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    407 New St Newark, NJ 07103

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    For Sale
    Contact for pricing

    12,000 SF retail building with fenced yard near NJIT.

    Property size:
    12,000 SF
    Lot size:
    0.12 Acres

    Property Features for 407 New St

    General Information

    Size
    12,000 SF
    Lot size
    0.12 Acres

    Source: The Blau & Berg Company Agent Tamara J. Blau

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

    Overview

    Newark Retail Building For Sale

    This property features a vacant building with a total size of approximately 12,000 square feet, situated on a lot of about 0.51 acres identified as Block 1839, Lots 32, 33, and 37. The site benefits from a fenced-in yard, one drive-in access point, and two curb cuts, enhanced by its corner location. It is located down the block from NJIT. The property is zoned NX-1 and had taxes of $3,405 in 2024.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -74.188909
    Latitude
    40.7462394

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    FAQs

    What type of property is this?
    Retail property - 12,000 SF retail building with fenced yard near NJIT.
    Where is this retail property located?
    The property is located at 407 New St Newark, NJ.
    What are key features of this property?
    This property features: - ±12,000 SF Vacant Building on ±0.51 AC; - Corner Location down the block from NJIT; - Fenced-In Yard
    (917) 488-6846
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    407 New 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
    407 New St Newark, NJ 07103
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