746 South 14th Street 0, Newark City, NJ 07103

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Commercial

$11,995,000

746 South 14th Street 0

Newark City, NJ 07103

Courtesy of Compass New Jersey LLC

MLS: Garden State MLS

38,800Sq Ft

Est. Mortgage

$62,016/mo

100% occupied! Calling all Investors! $8.5M assumable loan at 4.98%, 746 S 14th Street located on Newark's West side is now being offered at $11,995,000 for purchase. This new construction 38 unit apartment complex consists of 3 stand alone buildings comprised of 1, 2 and 3 bedroom units. The building has 8 affordable units at 80% AMI. Completed in 2024, the complex offers 26 Parking Spots and sits on .68 Acres. The property has a 30 year tax pilot at fixed 10% and a 30 year rent control waiver. Cap rate is 6% and NOI $744,106.

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