Mixed-Use Retail and Residential
415 HALSEY ST Unit 417 Newark, NJ 07102
415 HALSEY ST Unit 417, Newark, NJ, 07102
$2,000,000
For Sale
$2,000,000
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 Market187
Property Features for 415 HALSEY ST Unit 417
General Information
- Standard status
- Active
- Size
- 7,250 SF
- Property subtype
- General Commercial
Listing agency
THE THOMPSON REALTY GROUP
(551) 804-0839
Listed by
BRIDGET PAPINO
(551) 804-0839
Source
Xome
Added: Jan 15 Updated: Jul 20 at 10:29PM Checked: Jul 21 at 3:53AM
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
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 | $217.5k | $30.00 |
| − Vacancy | −$19.8k | −$2.73 |
| EGI | $197.7k | $27.27 |
| − OpEx | −$59.3k | −$8.18 |
| NOI | $138.4k | $19.09 |
7,250 SF · lease $30.00/SF/yr · vacancy 9.10% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
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 Unit 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: 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
