Newark City, NJ 07106 203 Alexander St
$675,000
14 more
Presented By: EXIT REALTY LUCKY ASSOCIATES; 973-817-7700
- MLS# 3949354
- 03/03/2025
Disclaimer: The information contained in this listing has not been verified by MyHouseNJ.com and should be verified by the buyer.
Full/Half Baths • 0 / 5
Home Details
Fully occupied 5000+ sq.ft. retail complex on the busy corner of 18th ave and Alexander st. Total of four units. Very well maintained building. Tenants pay separate utilities. Current tenants include a salon, two restaurants, and house of worship. Plenty of basement space for storage. Located near multiple apartment buildings, grocery stores, and multiple bus stops which generate a lot of residential foot traffic. Billboard on the building provides additional income. All tenants are in good standing.
Presented By: EXIT REALTY LUCKY ASSOCIATES; 973-817-7700
Interior Features for 203 Alexander St
Bedrooms
Num 4 Bed Units
Bathrooms
Num Units w/Full Bath0
Num Units w/Half Bath
Half Baths5
Other Interior Features
Price Per Sq Ft172.00
Available Sq Ft0
Num 3 Bdrm Units0
Num 2 Bdrm Units0
Num 1 Bdrm Units
BasementStorage
Fuel TypeGas-Natural
Total Stories1
General for 203 Alexander St
Cap Rate7.00
ConstructionBrick/Block
CoolingHeatpump, No Cool, Wall A/C Unit(s)
CountyEssex
Directionscorner of Alexander and 18th ave
Documents AvailableIncome & Expenses, Leases, Survey
DriveOn-Street Parking
EasementUnknown
Equipment AvailableSee Remarks
Garage Spaces
Gross Income73428
Heating4+ Units
Leasable Area
LocationBusiness District, Residential Area
Net Operating Income50474
Num Apts
Number Of Units Total4
Operating Expense22954
OwnershipFee Simple
Possessionclosing
Property TypeRetail Complex
Property TypeRetail Complex
RoofFlat
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount6655
Tax Assessed Value175000
Tax Lot26
Tax Year2024
Town #1614
TownshipNewark City
UtilitiesGas In Street
Utilities Paid ByTenant
Year Built9999
ZoningC2
Exterior for 203 Alexander St
Building Area Total5200
Exterior DescriptionBrick/Block
Lot Dimensions50X100
Lot FeaturesCorner
Lot Size Acres0.11
Max Ceiling Height10
Max Door Height7
Number of Bays0
Number of Docks0
Number of Doors0
Total Parking0
Water SourcePublic Water
Additional Details
Price History
