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832 Mount Prospect Ave
Newark, NJ 07104 Forest Hill

$3,400,000 USD

Apartments For Sale  •  5,629 SF

Property Details

• Property Type Apartments
• Total Building Size 5,629 SF
• Lot Size 0.06 AC
• Building Class C
• Year Built 1915
• Cap Rate 6.70 %

60 Transit Score

80 Walk Score

Highlights

Larger, Better-Amenitized Units

Tenant-Paid Utility Structure

Fully Occupied, Cash-Flowing Today

Embedded Rent Upside

Documented Capital Reinvestment

Transit-Oriented Renter Demand

Cap Rate:

6.70 %

Amenities

• Air Conditioning

Public Transportation

Commuter Rail	Drive	Walk	Distance
Watsessing Avenue (Montclair-Boonton Line - NJ Transit Commuter Rail (NJ Transit))	5 min	-	2.4 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))	6 min	-	2.9 mi
Transit/Subway	Drive	Walk	Distance
Branch Brook Park (Grove Street - Newark Penn Station - Newark Light Rail (Newark Light Rail))	3 min	19 min	1.0 mi
Airport	Drive	Walk	Distance
Newark Liberty International	15 min	-	8.2 mi
LaGuardia	43 min	-	21.0 mi
John F Kennedy International	54 min	-	29.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	8
Type:	Surface
Included in Rent:	Yes