Mixed-Use Retail and Residential
For Sale
$2,000,000
415 HALSEY ST, Newark, NJ 07102
Street-level commercial space with residential units above, sold as-is in a downtown Newark corridor location.
Property Size7,250 SF
Price / SF$275.86
Days on Market308
Property Features for 415 HALSEY ST
General Information
Standard status
Active
Size
7,250 SF
Property subtype
General Commercial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$32,595
Amenities
Flat
Commerical
Parking.
On Street.
5000 SF
Central Business District.
Listing Agency:
THE THOMPSON REALTY GROUP
(551) 804-0839
Listed By:
BRIDGET PAPINO
(551) 804-0839
Source:
Xome
Added: Oct 8, 2025
Changed: Aug 8
Last Checked: Aug 10 at 2:39AM
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 located above. The property offers flexible use potential, with permitted uses subject to municipal regulations and zoning verification. The building 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.
Located along the active Halsey Street corridor in downtown Newark, the property benefits from proximity to Rutgers University–Newark, NJIT, Newark Penn Station, and nearby restaurants, retail, and cultural venues. Convenient access to public transportation and major highways is highlighted in the remarks, and Newark Liberty International Airport is also stated as nearby.
For buyers seeking a mixed-use setup with street-level commercial frontage and residential space above, this asset provides a straightforward configuration that can be evaluated for code-compliant uses during the buyer’s due diligence process.
Located along the active Halsey Street corridor in downtown Newark, the property benefits from proximity to Rutgers University–Newark, NJIT, Newark Penn Station, and nearby restaurants, retail, and cultural venues. Convenient access to public transportation and major highways is highlighted in the remarks, and Newark Liberty International Airport is also stated as nearby.
For buyers seeking a mixed-use setup with street-level commercial frontage and residential space above, this asset provides a straightforward configuration that can be evaluated for code-compliant uses during the buyer’s due diligence process.
Key Highlights
- Mixed‑use building with street‑level commercial space and residential units above
- On‑street parking and located in the Central Business District
- 5000 SF lot with flat roof
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
$138,395
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
6.92%
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%
$2,767,900
$2.8M
Cap Rate 7%
$1,977,071
$2.0M
Cap Rate 9%
$1,537,722
$1.5M
Market Conditions
NOI Build-Up for 7,250 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
$217.5K $30.00/SF
− Vacancy
−$19.8K −$2.73/SF
EGI
$197.7K $27.27/SF
− OpEx
−$59.3K −$8.18/SF
NOI
$138.4K $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 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%
$2,767,900
Cap Rate 7%
$1,977,071
Cap Rate 9%
$1,537,722
Alternative Uses
Best Use
Retail
$1.98M
$1.73M – $2.31M
NOI $138,395 @ 7.0% cap · market cap 6.92%
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,355
Businesses Nearby
151k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 32%
Dining 30%
Hotels & Casinos 24%
Apparel 8%
DoubleTree by Hilton Newark Penn Station
Hotels & Casinos
16,051 visits/mo
0.3 miles
Starbucks
Dining
11,346 visits/mo
0.2 miles
Bank of America
Shops & Services
11,294 visits/mo
0.3 miles
BP
Shops & Services
11,278 visits/mo
0.5 miles
Robert Treat Hotel
Hotels & Casinos
10,442 visits/mo
0.3 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?
Mixed-use property - Street-level commercial space with residential units above, sold as-is in a downtown Newark corridor location.
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 with street‑level commercial space and residential units above; On‑street parking and located in the Central Business District; 5000 SF lot with flat roof
