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    198 Jefferson St Newark, NJ 07105

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    For Sale
    $859,000

    Mixed-use property with retail/office space and apartments for sale.

    Lot size:
    0.06 Acres

    Property Features for 198 Jefferson St

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    9999

    Source: ROSA AGENCY Agent MICHAEL ROSA

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

    Overview

    Mixed-Use Property in Ironbound Newark

    This mixed-use property is located in the Ironbound section of Newark. The first floor features a retail or office storefront suitable for office, medical, or retail use. The second floor contains two apartments, offering income potential. The property is suitable for investors or owner-occupants looking for a live/work arrangement. The location provides convenient access to major highways, transportation, shopping, and restaurants.
    Insight Report Location Intelligence

    Current Use by Public Records

    Flagstar Bank Bank

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market 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
    -74.1638876
    Latitude
    40.7260009

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    FAQs

    What type of property is this?
    Live-work space - Mixed-use property with retail/office space and apartments for sale.
    Where is this live-work space located?
    The property is located at 198 Jefferson St Newark, NJ.
    What is the asking price?
    The asking price for this property is $859,000.
    What are key features of this property?
    This property features: - Prime location in the heart of the Ironbound.; - Mixed-use property with retail/office storefront on the first floor.; - Two apartments on the second floor providing income potential.
    (973) 589-7550
    Request Owner's contact information
    198 Jefferson 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
    198 Jefferson St Newark, NJ 07105
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