Mixed-Use Building with
For Sale
$2,000,000
415 Halsey St #417, Newark, NJ 07102
A ground-floor business space sits beneath residential units along Newark’s Halsey Street corridor.
Property Size5,500 SF
Price / SF$363.64
Days on Market231
Property Features for 415 Halsey St #417
General Information
Standard status
Active
Size
5,500 SF
Property subtype
Commercial
Zoning
Commerical
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Building Details
Building Size
5,500 SF
Buildings
1
Stories
2
Units
2
Listing Agency:
The Thompson Realty Group
(862) 500-3510
Listed By:
Bridget Papino
(551) 804-0839
Source:
Cammarotarealestate
Added: Mar 6
Changed: Oct 22
Last Checked: Oct 22 at 2:14PM
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 The Thompson Realty Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,500-square-foot mixed-use building combines street-level commercial space with residential units above. The property is being sold as-is; the buyer is responsible for inspections, certifications, due diligence, and confirming condition, zoning, and permitted uses with the City of Newark.
The building is on Halsey Street in downtown Newark, near Rutgers University–Newark, NJIT, Newark Penn Station, local restaurants, retail, and cultural venues. Major highways and Newark Liberty International Airport are also nearby, with public transportation access in the surrounding area.
The building is on Halsey Street in downtown Newark, near Rutgers University–Newark, NJIT, Newark Penn Station, local restaurants, retail, and cultural venues. Major highways and Newark Liberty International Airport are also nearby, with public transportation access in the surrounding area.
Key Highlights
- 5,500‑square‑foot mixed‑use building
- Commercial space at street level with residential units above
- Halsey Street location near Rutgers University–Newark, NJIT, and Newark Penn Station
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,990
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,099,800
$2.1M
Cap Rate 7%
$1,499,857
$1.5M
Cap Rate 9%
$1,166,556
$1.2M
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$165.0K $30.00/SF
− Vacancy
−$15.0K −$2.73/SF
EGI
$150.0K $27.27/SF
− OpEx
−$45.0K −$8.18/SF
NOI
$105.0K $19.09/SF
Area
Newark, NJ
Vacancy
9.10%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,099,800
Cap Rate 7%
$1,499,857
Cap Rate 9%
$1,166,556
Alternative Uses
Best Use
Retail
$1.50M
$1.31M – $1.75M
NOI $104,990 @ 7.0% cap · market cap 5.25%
Second Best
Mixed Use
$1.25M
$1.10M – $1.46M
NOI $87,656 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$1.95M
$1.71M – $2.27M
NOI $136,411 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,105
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A ground-floor business space sits beneath residential units along Newark’s Halsey Street corridor.
Where is this mixed-use property located?
The property is located at 415 Halsey St #417 Newark, NJ.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 5,500‑square‑foot mixed‑use building; Commercial space at street level with residential units above; Halsey Street location near Rutgers University–Newark, NJIT, and Newark Penn Station
