116 Magazine St Newark City, NJ ^$ 1,799,000

116 Magazine St

^$ 1,799,000

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New Construction

116 Magazine St

Newark City, NJ, 07105

^$ 1,799,000

Studio Baths0.24

Monthly Estimate*

^$ 11,957

116 Magazine St, Newark City, NJ 07105 - Image 1

116 Magazine St, Newark City, NJ 07105 - Image 2

116 Magazine St, Newark City, NJ 07105 - Image 3

116 Magazine St, Newark City, NJ 07105 - Image 4

116 Magazine St, Newark City, NJ 07105 - Image 5

Studio Commercial Property for sale in Newark City, NJ for $1,799,000 with 24 half baths. The lot size is 0.06.

Approved for 24 units in the Ironbound. Ground floor parking garage with 24 spaces. Fifteen 1-bedroom plus office apartments and nine 2-bedroom apartments. Site plan available upon request. Full construction drawings and permits not included. Property currently contains four 25x100 warehouses that are rented with month-to-month tenants. UST have been removed and the site is clean.

Commercial Active

Price

^$ 1,799,000

Bedrooms

Studio

Half Bath

Property Type

Commercial

Taxes

^$ 16,496

Style

Apartment Complex

Lot Size

0.06

Town/City

Newark City

County/Region

ESSEX

MLS | Web ID

3895568

Features

General

Sewer Public Sewer

Construction Brick/Block Wood

Heating 4+ Units Heat Pump

Cooling 4+ Units Heatpump

Utilities Electric Gas In Street

Possession Closing

Roof Flat

Zoning R3

Garage Spaces 24

Year Built 9999

Township Newark City

Property Type Apartment Complex Apartment Complex

Tax Year 2023

Percent Ownership Fee Simple

Location Residential Area

County Essex

Subdivision Name Ironbound

Status Active

Directions 116-122 Magazine

Total Units 24

Street Name Magazine St

Tax Annual Amount 16496

Drive Off-Street Parking Parking Lot-Exclusive

Leasable Area 0

Days on Market 0

Standard Status Active

Tax Assessed Value 415500

Town # 1614

Tax Lot 28.01-04

Farm Assessment No

Exterior

Lot Features Level Lot

Water Source Public Water

Exterior Description Brick/Block Composition Siding Vinyl Siding

Building Area Total 35070

Lot Dimensions 10 206

Lot Size Acres 0.06

Interior

Fuel Type Electric

Total Stories 40

Half Baths 24

* Excluded Features

List By

PATRICK DWYER

Listing Agent

Exit Realty Lucky Associates

Broker

patrick.dwyer@luckyrealty.com

Affordability Calculator

$13,331

Per Month

Monthly Principal & Interest: $11,957
Monthly Property Taxes: $1,375
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Newark, NJ

Average List Price ^$1,164,798

Percent of Sale Price 35%

About Newark, NJ

283,201 Population

4% Since 2002

^$35,768 Median Income

34.98 Median Age

34% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

291163 Elementary School

291353 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/11/2024	$1,799,000		Listed Price

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116 Magazine St, Newark City, NJ, 07105 is a Commercial Property for sale at $1,799,000 with a lot size of 0.06. 116 Magazine St is a studio with 0.24 baths. The property's zip code is 07105 which is in Newark City, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

This information is being provided 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.

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