num 1 Bdrm Units
BasementFinished-Partially, Full
FlooringParquet, Wood
Total Stories
General for 61 Madison St
Cap Rate6.00
ConstructionMetal Frame
CoolingNo Cool
CountyEssex
Days on Market62
DirectionsFERRY ST TO MADISON ST
Documents AvailableNo Documents Available
DriveNone
EasementNo
Equipment AvailableFire Alarm
Gross Income130000
Heating4+ Units, Radiators - Hot Water
Leasable Area
LocationBusiness District, Highway Location, Residential Area
Net Operating Income66000
Num Apts7
NumberOfUnitsTotal7
Operating Expense32500
Percent OwnershipFee Simple
Possessionat closing
Property TypeApartment Complex
Property TypeApartment Complex
RoofBuilt-Up
Standard StatusActive
StatusActive
Tax Annual Amount15814
Tax Assessed Value424200
Tax Lot38
Tax Year2023
Town #1614
TownshipNewark City
UtilitiesGas-Natural
Zoning0
Exterior for 61 Madison St
Building Area Total
Exterior DescriptionAluminum
Lot Dimensions25X95
Lot Size Acres0.05
Max Ceiling Height0
Max Door Height0
Number of Bays0
Number of Docks0
Water SourcePublic Water
Additional Details
Price History
Karina Gil
Associate