Active

746-758 South 14th Street

Newark NJ, 07104

$12,500,000


Active

79 Beds

Multi-family

Listed by Samantha A. Palazzolo-Perini with Compass New Jersey, LLC-Ridgewood 2013947042

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.

24015437

MLS ID

May 17, 2024

Listed

June 22, 2024

Updated

Map

746-758 South 14th Street
Newark NJ, 07104

Interior Features

Total Stories

3


Bedrooms

79


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Architectual Style

5+Family

Other Property Details

Taxes

$92,727


Tax Frequency

Annually


Garage

No


View

No


County

ESSEX


Water Source

Public


Pool

No


Buyer Agency Compensation

1%-300

The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS.  Real estate listings held by brokerage firms other than Realty Executives Elite Homes are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers.  Some properties listed with the participating brokers do not appear on this website at the request of the seller.  Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed.  Last date updated:  6/22/2024 

Source:  New Jersey Multiple Listing Service, Inc.

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