Newark Commercial Property For
34 Foster St Newark, NJ 07114
34 Foster St, Newark, NJ, 07114
$1,999,000
Pending
For Sale
$1,999,000
Pending
Mixed-use property with warehouse and storefront spaces in Newark.
Property Size6,250 SF
Lot Size0.14 Acres
Days on Market179
Property Features for 34 Foster St
General Information
- Standard status
- Pending
- Size
- 6,250 SF
- Lot size
- 0.14 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 9999
Listing Agency
EXP REALTY, LLC
(866) 201-6210
Listed by
CARLIE CARREIRA
Source
Corcoran
Added: Jan 20 Checked: Jul 17 at 3:55 am
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 EXP REALTY, LLC
Investment Insights
Based on property information with market context.
This commercial property is located on Foster Street in Newark, steps from the Lions Gate development. The property includes two warehouse spaces with access from Foster Street, suitable for storage, distribution, or light industrial use. Additionally, the property features three street-level commercial storefronts along Frelinghuysen Avenue, offering visibility and income potential. The property is positioned in a developing area. The property size is 6,250 square feet.
Key Highlights
- Prime location on Foster Street, near the new Lions Gate development.
- Three street‑level commercial storefronts on Frelinghuysen Avenue offer high visibility and income potential.
- Two warehouse spaces with Foster Street access suitable for storage, distribution, or light industrial use.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $187.5k | $30.00 |
| − Vacancy | −$17.1k | −$2.73 |
| EGI | $170.4k | $27.27 |
| − OpEx | −$51.1k | −$8.18 |
| NOI | $119.3k | $19.09 |
6,250 SF · lease $30.00/SF/yr · vacancy 9.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.70M
$1.49M – $1.99M
NOI $119,306 @ 7.0% cap · market cap 5.97%
Second Best
Mixed Use
$1.42M
$1.25M – $1.66M
NOI $99,609 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$2.21M
$1.94M – $2.58M
NOI $155,013 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with warehouse and storefront spaces in Newark.
Where is this mixed-use property located?
The property is located at 34 Foster St Newark, NJ.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Prime location on Foster Street, near the new Lions Gate development.; Three street‑level commercial storefronts on Frelinghuysen Avenue offer high visibility and income potential.; Two warehouse spaces with Foster Street access suitable for storage, distribution, or light industrial use.
