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565 Broad St 5 Unit Apartment Building For Sale Newark, NJ 07102
Investment Highlights
- Value-add opportunity through redevelopment or adaptive reuse of existing structure.
- Excellent transit connectivity via NJ Transit, Newark Penn Station, and major highways.
- Adjacent to proposed Ark Tower development with over 300 planned apartments.
Executive Summary
Historic redevelopment located on Broad St. First floor is retail and floors 2-4 have 5 vacant residential units. Pricing Upon Request.
This property appeals to investors and developers seeking to capitalize on Newark’s revitalization and position within a rapidly growing neighborhood. The layout supports a potential renovation or a complete redevelopment scenario, leveraging surrounding momentum from extensive urban renewal and infrastructure upgrades. Exceptional access to NJ Transit, major highways (I-280, Route 21), and Newark Penn Station ensures connectivity to New York City and beyond, enhancing its desirability for future mixed-use or residential repositioning.
This property appeals to investors and developers seeking to capitalize on Newark’s revitalization and position within a rapidly growing neighborhood. The layout supports a potential renovation or a complete redevelopment scenario, leveraging surrounding momentum from extensive urban renewal and infrastructure upgrades. Exceptional access to NJ Transit, major highways (I-280, Route 21), and Newark Penn Station ensures connectivity to New York City and beyond, enhancing its desirability for future mixed-use or residential repositioning.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
1 1
Exceptionally walkable
90/100
Moderately drivable
70/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 14-00022-0000-00023 | Improvements Assessment | $338,806 CAD |
| Land Assessment | $345,941 CAD | Total Assessment | $684,747 CAD |
Property Taxes
Parcel Number
14-00022-0000-00023
Land Assessment
$345,941 CAD
Improvements Assessment
$338,806 CAD
Total Assessment
$684,747 CAD
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565 Broad St
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