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638 Mount Prospect Ave
Newark, NJ 07104 Forest Hill

$4,500,000 USD

Storefront Retail Residential For Sale  •  19,654 SF

Property Details

• Property Type Storefront Retail Residential
• Total Building Size 19,654 SF
• Lot Size 0.15 AC
• Building Class C
• Year Built 1930
• Cap Rate 7.11 %
• Tenancy Multiple
• Zoning C-2

64 Transit Score

81 Walk Score

Highlights

Fully Leased

Parking

Financial Summary (Actual)

Net Operating Income: $321,472 USD (2025)

Cap Rate:	7.11 %
Total Expenses:	$77,000 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
Newark Rehabilitation Center

Public Transportation

Commuter Rail	Drive	Walk	Distance
Watsessing Avenue (Montclair-Boonton Line - NJ Transit Commuter Rail (NJ Transit))	5 min	-	2.1 mi
Newark Broad Street (Montclair-Boonton Line - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Gladstone Branch - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit))	5 min	-	2.4 mi
Transit/Subway	Drive	Walk	Distance
Branch Brook Park (Grove Street - Newark Penn Station - Newark Light Rail (Newark Light Rail))	2 min	13 min	0.6 mi
Silver Lake (Grove Street - Newark Penn Station - Newark Light Rail (Newark Light Rail))	3 min	18 min	0.9 mi
Airport	Drive	Walk	Distance
Newark Liberty International	14 min	-	8.3 mi
LaGuardia	44 min	-	28.4 mi
John F Kennedy International	52 min	-	31.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	20
Type:	Surface
Included in Rent:	Yes