746758 S 14th Street
Newark, New Jersey
$11,995,000 Price
79 Bedrooms   - Baths

100% occupied! Assumable loan of $8.285M at 4.98%. 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....

100% occupied! Assumable loan of $8.285M at 4.98%. 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.

Listing courtesy of Compass New Jersey Llc-Ridgewood, Samantha A. Palazzolo-Perini 5512840175

Calculate your Payments

Asking Price:

Percent Down:

Loan Amount:

Interest Rate:

Loan Term (years):

Estimated Mortgage Payment:

Total Monthly Payment:

* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

Newark, New Jersey
Type:
Price: $11,995,000
Web ID: 324015437

Info & Amenities

Bedrooms: 79