Skip To Content

521 Washington Street

Newark, NJ 07102
  • $2,200,000
  • STATUS: Active Under Contract
  • ON SITE: 18 Days
  • MLS #: 22301328
Under Contract
UPDATED: 38 min ago
$2,200,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,838
    SQFT
  • $455
    $/SQFT
Type:
Commercial
Built:
1915
County:
Area:

School Ratings & Info

Description

Solid investment property with an incredible Cap just under 12.5% First 5 Year extension already signed giving investor a total of 6 yrs on current term. An additional 5 year option is included under that same agreement. Income is $275k plus net operating income Full Triple Net Lease Government Program in place and rent is paid monthly direct deposit to landlord.

Monthly Payment Calculator



© 2023 Monmouth-Ocean MLS. IDX information is provided exclusively for 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. Data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. Data last updated 2023-02-04T13:20:37.44.
www.williamhagangroup.com/homes/136079205
Print Image

521 Washington Street Newark, NJ 07102

  • Price: $2,200,000
  • Status: Active Under Contract
  • On Site: 18 Days
  • Updated: 38 min ago
  • MLS #: 22301328
0
Beds
0
Baths
0
½ Baths
0.09
Acres
4,838
SQFT
$455
$/SQFT
1915
Built
County:
Essex
Area:
Newark (NEW)
Property Description
Solid investment property with an incredible Cap just under 12.5% First 5 Year extension already signed giving investor a total of 6 yrs on current term. An additional 5 year option is included under that same agreement. Income is $275k plus net operating income Full Triple Net Lease Government Program in place and rent is paid monthly direct deposit to landlord.
Exterior Features

Garage No Lot Dimensions 50 X 74.9 Parking Driveway On Street

Interior Features

Heat Fuel Natural Gas Water Heater Natural Gas

Property Features

Assessment Land 157500.00 Assessment Status Assessed Assessment Total 799100.00 Commercial Type Mixed Use Electric1 Other - See Remarks Gas On Site Improvements Assessment 641600.00 Lease No Sale Yes Sewer Public Sewer Tax Year 2021 Taxes 29838.00 Use Apartments Water Public Water

Listing information © 2023 Monmouth-Ocean MLS. Listing provided courtesy of Aleksandr Pritsker of Exp Realty: (866) 201-6210.


© 2023 Monmouth-Ocean MLS. IDX information is provided exclusively for 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. Data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. Data last updated 2023-02-04T13:20:37.44.
 
Logo
eXp Realty
910 1st Ave
Asbury Park NJ, 07712