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521-523 Washington St
Newark, NJ 07102 South Broad Street

$2,750,000 USD

Apartments For Sale  •  4,838 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,838 SF
  • Lot Size 0.09 AC
  • Building Class C
  • Year Built 1915
  • Cap Rate 10.84 %
100 Transit Score
90 Walk Score

Highlights

LONG TERM LEASE
ATTRACTIVE RENT INCREASES
MINIMAL LANDLORD RESPONSIBILITIES
STRATEGIC LOCATION
TRANSIT ORIENTED LOCATION
SIGNIFICANT HIGHER EDUCTION PRESENCE
Cap Rate: 10.84 %

Public Transportation

Commuter RailDriveWalkDistance
Newark Penn Station (Newark Penn Station-World Trade Center - Port Authority Trans-Hudson (PATH)) 4 min - 1.4 mi
Newark Airport (North Jersey Coast Line - NJ Transit Commuter Rail (NJ Transit), Northeast Corridor Line - NJ Transit Commuter Rail (NJ Transit)) 5 min - 1.8 mi
Transit/SubwayDriveWalkDistance
Washington Street (Grove Street - Newark Penn Station - Newark Light Rail (Newark Light Rail)) 2 min 18 min 0.9 mi
Military Park (Grove Street - Newark Penn Station - Newark Light Rail (Newark Light Rail)) 2 min 19 min 1.0 mi
AirportDriveWalkDistance
Newark Liberty International 8 min - 4.6 mi
LaGuardia 42 min - 23.8 mi
John F Kennedy International 51 min - 32.0 mi
Michael Lombardi 732-232-4351 Horvath & Tremblay
Michael Lombardi 732-232-4351 Horvath & Tremblay