Multi-Level Retail
118 Market St Newark, NJ 07102
For Sale
Contact for pricing
Retail building offering 2,000 SF on the ground level, 2,000 SF on the second floor, and 1,000 SF in the basement.
Property Size5,000 SF
Price / SF$400
Days on Market335
Property Features for 118 Market St
General Information
Standard status
Active
Size
5,000 SF
Property subtype
RETAIL
Listing Agency:
JA Cohen Advisory Group
(917) 533-8905
Listed By:
Jack A Cohen · License #10491209522
(917) 533-8905
Source:
Moodyscre
Added: Aug 29, 2025
Changed: Jul 25
Last Checked: Jul 28 at 4:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JA Cohen Advisory Group
Investment Insights
Based on property information with market context.
This multi-level retail building is configured with approximately 2,000 SF on the ground level, approximately 2,000 SF on the second floor, and approximately 1,000 SF in the basement. The property presents a straightforward vertical setup for retail operations that may benefit from separate levels.
The asset is located at 118 Market St in Newark, New Jersey. It is offered for sale.
Total building size is approximately 5,000 SF, comprised of the ground level, second floor, and basement spaces described above.
The asset is located at 118 Market St in Newark, New Jersey. It is offered for sale.
Total building size is approximately 5,000 SF, comprised of the ground level, second floor, and basement spaces described above.
Key Highlights
- Retail building at 18 Market Street, Newark, NJ
- 2,000 SF ground level retail space
- 2,000 SF second‑floor space
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $150.0k | $30.00 |
| − Vacancy | −$13.7k | −$2.73 |
| EGI | $136.4k | $27.27 |
| − OpEx | −$40.9k | −$8.18 |
| NOI | $95.4k | $19.09 |
5,000 SF · lease $30.00/SF/yr · vacancy 9.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.36M
$1.19M – $1.59M
NOI $95,445 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $124,010 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
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- Washington Florist Inc — 565 Broad St, Newark, NJ 07102
Frequently Asked Questions
What type of property is this?
Storefront property - Retail building offering 2,000 SF on the ground level, 2,000 SF on the second floor, and 1,000 SF in the basement.
Where is this storefront property located?
The property is located at 118 Market St Newark, NJ.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Retail building at 18 Market Street, Newark, NJ; 2,000 SF ground level retail space; 2,000 SF second‑floor space
