Property
Newark City, NJ 07103 746-758 South 14th Street
$12,500,000
1 more
Presented By: COMPASS NEW JERSEY LLC; 201-362-2432
Full/Half Baths • 0 / 66
SQFT • 38,800
Garage • 28
Home Details
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.
Presented By: COMPASS NEW JERSEY LLC; 201-362-2432
Interior Features for 746-758 South 14th Street
Bedrooms
Num 4 Bed Units
Bathrooms
Num Units w/Full Bath38
Num Units w/Half Bath
Half Baths66
Other Interior Features
Price Per Sq Ft322.00
Available Sq Ft38800
Num 3 Bdrm Units13
Num 2 Bdrm Units15
Num 1 Bdrm Units10
BasementUnfinished
Total Stories3
General for 746-758 South 14th Street
ConstructionSee Remarks
CoolingCentral Air
CountyEssex
Days on Market
DirectionsSouth 14th Street between Woodlawn and Avon Ave
Documents AvailableSee Remarks
DriveParking Lot-Exclusive
EasementNo
Equipment AvailableSee Remarks
Garage Spaces28
HeatingForced Hot Air
Leasable Area
LocationResidential Area
Num Apts38
Percent OwnershipFee Simple
PossessionASAP
Property TypeApartment Complex
Property TypeApartment Complex
RoofFlat
Standard StatusActive
StatusActive
Street NameSouth 14th Street
Tax Annual Amount92727
Tax Assessed Value0
Tax Lot00037
Tax Year2024
Total Units28
Town #1614
TownshipNewark City
UtilitiesElectric
ZoningCommercial
Exterior for 746-758 South 14th Street
Building Area Total38800
Exterior DescriptionSee Remarks
Lot Dimensions00.68
Max Ceiling Height
Max Door Height0
Number of Bays0
Number of Docks0
Total Parking28
Water SourcePublic Water
Additional Details
Price History
Derrick Sims
Associate