Newark City, NJ 07105 98-100 Ferry St
$1,900,000
Pending
Presented By: NENO-ROSA AGENCY; 201-997-7860
- MLS# 3947848
- 02/26/2025
Disclaimer: The information contained in this listing has not been verified by MyHouseNJ.com and should be verified by the buyer.
Home Details
Ironbound - 10 Apartments and 2 Retail Stores (Hardware & Jewelry Store) - Value Add Investment Property Featuring 3 - 1 Bedroom Apartments and 7 - 2 Bedroom (Rail Road Style) Apartments. All Residential Apartments are Below Market Value and Subject to Rent Control. All Tenants are Month to Month. Owner pays for Heat (Oil) and Hot Water for Entire Building. Three Story Building w/ Approximately 8,664 Sq. Ft. Built Around 1940 and Zoned C-2. Centrally Located and Minutes By Foot to Penn Station.
Presented By: NENO-ROSA AGENCY; 201-997-7860
Interior Features for 98-100 Ferry St
Bathrooms
Half Baths
Other Interior Features
Price Per Sq Ft220.00
Available Sq Ft0
Num 2 Bdrm Units7
Num 1 Bdrm Units3
BasementUnfinished
Fuel TypeOil Tank Below Ground
Total Stories3
General for 98-100 Ferry St
ConstructionBrick/Block
CoolingWindow A/C(s)
CountyEssex
DirectionsBetween Jefferson and Congress
Documents AvailableIncome & Expenses
DriveNone
EasementUnknown
Equipment AvailableSee Remarks
Garage Spaces
Gross Income139728
Heating1 Unit, Radiators - Steam
Leasable Area
LocationBusiness District
Net Operating Income38307
Num Apts10
Number Of Units Total12
Operating Expense101421
OwnerPaysHeat, Hot Water, Maintenance-Common Area, Oil
OwnershipFee Simple
Possession31-60
Property TypeMixed Use, See Remarks, Store With Apartment
Property TypeMixedUse
RoofFlat
SewerPublic Sewer
Standard StatusUnder Contract
StatusUnder Contract
Tax Annual Amount30107
Tax Assessed Value693800
Tax Lot41
Tax Year2024
Town #1614
TownshipNewark City
UtilitiesSee Remarks
Year Built1940
ZoningCom/Res
Exterior for 98-100 Ferry St
Building Area Total8664
Exterior DescriptionBrick/Block
Lot Dimensions40X119.6
Lot FeaturesLevel Lot
Lot Size Acres0.11
Max Ceiling Height0
Max Door Height0
Number of Bays0
Number of Docks0
Total Parking0
Water SourcePublic Water
Additional Details
Price History
