Listing Agency: The Kislak Company Inc Woodbridge m***@kislakrealty.com Show Phone

Listed By: Michael Salomon · License #NJ 1329788

Source: Crexi

Added: Apr 11 Changed: Aug 8 Last Checked: Jul 21 at 3:27PM

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Investment Insights

Based on property information with market context.

The property consists of 17 residential units and one cell tower, providing a combined residential and wireless component in a single ownership structure.

This is a for-sale investment offering multifamily living units alongside a dedicated cell tower asset.

With 17 units in place and the cell tower included as part of the property, the configuration supports a multifaceted income profile for an investor seeking a residential asset with additional tower-related value.

Key Highlights

• 17 residential units
• Included cell tower

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Florist (Bike/Boat/Book/etc) Store Nursing Home Tanning Salon Pet Grooming Service Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

17

Residential units

Location Intelligence

Trade Area within ½ mile

1,907

Businesses Nearby

Explore this area Business Placement

Demographics for 07114, NJ

17,767

Population

4,694

Households

3.8

Avg Household Size

39

Median Age

9%

College-Educated

69%

High-School Grad

7.9 sq mi

ZIP Area

2,249

Density / Sq Mi

$34,167

Median Household Income

$35,916

Median Earnings

$616

Median Rent

$384,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Property offers 17 residential units plus an included cell tower.

Where is this apartment building located?

The property is located at 1183 Broad St Newark, NJ.

What are key features of this property?

This property features: 17 residential units; Included cell tower