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31-43 Merchant St 42,000 SF 52% Leased Retail Building Newark, NJ 07105 $10,469,400 CAD ($249.27 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- 3 floor building all solid brick very high ceiling must to remodeling a trl
EXECUTIVE SUMMARY
this a very well located building. can develop. 10 blocks for Pennstation. 5 minutes to the Newark international aeroporto and Newark Port. solid Building all Brick 2 elevator must be updated. 3 floor open must be remodeled
ITS. GROUND LEVEL. SEVEN STORE FRONT.
2 FLOOR. 14 OFFICES
3 FLOOR OPEN FLOOR TO. BE FINISHED
ITS. GROUND LEVEL. SEVEN STORE FRONT.
2 FLOOR. 14 OFFICES
3 FLOOR OPEN FLOOR TO. BE FINISHED
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
42,000 SF
Building Class
C
Year Built
1950
Price
$10,469,400 CAD
Price Per SF
$249.27 CAD
Cap Rate
6%
NOI
$628,164 CAD
Percent Leased
52%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.84
Lot Size
0.34 AC
Zoning
I4
Frontage
141’ on Merchant St
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (82)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 14-01993-0000-00022 | Improvements Assessment | $2,924,838 CAD |
| Land Assessment | $1,143,282 CAD | Total Assessment | $4,068,120 CAD |
PROPERTY TAXES
Parcel Number
14-01993-0000-00022
Land Assessment
$1,143,282 CAD
Improvements Assessment
$2,924,838 CAD
Total Assessment
$4,068,120 CAD
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31-43 Merchant St
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