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Multifamily | 5 Properties | 31 Units 5 Multifamily Properties Offered at $10,772,832 CAD in Newark, NJ
Investment Highlights
- great location
Executive Summary
Rare opportunity to acquire a five-property multifamily portfolio in Newark's East Ward , totaling 31 units and generating a combined NOI of $519,572 on a 6.64% blended cap rate. The portfolio includes 369 E Kinney Street (6 units), 237 Astor Street (6 units), 204 Parkhurst Street (5 units), 99 Pulaski Street (7 units, including two ground-floor commercial spaces), and 51 Richards Street (7 units). Combined gross annual income is $667,284 with $7,820,000 in total asking price across all five assets, or $252,258 per unit blended.
Each building offers stable, market-rate rents with strong upside through continued lease renewals and select unit turnover. The portfolio is ideal for an investor seeking immediate cash flow and scale in a single close, with the flexibility to hold long-term or reposition individual assets. Properties may also be considered for sale separately.
Each building offers stable, market-rate rents with strong upside through continued lease renewals and select unit turnover. The portfolio is ideal for an investor seeking immediate cash flow and scale in a single close, with the flexibility to hold long-term or reposition individual assets. Properties may also be considered for sale separately.
Data Room Click Here to Access
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual (CAD) |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $10,772,832 CAD | Status | Active |
| Price / SF | $333.90 CAD / SF | Number of Properties | 5 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 5 |
| Cap Rate | 6.64% | Total Building Size | 32,264 SF |
| Sale Type | Investment | Total Land Area | 0.31 AC |
| Price | $10,772,832 CAD |
| Price / SF | $333.90 CAD / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 6.64% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 5 |
| Total Building Size | 32,264 SF |
| Total Land Area | 0.31 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 204 Parkhurst St, Newark, NJ 07114 | Multifamily | 9,999 SF | 1970 | $1,570,464 CAD |
| 237 Astor St, Newark, NJ 07114 | Multifamily | 6,264 SF | 1950 | $1,963,080 CAD |
| 99 Pulaski St, Newark, NJ 07105 | Multifamily | 6,207 SF | 1985 | $3,023,832 CAD |
| 51 Richards St, Newark, NJ 07105 | Multifamily | 5,775 SF | 1930 | $2,362,584 CAD |
| 369 E Kinney St, Newark, NJ 07105 | Multifamily | 4,019 SF | - | $1,852,872 CAD |
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Multifamily | 5 Properties | 31 Units
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