Newark Multifamily Investment
37 Jay St, Newark, NJ 07103
Fully occupied portfolio in a rapidly developing Newark neighborhood.
Type:Commercial
Property size:
11,724 SFLot size:
0.05 AcresPrice / SF:
$187/SF- Added:
- Apr 19, 2025
- Days on Market:
- 387
- Last Refresh:
- Apr 5 at 8:26 pm
Property Features for 37 Jay St
General Information
- Standard status
- Active
- Size
- 11,724 SF
- Lot size
- 0.05 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1940
Listing agent SOLEIBI CASTANOS
Listing office REALTY ONE GROUP LEGEND (973) 772-0660
Listing date Apr 19, 2025
Source Corcoran
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All listing content including descriptions, pricing, images are the copyrighted material of REALTY ONE GROUP LEGEND
HighLights
- Fully occupied, income‑generating portfolio of four 3‑family homes (12 units) on the same block, offering immediate cash flow.
- Located in a rapidly developing Newark neighborhood near Rutgers, NJIT, and Essex County College, with new development and infrastructure upgrades.
- Strong current gross income with potential for increased revenue through rent optimization.
- Low property taxes and low maintenance costs, ideal for hands‑off investment.
- Suitable for 1031 exchange buyers, portfolio investors, or those seeking stable, high‑density cash flow.
- Buildings are in solid condition.
Overview
This is an opportunity to acquire a fully occupied, income-generating portfolio in one of Newark's fastest-developing neighborhoods. This package deal features four 3-family homes, totaling 12 units, all located on the same block. The properties include 37 Jay Street, 39 Jay Street, 42 Hudson Street, and 46 Hudson Street. Each property is 100% occupied with long-term tenants, offering immediate cash flow. The buildings are in solid condition with low property taxes and low maintenance costs. The current gross income is strong with additional upside through rent optimization. This is suited for 1031 exchange buyers, portfolio investors, or those seeking stable, high-density cash flow in a growth market. The properties are located steps from Rutgers, NJIT, Essex County College, and major transportation options. The neighborhood is surrounded by new development, infrastructure upgrades, and university expansion, positioning this package for long-term appreciation. The properties will be sold strictly as-is.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Essex
- State
- New Jersey
- Longitude
- -74.1827
- Latitude
- 40.7482
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Fully occupied portfolio in a rapidly developing Newark neighborhood.
Where is this apartment building located?
The property is located at 37 Jay St Newark, NJ.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Fully occupied, income‑generating portfolio of four 3‑family homes (12 units) on the same block, offering immediate cash flow.; Located in a rapidly developing Newark neighborhood near Rutgers, NJIT, and Essex County College, with new development and infrastructure upgrades.; Strong current gross income with potential for increased revenue through rent optimization.
