$12,500,000
Active
52 Days Online
0 Beds66 Baths38,800 SQFT
Active

746 South 14th Street Newark City, 07103

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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.

  • Property TypeCondo
  • NeighborhoodN/A
  • CountyEssex
  • Taxes$92,727
  • HOA/Condo/Coop Fees$0
  • Days on Site51 Days
  • MLS StatusActive
  • MLS ID Number3904082
  • Home Size Source N/A
  • Year BuiltN/A
  • Lot Size Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Construction See Remarks
  • Parking Parking Lot- Exclusive
  • Parking Spaces 28
  • Basement Unfinished
  • Number of Stories 3
  • Water Public
  • Property Sub Type Apartment
  • Zoning Commercial

Interior Features

  • Cooling Central Air
  • Heating nullHeating Type: Forced Hot Air

Exterior Features

  • Roof Flat

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Monthly Payment (Est.)

$64,993
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