198 Van Buren St Newark City, NJ ^$ 1,700,000

198 Van Buren St

^$ 1,700,000

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198 Van Buren St

Newark City, NJ, 07105

^$ 1,700,000

Studio Baths0.6

Monthly Estimate*

^$ 11,875

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Studio Commercial Property for sale in Newark City, NJ for $1,700,000 with 6 half baths. The lot size is 0.06.

Location, Location, Location, Corner building on one of the most desired areas of the Ironbound by Independence Park (Park dos mosquitos) Van Buren with Walnut St. In addition to a desired corner location, the building was been tastefully and completely renovated in 2014, 9 ft ceilings, all brand new, central ac/heat, Internet/phone/ cable ready, alarm system and cameras. 1st floor holds a bakery, 2 & 3rd floors have a large 3 bedrooms, 2 baths apartments w/ hardwood floors, granite counter tops and much more. Finished basement with full bath. very LOW TAXES. All separate utilities.

Commercial Active

Price

^$ 1,700,000

Bedrooms

Studio

Half Bath

Property Type

Commercial

Taxes

^$ 9,590

Style

MixedUse

Lot Size

0.06

Town/City

Newark City

County/Region

ESSEX

MLS | Web ID

3882580

Features

General

Sewer Public Sewer

Construction Brick/Block

Heating 3 Units Forced Hot Air

Cooling 3 Units Central Air

Utilities All Underground Electric Gas-Natural

Possession at closing

Roof Flat Rubberized

Zoning mixed

Garage Spaces 2

Year Built 9999

Tenant Pays Electric Heat

Township Newark City

Property Type Mixed Use Store With Apartment MixedUse

Tax Year 2019

Percent Ownership Fee Simple

Location Business District Corner Residential Area

Lease Information 5 Or More Years

Gross Income 91800

County Essex

Subdivision Name Ironbound

Status Active

Directions Corner of Walnut to Van Buren

Total Units 3

Street Name VAN BUREN ST

Tax Annual Amount 9590

Drive 2 Car Width Concrete Driveway-Exclusive

Leasable Area 0

Days on Market 79

Lease Type Net

Standard Status Active

Tax Assessed Value 255000

Town # 1614

Tax Lot 8

Farm Assessment No

Interior

Basement Bilco-Style Door Finished Full Walkout

Flooring Tile Wood

Fuel Type Gas-Natural

Total Stories 4

Half Baths 6

Exterior

Lot Features Backs to Park Land Corner

Water Source Public Water

Exterior Description Brick/Block Vinyl Siding

Building Area Total 5400

Lot Dimensions 30X81.3

Lot Size Acres 0.06

* Excluded Features

List By

DULCE RUIVO

Listing Agent

Re/Max Heritage Properties

Broker

druivo@live.com

Affordability Calculator

$12,674

Per Month

Monthly Principal & Interest: $11,875
Monthly Property Taxes: $799
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% 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 ^$1,104,317

Percent of Sale Price 35%

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
4/10/2024	$1,700,000	-15.00%	Price Down
1/22/2024	$2,000,000		Listed Price

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198 Van Buren St, Newark City, NJ, 07105 is a Commercial Property for sale at $1,700,000 with a lot size of 0.06. 198 Van Buren St is a studio with 0.6 baths. The property's zip code is 07105 which is in Newark City, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% 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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198 Van Buren St

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