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125-127 Bloomfield Ave Newark, NJ $ 649,000
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$ 649,000 Get more info
125-127 Bloomfield Ave
$ 649,000
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125-127 Bloomfield Ave

Newark, NJ, 07104
$ 649,000
Bedrooms-- Baths-- Sq 614

Monthly Estimate*

$ 4,482

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Commercial Property for sale in Newark, NJ

for $649,000. This 614 square foot building was built on a lot size of 0.07.

A five-unit mixed-use building on Bloomfield Avenue in Newark: two street-level commercial spaces and three apartments, offered at $649,000 with two apartments currently collecting month-to-month rent. The three vacant spaces give an investor room to build income. In one projected scenario - the two commercial spaces leased at their advertised $1,600 asking rents and all three apartments at $1,450 a month - the building would gross $90,600 a year, a projected $62,834 of income after listed expenses and a 5% vacancy allowance, a 9.68% projected cap rate at the asking price. That scenario also assumes the two occupied apartments, now $1,000 and $1,100, reach $1,450 - a step that depends on the existing leases and any applicable restrictions, with no guaranteed route.

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Commercial Active

Price

$ 649,000

Property Type

Commercial

Taxes

$ 16,835

Style

MixedUse

Lot Size

0.07

Town/City

Newark

County/Region

Essex

MLS | Web ID

4063450
Features
General
Sewer Public Sewer
Construction Brick/Block
Heating Baseboard - Hotwater See Remarks
Cooling See Remarks Window A/C(s)
Utilities All Underground
Possession At Closing
Roof Flat
Zoning C2
Year Built 9999
Township Newark City
Property Type Mixed Use MixedUse
Tax Year 2025
Ownership Fee Simple
Location Business District Corner
County Essex
Status Active
Directions From Elm St. to Bloomfield Ave
Number Of Units Total 5
Tax Annual Amount 16835
Drive See Remarks
Leasable Area 0
Standard Status Active
Tax Assessed Value 421000
Town # 1614
Tax Lot 55
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Interior
Basement Finished
Fuel Type Gas-Natural See Remarks
Total Stories 3
Half Baths 0
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Exterior
Water Source Public Water
Exterior Description Brick/Block Vinyl Siding
Building Area Total 0
Lot Dimensions 31.88X95
Lot Size Acres 0.07
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* Excluded Features
List By
TAREK HASSIEB

Listing Agent

Prominent Properties Sir

Broker

Affordability Calculator

$5,885
Per Month
76%
24%
0%
Monthly Principal & Interest
$4,482
Monthly Property Taxes
$1,403
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
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Pricing History
DatePricePrice ChangeDescription
11/6/2026$649,000 Listed Price

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125-127 Bloomfield Ave, Newark, NJ, 07104 is a Commercial Property for sale at $649,000 with 614 sqft and a lot size of 0.07. The property's zip code is 07104 which is in Newark, NJ

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