Equipped Conventional
New
For Sale
$125,000
16 Green St, Newark, NJ 07102
Operating deli with commercial equipment, refrigeration, POS, and weekday morning-to-afternoon service.
Property Size850 SF
Price / SF$147.06
Days on Market7
Property Features for 16 Green St
General Information
Standard status
Active
Size
850 SF
Property subtype
Business Opportunity
Additional Details
Business Included
Yes
Equipment Included
Yes
Listing Agency:
EXIT REALTY LUCKY ASSOCIATES
(973) 817-7700
Listed By:
MARILENE OLIVEIRA
Source:
Luminancerealty
Added: Aug 23
Changed: Aug 28
Last Checked: Aug 29 at 12:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXIT REALTY LUCKY ASSOCIATES
Investment Insights
Based on property information with market context.
This conventional restaurant is operated as a deli and is being offered with its inventory and installed operating equipment. Included items comprise a gas griddle and range with suppression system, commercial fryer, sandwich preparation station, refrigeration, refrigerated display cases, POS system, and alarm system. The business currently serves customers Monday through Friday from 7 AM to 3 PM, and the seller is willing to provide training.
The property is located at 16 Green St in downtown Newark, next to Newark City Hall and the Municipal Complex. Prudential Center is also identified in the immediate surrounding context, providing a nearby major destination. The offering is structured as a sale, with negotiable terms.
The property is located at 16 Green St in downtown Newark, next to Newark City Hall and the Municipal Complex. Prudential Center is also identified in the immediate surrounding context, providing a nearby major destination. The offering is structured as a sale, with negotiable terms.
Key Highlights
- Commercial restaurant operated as a deli
- Sale includes inventory and operating equipment
- Gas griddle/range with suppression system and commercial fryer included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$8,744
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$174,880
$174.9K
Cap Rate 7%
$124,914
$124.9K
Cap Rate 9%
$97,156
$97.2K
Market Conditions
NOI Build-Up for 850 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$13.3K $15.60/SF
− Vacancy
−$769 −$0.90/SF
EGI
$12.5K $14.70/SF
− OpEx
−$3.7K −$4.41/SF
NOI
$8.7K $10.29/SF
Area
Newark, NJ
Vacancy
5.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$174,880
Cap Rate 7%
$124,914
Cap Rate 9%
$97,156
Alternative Uses
Best Use
Specialty Retail
$261.4K
$228.7K – $305.0K
NOI $18,299 @ 7.0% cap · market cap 14.64%
Second Best
Industrial
$124.9K
$109.3K – $145.7K
NOI $8,744 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$301.2K
$263.5K – $351.4K
NOI $21,082 @ 7.0% cap · market cap 16.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
5,920
Businesses Nearby
208k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 36%
Hotels & Casinos 12%
Apparel 6%
McDonald's
Dining
45,223 visits/mo
0.3 miles
DoubleTree by Hilton Newark Penn Station
Hotels & Casinos
16,051 visits/mo
0.4 miles
Exxon
Shops & Services
11,797 visits/mo
0.2 miles
Starbucks
Dining
11,346 visits/mo
0.5 miles
Bank of America
Shops & Services
11,294 visits/mo
0.5 miles
Demographics for 07102, NJ
15,047
Population
6,574
Households
2.3
Avg Household Size
34
Median Age
30%
College-Educated
82%
High-School Grad
1.1 sq mi
ZIP Area
13,679
Density / Sq Mi
$37,093
Median Household Income
$42,234
Median Earnings
$1,141
Median Rent
$293,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating deli with commercial equipment, refrigeration, POS, and weekday morning-to-afternoon service.
Where is this conventional restaurant located?
The property is located at 16 Green St Newark, NJ.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Commercial restaurant operated as a deli; Sale includes inventory and operating equipment; Gas griddle/range with suppression system and commercial fryer included
