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972 18th Ave 4,489 SF 100% Leased Retail Building Newark, NJ 07106 $756,844 CAD ($168.60 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 |
$116,582
|
$25.97
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$5,829
|
$1.30
|
| Effective Gross Income |
$110,752
|
$24.67
|
| Taxes |
$8,997
|
$2.00
|
| Operating Expenses |
$14,482
|
$3.23
|
| Total Expenses |
$23,479
|
$5.23
|
| Net Operating Income |
$87,274
|
$19.44
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $116,582 |
| Annual Per SF | $25.97 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $5,829 |
| Annual Per SF | $1.30 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $110,752 |
| Annual Per SF | $24.67 |
| Taxes (CAD) | |
|---|---|
| Annual | $8,997 |
| Annual Per SF | $2.00 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $14,482 |
| Annual Per SF | $3.23 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $23,479 |
| Annual Per SF | $5.23 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $87,274 |
| Annual Per SF | $19.44 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,489 SF
Building Class
C
Year Built
1950
Price
$756,844 CAD
Price Per SF
$168.60 CAD
Cap Rate
11.53%
NOI
$87,264 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.94
Lot Size
0.11 AC
Zoning
Commercial - C2
Frontage
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 | $240,695 CAD |
| Land Assessment | $151,294 CAD | Annual Taxes | $8,997 CAD ($2.00 CAD/SF) |
| Improvements Assessment | $89,401 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
14-04050-01-00026
Land Assessment
$151,294 CAD
Improvements Assessment
$89,401 CAD
Total Assessment
$240,695 CAD
Annual Taxes
$8,997 CAD ($2.00 CAD/SF)
Tax Year
2025
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