1042-1044 Bergen St Newark City, NJ ^$ 1,200,000

1042-1044 Bergen St

^$ 1,200,000

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1042-1044 Bergen St

Newark City, NJ, 07112

^$ 1,200,000

Studio Baths0.4

Monthly Estimate*

^$ 7,976

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Studio Commercial Property for sale in Newark City, NJ for $1,200,000 with 4 half baths. This building was built in 2009 on a lot size of 0.08.

This is a great investment opportunity to own a mix-used building with high ROI in a nice neighborhood in Newark, NJ. The building was constructed in 2009 by current owner with a restaurant on first floor and three apartments (Studio, 1-bedroom, 2-bedroom) on second floor. The restaurant just signed a 10 year lease, providing carryout and dine-in services. Apartments are newly painted and are rented now. Close to schools, hospital, parks, and airport. Easy access to major highways. Financial statements are available upon request.

Commercial Active

Price

^$ 1,200,000

Bedrooms

Studio

Half Bath

Property Type

Commercial

Taxes

^$ 13,916

Style

Restarnt

Lot Size

0.08

Year Built

2009

Town/City

Newark City

County/Region

ESSEX

MLS | Web ID

3880321

Features

General

Sewer Public Sewer

Construction Brick/Block Wood

Heating 4+ Units Forced Hot Air Multi-Zone

Cooling 4+ Units Central Air Multi-Zone Cooling

Utilities Electric Gas-Natural

Possession TBD

Roof Asphalt Shingle

Zoning COM

Year Built 2009

Township Newark City

Property Type Mixed Use Restaurant Store With Apartment Restarnt

Tax Year 2022

Percent Ownership Fee Simple

Location Business District

County Essex

Status Active

Directions Bergen St between Lyons Ave and Lehigh Ave

Total Units 4

Street Name Bergen St

Tax Annual Amount 13916

Drive On-Street Parking

Leasable Area 0

Days on Market 3

Standard Status Active

Tax Assessed Value 372500

Town # 1614

Tax Lot 20

Interior

Flooring Tile Wood

Fuel Type Gas-Natural

Total Stories 2

Half Baths 4

Exterior

Water Source Public Water

Exterior Description Brick/Block Vinyl Siding

Building Area Total 0

Lot Dimensions 38X90.5

Lot Size Acres 0.08

* Excluded Features

List By

BINGHU ZHANG

Listing Agent

Western-Eastern Realty

Broker

BenZhangRealty@gmail.com

Affordability Calculator

$9,135

Per Month

Monthly Principal & Interest: $7,976
Monthly Property Taxes: $1,160
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Newark, NJ

Average List Price ^$1,411,461

Percent of Sale Price 18%

About Newark, NJ

283,201 Population

4% Since 2002

^$35,768 Median Income

34.98 Median Age

34% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

291163 Elementary School

291353 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/5/2024	$1,200,000		Listed Price

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1042-1044 Bergen St, Newark City, NJ, 07112 is a Commercial Property for sale at $1,200,000 with a lot size of 0.08. 1042-1044 Bergen St is a studio with 0.4 baths and was built in 2009. The property's zip code is 07112 which is in Newark City, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

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