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    180 Ferry St Newark, NJ 07105

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    For Sale
    $2,700,000

    Retail property near transportation and airport.

    Property size:
    6,200 SF
    Lot size:
    0.06 Acres

    Property Features for 180 Ferry St

    General Information

    Size
    6,200 SF
    Lot size
    0.06 Acres

    Source: Marcus & Millichap | New Jersey Agent Alan Cafiero

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

    Overview

    Retail Property Near Penn Station

    The retail property is located off the signalized intersection of Ferry Street and Van Buren Street, with a daily traffic volume exceeding 13,700 vehicles. The property is situated within walking distance of Penn Station, providing access to Manhattan. Newark Liberty Airport is located five miles from the premises. The property contains 6,200 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Portugal Agency Insurance Agency International Shipping NJ Shipping Service Anthony Ramos - Keller ... Real Estate Agent

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Gym & Fitness Building Supply 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
    -74.1572023
    Latitude
    40.7288314

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    FAQs

    What type of property is this?
    Storefront property - Retail property near transportation and airport.
    Where is this storefront property located?
    The property is located at 180 Ferry St Newark, NJ.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: - Minutes by foot to Penn Station platform into Manhattan.; - Situated off the signalized intersection of Ferry Street and Van Buren Street.; - Over 13,700 vehicles per day pass by.
    (201) 742-6118
    Request Owner's contact information
    180 Ferry St Newark, NJ 07105
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    Newark, NJ 07105
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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
    180 Ferry St Newark, NJ 07105
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