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SHOPPING MALL SITE CHESTNUT ST AND OLIVER ST 290 Chestnut St 34,000 SF 100% Leased Office Building Newark, NJ 07105 $14,393,295 CAD ($423.33 CAD/SF)
Executive Summary
Approx. 22,600 SF on 2nd & 3rd Floors
" Rental Rate: $22.00 PSF NNN
" 11,300 SF First Floor
" Leased to Adult Day Care
" Monthly Income Approx. $19,000.00
Building Size: Approx. 34,000 SF
" 3 Story Elevator Building
" Building Footprint 75 X 150
" Ironbound Section of Newark
" Complete Building Renovation in 2001
" All Stucco Exterior for Low Maintenance
" Abundant Parking / Gated Lot
" Ingress / Egress on Oliver & Chestnut Street '''''''''' SELLER HAS DEVLOPMENT PRINTS FOR THE SITE , ITS IN APPROVAL STAGE SEE THE ATTACHMENTS ''''''''''''
" Rental Rate: $22.00 PSF NNN
" 11,300 SF First Floor
" Leased to Adult Day Care
" Monthly Income Approx. $19,000.00
Building Size: Approx. 34,000 SF
" 3 Story Elevator Building
" Building Footprint 75 X 150
" Ironbound Section of Newark
" Complete Building Renovation in 2001
" All Stucco Exterior for Low Maintenance
" Abundant Parking / Gated Lot
" Ingress / Egress on Oliver & Chestnut Street '''''''''' SELLER HAS DEVLOPMENT PRINTS FOR THE SITE , ITS IN APPROVAL STAGE SEE THE ATTACHMENTS ''''''''''''
Financial Summary (Actual - 2020) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$822,474
|
$24.19
|
| Taxes |
-
|
-
|
| Operating Expenses |
$137,079
|
$4.03
|
| Total Expenses |
$137,079
|
$4.03
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2020)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $822,474 |
| Annual Per SF | $24.19 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $137,079 |
| Annual Per SF | $4.03 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $137,079 |
| Annual Per SF | $4.03 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
34,000 SF
Building Class
B
Year Built/Renovated
1940/2001
Price
$14,393,295 CAD
Price Per SF
$423.33 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
11,333 SF
Building FAR
1.82
Lot Size
0.43 AC
Zoning
commercial
Parking
14 Spaces (0.37 Spaces per 1,000 SF Leased)
Amenities
- Smoke Detector
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 14-00956-0000-00017-07 | Improvements Assessment | $1,642,206 CAD (2025) |
| Land Assessment | $1,167,913 CAD (2025) | Total Assessment | $2,810,120 CAD (2025) |
Property Taxes
Parcel Number
14-00956-0000-00017-07
Land Assessment
$1,167,913 CAD (2025)
Improvements Assessment
$1,642,206 CAD (2025)
Total Assessment
$2,810,120 CAD (2025)
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SHOPPING MALL SITE CHESTNUT ST AND OLIVER ST | 290 Chestnut St
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