Property

Newark City, NJ 07104 660 Mount Prospect Ave

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Presented By: RE/MAX VILLA REALTORS; 201-868-3100
  • MLS# 3964528
  • 05/21/2025
  • Request Tour
  • Request Info
  • Full/Half Baths • 0 / 5
  • SQFT • 3,521

Home Details

Great Investment Oportunity in the Progressive Forest Hills Section of Newark NJ. This fully leased mixed use property generates a healthy monthly income and is located on a busy street with easy access to public transportation, shopping, restaurants, schools, parks and more.
Presented By: RE/MAX VILLA REALTORS; 201-868-3100

Interior Features for 660 Mount Prospect Ave

Bathrooms

Half Baths5

Other Interior Features

Price Per Sq Ft34.46
Available Sq Ft3521
BasementStorage, Unfinished
Fuel TypeElectric, Gas-Natural
Total Stories3

General for 660 Mount Prospect Ave

Cap Rate6.20
ConstructionBrick/Block
Cooling1 Unit
CountyEssex
DirectionsBetween Heller Pkwy and Elwood Ave E. on Mount Prospect Ave
Documents AvailableIncome & Expenses
DriveNone
EasementUnknown
Equipment AvailableFire Alarm
Gross Income121322
Heating4+ Units
Leasable Area
Lease InformationSee Remarks
LocationBusiness District, See Remarks
Net Operating Income83686
Num Apts4
Number Of Units Total5
Operating Expense37636
OwnerPaysWater
OwnershipFee Simple
Possessionat closing
Property TypeMixed Use
Property TypeMixedUse
RoofFlat
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount13196
Tax Assessed Value347000
Tax Lot13
Tax Year2024
Tenant PaysElectric, Gas, Heat, Hot Water
Town #1614
TownshipNewark City
UtilitiesElectric, Gas In Street
Utilities Paid ByTenant
Year Built1940
ZoningCommercial

Exterior for 660 Mount Prospect Ave

Building Area Total4373
Exterior DescriptionBrick/Block
Lot Dimensions35X125
Lot Size Acres0.10
Max Ceiling Height0
Max Door Height0
Number of Bays0
Number of Docks0
Water SourcePublic Water

Additional Details

Price History

Charles Torres

Owner
Price $1,250,000
MLS#3964528
List Date 05/21/2025
Property Type Commercial
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