Listing Agency: RE/MAX Professionals 1

Listed By: Jorge Velasquez · License #259491 Show Phone

Source: Tkregroupinc

Added: May 27 Changed: Nov 1 Last Checked: Nov 1 at 4:09PM

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Investment Insights

Based on property information with market context.

At 219 Sussex Avenue, the mixed-use property includes four residential units and a commercial space at ground level. Its configuration brings residential and commercial occupancy together in one building.

The property is in Newark’s University Heights neighborhood, with universities, downtown, public transportation, major highways, and redevelopment activity in the surrounding area. A neighboring property at 221 Sussex Avenue is also available.

Key Highlights

• Four residential units
• One ground‑floor commercial space
• Located in Newark’s University Heights neighborhood

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Carpet & Flooring Store Veterinary Clinic Pet Grooming Service (Bike/Boat/Book/etc) Store Locksmith Pet 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

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

3,087

Businesses Nearby

Explore this area Business Placement

Demographics for 07103, NJ

39,439

Population

13,832

Households

2.9

Avg Household Size

30

Median Age

21%

College-Educated

81%

High-School Grad

2.2 sq mi

ZIP Area

17,927

Density / Sq Mi

$42,397

Median Household Income

$34,278

Median Earnings

$1,289

Median Rent

$259,300

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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Contact for pricing

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The property combines four residential apartments with ground-floor commercial space.

Where is this mixed-use property located?

The property is located at 219 Sussex Avenue Newark, NJ.

What is the lease rate?

The lease rate is $1,350,000.

What are key features of this property?

This property features: Four residential units; One ground‑floor commercial space; Located in Newark’s University Heights neighborhood