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31-43 Merchant St 42,000 SF 100% Leased Retail Building Newark, NJ 07105 $10,424,925 CAD ($248.21 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
$10,424,925 CAD
Price Per SF
$248.21 CAD
Cap Rate
6%
NOI
$625,495 CAD
Percent Leased
100%
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 | $2,875,173 CAD |
| Land Assessment | $1,123,869 CAD | Total Assessment | $3,999,042 CAD |
PROPERTY TAXES
Parcel Number
14-01993-0000-00022
Land Assessment
$1,123,869 CAD
Improvements Assessment
$2,875,173 CAD
Total Assessment
$3,999,042 CAD
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31-43 Merchant St
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