Property History
Property Type
Property Type
Property Subtype
Marketing Description
Brand New Luxury 20-Unit Apartment Building for Sale
A rare opportunity to acquire a brand new, fully leased, turnkey apartment building in one of Newark’s most stable rental submarkets. Strong in-place rents, modern construction and proximity to green space and transit make this a high-demand, low-maintenance asset with longterm upside.
Tax Abatement: Five-year approved abatement—
0%, 20%, 40%, 60%, 80% of market taxes over 5
years.
Investment Highlights
- 20 luxury 2BR/1BA units
- New construction (2024)
- 30,192 SF gross building area
- Excellent condition — fully stabilized, fully leased
- Ground floor enclosed parking for 18 vehicles
- 8 electric vehicle charging stations
- Elevator building with secured lobby
- In-unit electric heating and A/C
- Stainless steel appliances, modern kitchens and open layouts
- Sprinkler system and fire alarms throughout
- Reduced Sale Price: $7.3M Over 8% Cap Rate
Loan History
Financial History
Tax History
Contact Information
These phone numbers and email addresses are checked against the litigator and TCPA lists. Report an error
Ownership Information
Zoning
C-1 CommercialNeighborhood CommercialNeighborhood Commercial
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 120 uses
View all 120 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
Property Details
There are no additional details for this property
Contacts
Listing removed on
BY:
Juan Disla
•••.•••.8442
jd@••••••••.com
Map
Comparable Properties
Rental Market Overview
Newark, NJ median rent ******** *** ****** **** *** ******** ***
National median ********
Compare median rents across marketsStudio ********
1 bed ********
2 bed ********
Studio ********
1 bed ********
2 bed ********
Studio ********
1 bed ********
2 bed ********
Newark, NJ (this market)
East Orange, NJ
Harrison, NJ
Does any data look off? Help us improve Crexi by offering your feedback!
