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    37 Jay St Newark, NJ 07103

    For Sale
    $2,395,000

    Commercial - Newark City, NJ

    Property size:
    11,724 SF
    Lot size:
    0.05 Acres
    Days on Market:
    25
    Last Refresh:
    Dec 13 at 11:06 am

    Property Features for 37 Jay St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Res
    Rooms
    Basement
    Basement Y/N
    1
    Size
    11,724 SF
    Lot size
    0.05 Acres

    Utilities

    Cooling system
    None (Cooling)

    Building Details

    Year built
    1940
    Floors in Building
    3
    Number of units
    12
    Building materials
    Vinyl Siding
    Roof type
    Asphalt, Flat, Shingle
    Architectural style
    Other

    Realty ONE Group Legend (973) 686-7777 [email protected]

    Listing agent SOL CASTANOS (973) 772-0660

    Listing date Nov 19, 2025

    MLS# 3957601 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 Multifamily Investment Opportunity

    An exceptional opportunity exists to acquire a fully occupied, income-generating portfolio in one of Newark's fastest-developing neighborhoods. This rare package deal features four 3-family homes, totaling 12 units, all located on the same block. The properties include 37 Jay Street, 39 Jay Street, 42 Hudson Street, and 46 Hudson Street. Each property is 100% occupied with long-term tenants, offering immediate cash flow. The buildings are in solid condition with low property taxes and low maintenance costs. The current gross income is strong with additional upside through rent optimization. The properties are ideal for 1031 exchange buyers, portfolio investors, or those seeking stable, high-density cash flow in a growth market. The location is steps from Rutgers, NJIT, Essex County College, and major transportation options. The neighborhood is surrounded by new development, infrastructure upgrades, and university expansion, positioning this package for long-term appreciation. The properties, totaling 11724 square feet on a 0.05-acre lot, are sold strictly as-is.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.18262
    Latitude
    40.74815

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    FAQs

    What type of property is this?
    Apartment building - Four fully occupied multifamily properties in Newark's developing neighborhood.
    Where is this apartment building located?
    The property is located at 37 Jay St Newark, NJ.
    What is the asking price?
    The asking price for this property is $2,395,000.
    What are key features of this property?
    This property features: - Fully occupied portfolio of four 3-family homes (12 units total) on the same block, providing immediate cash flow.; - Located in a rapidly developing Newark neighborhood near Rutgers, NJIT, and Essex County College.; - Low property taxes and maintenance costs, ideal for hands-off investors.
    (973) 772-0660
    Request Owner's contact information
    37 Jay St Newark, NJ 07103
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    Newark, NJ 07103
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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
    37 Jay St Newark, NJ 07103
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