48 Van Buren St Newark, NJ 07105
Mixed-use property with retail and office spaces available for sale.
Property Features for 48 Van Buren St
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Lot size
- 0.07 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1965
Listing office BACIA REALTY (201) 840-8000
Listing date Dec 4, 2024
Source Exitrealty
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Investment Insights
Based on property information with market context.
Key Highlights
- Retail market downstairs provides immediate income through March 2025.
- Upstairs offices can be delivered vacant, offering flexibility for your business needs.
- Great opportunity for owner‑user or investor.
Local Financial Insights For Office B
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 | $120.0k | $30.00 |
| − Vacancy | −$28.0k | −$6.99 |
| EGI | $92.0k | $23.01 |
| − OpEx | −$23.0k | −$5.75 |
| NOI | $69.0k | $17.26 |
