Share this with your friends
(973) 809-0800
Real Estate Company
125 Bloomfield Ave, Newark City, NJ 07104
- $649,000
- List Price
- $649,000
- MLS#
- 4063450
- Year Built
- 9999
- Status
- ACTIVE
- County
- Essex
- City
- Newark City
- Acres
- 0.07
Property Description
A five-unit mixed-use building on Bloomfield Avenue in Newark: two street-level commercial spaces and three apartments, offered at $649,000 with two apartments currently collecting month-to-month rent. The three vacant spaces give an investor room to build income. In one projected scenario - the two commercial spaces leased at their advertised $1,600 asking rents and all three apartments at $1,450 a month - the building would gross $90,600 a year, a projected $62,834 of income after listed expenses and a 5% vacancy allowance, a 9.68% projected cap rate at the asking price. That scenario also assumes the two occupied apartments, now $1,000 and $1,100, reach $1,450 - a step that depends on the existing leases and any applicable restrictions, with no guaranteed route.
/u.realgeeks.media/tonislist/exp_Black.png)
Additional Information
- Taxes
- $16,835
- Cooling
- See Remarks, Window A/C(s)
- Exterior
- Brick/Block, Vinyl Siding
- Heating
- Baseboard - Hotwater, See Remarks
- Roof
- Flat
- Sewer
- Public Sewer
- Water
- Public Water
- Basement
- Yes
How much is your home worth?
...get instant property value now!
Mortgage Calculator
Listing Courtesy Of PROMINENT PROPERTIES SIR, Contact: 732-874-3999
The data displayed relating to real estate for sale comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.
The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information deemed reliable but not guaranteed.
Copyright 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Updated: