175 Ferry StNewark, NJ 07105

Property Details for 175 Ferry St

Lot size

0.05 AC

Property type

Commercial real estate

APN

14 01984-0000-00004

APU

1401984000000004

Description

This exceptional investment property, located at 175 Ferry Street in Newark, New Jersey, presents a compelling opportunity for discerning investors. Priced at $1,650,000, this property offers significant potential for strong returns. While the square footage is currently unavailable, the property's strategic location in Newark makes it an attractive proposition. The property is classified as an investment opportunity, suggesting its suitability for various income-generating strategies. The absence of acreage information indicates the property is likely situated on a smaller lot, typical of urban real estate. Further due diligence is recommended to fully assess the property's potential, including a comprehensive review of its zoning regulations, permitted uses, and potential rental income projections. Given the price point and the property's location within Newark, this represents a potentially lucrative investment for those seeking exposure to the New Jersey market. Interested parties are encouraged to conduct thorough inspections and market research to confirm the property's suitability for their investment goals. The lack of detailed property information underscores the need for a comprehensive due diligence process before making an offer. This property is being offered as-is.

• CAP approach

  CAP return

  Valuation

  6%

  $444,826

  6.5%

  $410,608

  7%

  $381,279

• Comparable approach

  Method

  Valuation

  Relative Method

  $310,187

  Geo Method

  $310,187

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $808,393

  Retail / Commercial

  $414,540

  Mixed-Use / Specialty

  $413,062

  Hospitality / Lodging

  $303,050

  Office

  $410,608

  Institutional / Educational

  $429,418

  Residential Income

  $502,419

  Multifamily

  $602,574

  Automotive / Energy

  $368,073

  Parking / Income-Based Land

  $127,017

  Restaurant / Food Service

  $214,837

  Healthcare / Senior Housing

  $423,587

Location Insight

City

Newark

County

Essex

State

New Jersey

Latitude

40.7286

Longitude

-74.1577

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].