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    764-768 Broad St Newark, NJ 07102

    For Sale
    $4,500,000

    42,669 SF historic building suitable for mixed-use redevelopment.

    Property size:
    42,669 SF
    Lot size:
    0.27 Acres

    Property Features for 764-768 Broad St

    General Information

    Size
    42,669 SF
    Lot size
    0.27 Acres

    Source: RIPCO Real Estate - New Jersey Agent Jerry Joseph

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Newark Landmark Redevelopment Opportunity

    The Howard Savings Institution building, a Newark landmark, presents a redevelopment opportunity. This building, one of New Jersey’s oldest banks, features Neoclassical architecture. Designed by George E. Post, who also built the New York Stock Exchange, the property has a rich history as the former financial heart of Newark. The 42,669 SF building offers high ceilings and 75 feet of frontage on Broad Street. It is part of Newark’s Living Downtown Redevelopment Plan, which is designated for mixed-use development. The property is located a half-mile or 11-minute walk from Newark Penn Station, and one mile from North Broad Street Station. It is also minutes away from Route 21 and 280, providing access to New York City. The building is surrounded by a retail and corporate landscape featuring local and national retailers and corporate headquarters, including FootLocker, Nike Outlet, Whole Foods, Audible, Prudential, Panasonic, JD Sports, Horizon Blue Cross Blue Shield, Snipes, GameStop, and The Prudential Center.
    Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1715134
    Latitude
    40.7361419

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    FAQs

    What type of property is this?
    Bank - 42,669 SF historic building suitable for mixed-use redevelopment.
    Where is this bank located?
    The property is located at 764-768 Broad St Newark, NJ.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: - Historic Landmark: Iconic Neoclassical architecture by George E. Post (designer of the New York Stock Exchange) offers unique redevelopment opportunity.; - Prime Location: Part of Newark's Living Downtown Redevelopment Plan, designated for mixed-use development.; - Excellent Accessibility: Close proximity to Newark Penn Station, North Broad Street Station, Route 21, and 280, providing easy access to New York City.
    (201) 777-2300
    Request Owner's contact information
    764-768 Broad St Newark, NJ 07102
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    Newark, NJ 07102
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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
    764-768 Broad St Newark, NJ 07102
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