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660 Mount Prospect Ave Newark, NJ $ 1,225,000
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$ 1,225,000 Get more info
660 Mount Prospect Ave
$ 1,225,000
Back to search
Share Save

660 Mount Prospect Ave

Newark, NJ, 07104
$ 1,225,000
Bedrooms-- Baths-- Sq 3,521

Monthly Estimate*

$ 7,642

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Commercial Property for sale in Newark, NJ

for $1,225,000 with 5 half baths. This 3,521 square foot building was built in 1940 on a lot size of 0.1.

Great Investment Oportunity in the Progressive Forest Hills Section of Newark NJ. This fully leased mixed use property generates a healthy monthly income and is located on a busy street with easy access to public transportation, shopping, restaurants, schools, parks and more.

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Commercial Active

Price

$ 1,225,000

Half Bath

5

Property Type

Commercial

Taxes

$ 13,196

Style

MixedUse

Lot Size

0.1

Year Built

1940

Town/City

Newark

County/Region

Essex

MLS | Web ID

3964528
Features
General
Sewer Public Sewer
Construction Brick/Block
Heating 4+ Units
Cooling 1 Unit
Utilities Electric Gas In Street
Possession at closing
Roof Flat
Zoning Commercial
Year Built 1940
Tenant Pays Electric Gas Heat Hot Water
Township Newark City
Property Type Mixed Use MixedUse
Tax Year 2024
Ownership Fee Simple
Location Business District See Remarks
Lease Information See Remarks
Gross Income 121322
County Essex
Net Operating Income 83686
Operating Expense 37636
Status Active
Directions Between Heller Pkwy and Elwood Ave E. on Mount Prospect Ave
Number Of Units Total 5
Tax Annual Amount 13196
Drive None
Leasable Area 0
Standard Status Active
Tax Assessed Value 347000
Town # 1614
Tax Lot 13
Cap Rate 6.20
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Interior
Basement Storage Unfinished
Fuel Type Electric Gas-Natural
Total Stories 3
Half Baths 5
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Exterior
Water Source Public Water
Exterior Description Brick/Block
Building Area Total 4373
Lot Dimensions 35X125
Lot Size Acres 0.10
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* Excluded Features
List By
RICARDO GARCIA

Listing Agent

Re/Max Villa Realtors

Broker

rg2019216202@gmail.com

Email

Affordability Calculator

$8,742
Per Month
87%
13%
0%
Monthly Principal & Interest
$7,642
Monthly Property Taxes
$1,100
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
291163 Elementary School
291353 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/19/2025$1,225,000 -2.00% Price Down
6/7/2025$1,250,000 -7.41% Price Down
5/21/2025$1,350,000 Listed Price

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660 Mount Prospect Ave, Newark, NJ, 07104 is a Commercial Property for sale at $1,225,000 with 3,521 sqft and a lot size of 0.1. 660 Mount Prospect Ave was built in 1940. The property's zip code is 07104 which is in Newark, NJ

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