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1044 Bergen St 5,500 SF Retail Building Newark, NJ 07112 $1,749,824 CAD ($318.15 CAD/SF) 7.60% Cap Rate
Investment Highlights
- Situated along Bergen Street, a well-established commercial corridor serving Newark’s South Ward.
- Located within an active urban area featuring a mix of local businesses, institutions, and community amenities.
- Surrounded by dense residential neighborhoods that support everyday retail and service uses.
- Benefits from strong connectivity to public transportation and access to greater Newark and surrounding markets.
Executive Summary
This is a great investment opportunity to own a mix-used building with high ROI in a nice neighborhood in Newark, NJ. The building was constructed in 2009 by current owner with a restaurant on first floor and three apartments (Studio, 1-bedroom, 2-bedroom) on second floor. The restaurant signed a 10 year lease, providing carryout and dine-in services. Apartments are newly painted and two of them are rented. Close to schools, hospital, parks, and airport. Easy access to major highways. Financial statements are available upon request.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,500 SF
Building Class
C
Year Built
2009
Price
$1,749,824 CAD
Price Per SF
$318.15 CAD
Cap Rate
7.60%
NOI
$132,987 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.58
Lot Size
0.08 AC
Frontage
34’ on Bergen Street
Walk Score®
Very Walkable (78)
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-03659-0000-00020 | Improvements Assessment | $397,509 CAD |
| Land Assessment | $107,340 CAD | Total Assessment | $504,849 CAD |
Property Taxes
Parcel Number
14-03659-0000-00020
Land Assessment
$107,340 CAD
Improvements Assessment
$397,509 CAD
Total Assessment
$504,849 CAD
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1044 Bergen St
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