Mixed-Use BUILDING Ironbound/Newark
Mixed-Use Investment Property – North Ironbound, Newark NJ
Marketing description
Outstanding income-producing mixed-use investment opportunity in the heart of Newark’s highly desirable North Ironbound district.
This property consists of a ground-floor commercial space currently operated as a restaurant and three residential apartments generating steady rental income. Ideal for investors seeking stable cash flow with clear value-add potential.
Property Highlights:
• Approx. 4,500 SF commercial space
• 3 residential apartments – fully occupied, month-to-month tenants
• Strong in-place income with rental upside potential
• Residential units currently below market value
• Current Cap Rate: 6% | Pro Forma Potential: 8%+
• Recently renovated (2023)
• Excellent location near Ferry Street, Penn Station & Downtown Newark
• Surrounded by established restaurants, retail, and residential developments
• Zoning allows mixed-use (retail/commercial with residential)
Investment highlights
• Income-producing mixed-use building with ground-floor commercial space + 3 residential apartments
• Located in North Ironbound, one of Newark’s most vibrant and high-demand areas
• Approx. 4,500 SF commercial space currently operated as a restaurant
• 3 residential units (month-to-month tenants) generating steady income
• Current CAP Rate: 6.0% | Pro Forma CAP Rate: 8%+
• Apartments rented below market value — clear upside opportunity
• Renovated in 2023 — updated systems and improvements
• Surrounded by established restaurants, retail, and residential developments
• Excellent access to Penn Station, Ferry Street & Downtown Newark
• Ideal for 1031 Exchange or long-term income investors
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