199 Summer Ave, Newark, NJ 07104
- Added:
- Jun 8, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 9 at 9:06 am
Property Features for 199 Summer Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- .
- Rooms
- Basement
- Basement Y/N
- 1
- Standard status
- Active
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9573
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate
- Roof type
- Flat
- Architectural style
- Other
Listing agent JEANETTE RODRIGUEZ (973) 450-4000
Listing office RE/MAX PROFESSIONALS I 264 WASHINGTON AVENUE, Belleville, NJ (973) 450-4000
Listing date Jun 8, 2026
Copyright © 2026 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.
HighLights
- Two‑unit mixed‑use property built in 1920 with a basement and flat roof
- Ground‑floor commercial space leased to a neighborhood grocery store for $3,550/month with 12 years remaining and 3% annual escalations
- Second‑floor residential unit rents for $2,420.50/month on a month‑to‑month basis; includes 4 bedrooms, 1 full bath, and den/office
- Current monthly rental income totals $5,970.50/month (commercial + residential)
- Low annual taxes reported at $9,573.61
Overview
Located on Summer Ave in Newark City (07104), the property sits on a busy street where it benefits from visibility and consistent pedestrian activity. The listing notes convenient access to major highways, public transportation, and nearby shopping and local amenities, supporting everyday convenience for both customers and residents.
For investors or owner-users looking for a turnkey mixed-use configuration, the existing lease structure on the commercial level provides a longer runway of contracted income while the residential unit’s month-to-month setup may allow for future adjustments. The grocery tenancy is positioned as a stable component of the overall cash flow profile, while the upstairs layout supports a straightforward 4-bedroom rental offering.
Current Use by Public Records
Similar Places Nearby
- All in One — 294 Orange St, Newark, NJ 07103
- Ashley Supermarke — 195 1st St A, Newark, NJ 07107
- Dreamers Supermarket — 71 7th Ave, Newark, NJ 07104
- Shop rite — springfield ave, newark, nj 07102
- Ameuri Supermarket — 173 Sussex Ave, Newark, NJ 07103
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Essex
- State
- New Jersey
- Longitude
- -74.17204
- Latitude
- 40.75838
