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660 Mount Prospect Ave 3,521 SF 100% Leased Retail Building Newark, NJ 07104 $1,679,218 CAD ($476.92 CAD/SF) 6.83% Cap Rate
Investment Highlights
- Busy Commercial & Residential Area
- Close to Public Transportation
Executive Summary
Great Investment Oportunity in the Progressive Forest Hills Section of Newark NJ. This fully leased mixed use property generates a healthy monthly income and is located on a busy street with easy access to public transportation, shopping, restaurants, schools, parks and more. Property is well mantained and tenants pay their own heat, hot water, gas & electric utilities. Consists of one store and 4 apartments.
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,521 SF
Building Class
C
Year Built
1940
Price
$1,679,218 CAD
Price Per SF
$476.92 CAD
Cap Rate
6.83%
NOI
$114,715 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.81
Lot Size
0.10 AC
Zoning
commerical - Commercial
Frontage
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-00737-0000-00013 | Improvements Assessment | $357,961 CAD (2025) |
| Land Assessment | $113,612 CAD (2025) | Total Assessment | $471,573 CAD (2025) |
Property Taxes
Parcel Number
14-00737-0000-00013
Land Assessment
$113,612 CAD (2025)
Improvements Assessment
$357,961 CAD (2025)
Total Assessment
$471,573 CAD (2025)
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660 Mount Prospect Ave
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