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    136 Elm St Newark, NJ 07105

    For Sale
    $3,900,000

    Commercial - Newark City, NJ

    Property size:
    5,800 SF
    Lot size:
    0.06 Acres
    Days on Market:
    199
    Last Refresh:
    Dec 11 at 6:06 am

    Property Features for 136 Elm St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    4A
    Size
    5,800 SF
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1930
    Floors in Building
    3
    Number of units
    10
    Building materials
    Block, Brick
    Roof type
    Flat
    Architectural style
    Other

    Real Broker LLC

    Listing agent HOLLAND B. MACK 3RD (855) 450-0442

    Listing date May 27, 2025

    MLS# 3964131 Listing URL

    Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Newark Mixed-Use Investment Opportunity

    This income-producing commercial property is located at the corner of Elm Street and Pacific Street in the Ironbound section of Newark City. The mixed-use building is situated 3 minutes from the Prudential Center and 5 minutes from Newark Penn Station. The property includes 10 units: 8 residential apartments and 2 commercial storefronts. The residential units consist of one 1-bedroom, four 2-bedroom, and three 3-bedroom apartments. Each residential unit features an open-concept layout, connecting the living room and eat-in kitchen, with quartz countertops. Units also include bedrooms, modern bathrooms, in-unit washer and dryer, central air, and forced hot air. The ground floor hosts a flower shop and a restaurant. The property is suitable for investors seeking appreciation and rental income. The building has a total size of 5800 square feet and is located on a lot of 0.06 acres. The zoning is 4A.
    Property Profile Location Intelligence

    Current Use by Public Records

    China Sea Chinese ... Chinese Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.16521
    Latitude
    40.72837

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    FAQs

    What type of property is this?
    Mixed-use property - Income-producing property with 8 apartments and 2 commercial units.
    Where is this mixed-use property located?
    The property is located at 136 Elm St Newark, NJ.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: - Income-producing property with **8 luxury apartments and 2 commercial storefronts**; - Prime location in Newark's Ironbound, near Prudential Center and Newark Penn Station; - High-end residential units featuring **open-concept layouts, quartz countertops, in-unit washer/dryer, central air, and forced hot air**
    (855) 450-0442
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    Newark, NJ 07105
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    136 Elm St Newark, NJ 07105
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