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972 18th Ave 4,489 SF 100% Leased Retail Building Newark, NJ 07106 $782,243 CAD ($174.26 CAD/SF) 11.53% Cap Rate
Investment Highlights
- Recently Obtained NFA.
Executive Summary
Fully leased 4 unit commercial property. Recently obtained NFA for removed oil tank.
Wonderful cash-flower. Separate electric, gas and even water meters. Well-maintained building.
Income and expense figures are accurate. Seller looking for a quick closing and ideally cash offers. Seller is open to owner financing (seller financing) for a qualified purchaser.
Jamaican Restaurant: lease through 12/31/2029 $1,260
Salon: lease through 3/31/2028 $1,700
Corner Restaurant: lease through 9/30/2029 $2,100
Church: MTM $2,000
Wonderful cash-flower. Separate electric, gas and even water meters. Well-maintained building.
Income and expense figures are accurate. Seller looking for a quick closing and ideally cash offers. Seller is open to owner financing (seller financing) for a qualified purchaser.
Jamaican Restaurant: lease through 12/31/2029 $1,260
Salon: lease through 3/31/2028 $1,700
Corner Restaurant: lease through 9/30/2029 $2,100
Church: MTM $2,000
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$120,494
|
$26.84
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$6,025
|
$1.34
|
| Effective Gross Income |
$114,469
|
$25.50
|
| Taxes |
$9,299
|
$2.07
|
| Operating Expenses |
$14,968
|
$3.33
|
| Total Expenses |
$24,267
|
$5.41
|
| Net Operating Income |
$90,203
|
$20.09
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $120,494 |
| Annual Per SF | $26.84 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $6,025 |
| Annual Per SF | $1.34 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $114,469 |
| Annual Per SF | $25.50 |
| Taxes (CAD) | |
|---|---|
| Annual | $9,299 |
| Annual Per SF | $2.07 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $14,968 |
| Annual Per SF | $3.33 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $24,267 |
| Annual Per SF | $5.41 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $90,203 |
| Annual Per SF | $20.09 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,489 SF
Building Class
C
Year Built
1950
Price
$782,243 CAD
Price Per SF
$174.26 CAD
Cap Rate
11.53%
NOI
$90,193 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.90
Lot Size
0.11 AC
Zoning
Commercial - C2
Amenities
- Freeway Visibility
- Restaurant
- Signage
Exceptionally walkable
90/100
Fairly drivable
50/100
Good public transit
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-04050-01-00026 | Total Assessment | $246,722 CAD |
| Land Assessment | $155,082 CAD | Annual Taxes | $9,299 CAD ($2.07 CAD/SF) |
| Improvements Assessment | $91,640 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
14-04050-01-00026
Land Assessment
$155,082 CAD
Improvements Assessment
$91,640 CAD
Total Assessment
$246,722 CAD
Annual Taxes
$9,299 CAD ($2.07 CAD/SF)
Tax Year
2025
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