Listed by Aja Ann Mauceri Coldwell Banker, Caldwell
Bought with Outside Agent Outside Office

$450,000

Est. payment -/mo

$450,000

Est.Price: ?

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53 Summer Newark, NJ 07104

SOLD DATE : 12/16/2022

Key Details

Sold Price $450,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 22009316

Sold Date 12/16/22

Style Retail

Property Description

Location...location...location!!! Amazing opportunity to purchase this mixed use building in Newark on a corner lot! The property offers 2 huge apartments with 4-5 bedrooms in each unit, Eat-In Kitchen, Living Room and Dining Room PLUS a HUGE corner store that once was a deli/supermarket. A pro-forma 10 CAP with a NOI of around $50K. The property is in need of updating, but has great potential in this great neighborhood setting.