Contract Signed
1. Commercial for Sale at Lincoln Park, Newark, NJ 07102
NEW JERSEY
NewarkLincoln Park

521 Washington Street, Lincoln Park, Newark, NJ 07102

Lincoln Park, Newark, NJ 07102
$2,200,000
Commercial

Property Description

Solid investment property with an incredible Cap just under 12.5% First 5 Year extension already signed giving investor a total of 6 yrs on current term. An additional 5 year option is included under that same agreement. Income is $275k plus net operating income Full Triple Net Lease Government Program in place and rent is paid monthly direct deposit to landlord.
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PROPERTY DETAILS

  • Exterior
    .09 Acres
  • Property Type
    Commercial
  • MONTHLY REAL ESTATE TAX
    $2,487
  • ANNUAL REAL ESTATE TAX
    $29,838
  • MLS/Listing ID
    22301328
Listing Courtesy of EXP Realty, Aleksandr Pritsker - (732) 688-3819

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