Mixed-Use Building with Street
415 Halsey St Newark, NJ 07102
415 Halsey St, Newark, NJ, 07102
$2,000,000
For Sale
$2,000,000
Street-level commercial space with residential units above, located on a highly active downtown corridor.
Property Size7,250 SF
Price / SF$275.86
Days on Market138
Property Features for 415 Halsey St
General Information
- Standard status
- Active
- Size
- 7,250 SF
- Property subtype
- Commercial
Listing agency
THE THOMPSON REALTY GROUP
(862) 500-3510
Listed by
BRIDGET PAPINO
Source
Corcoran
Added: Mar 7 Updated: Jul 22 at 10:58PM Checked: Jul 22 at 10:58PM
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
Investment Insights
Based on property information with market context.
This mixed-use building includes street-level commercial space with residential units above. The property is being sold as-is, and the buyer is responsible for all inspections, certifications, and due diligence, including verification of property condition, zoning, and permitted uses with the City of Newark.
The building is situated along the Halsey Street corridor in downtown Newark, with close proximity to Rutgers University–Newark, NJIT, Newark Penn Station, and nearby restaurants, retail, and cultural venues. The location also provides convenient access to public transportation and is described as being near major highways and Newark Liberty International Airport.
With its combined retail and residential configuration, the property offers flexible use potential subject to municipal regulations and zoning verification.
The building is situated along the Halsey Street corridor in downtown Newark, with close proximity to Rutgers University–Newark, NJIT, Newark Penn Station, and nearby restaurants, retail, and cultural venues. The location also provides convenient access to public transportation and is described as being near major highways and Newark Liberty International Airport.
With its combined retail and residential configuration, the property offers flexible use potential subject to municipal regulations and zoning verification.
Key Highlights
- Mixed‑use building on Halsey Street with street‑level commercial space and residential units above
- Located in downtown Newark along a highly active pedestrian corridor for strong street‑level activity
- Close to Rutgers University–Newark, NJIT, and Newark Penn Station
Local Financial Insights For Specialty 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 | $226.2k | $31.20 |
| − Vacancy | −$18.1k | −$2.50 |
| EGI | $208.1k | $28.70 |
| − OpEx | −$52.0k | −$7.18 |
| NOI | $156.1k | $21.53 |
7,250 SF · lease $31.20/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.23M
$1.95M – $2.60M
NOI $156,078 @ 7.0% cap · market cap 7.80%
Second Best
Mixed Use
$1.65M
$1.44M – $1.93M
NOI $115,547 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$2.57M
$2.25M – $3.00M
NOI $179,815 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bars & Pubs
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Street-level commercial space with residential units above, located on a highly active downtown corridor.
Where is this mixed-use property located?
The property is located at 415 Halsey St 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: Mixed‑use building on Halsey Street with street‑level commercial space and residential units above; Located in downtown Newark along a highly active pedestrian corridor for strong street‑level activity; Close to Rutgers University–Newark, NJIT, and Newark Penn Station
