Mixed-Use Building with Commercial
For Sale
$799,000
52 Holland St, Newark, NJ 07103
A two-level residence sits above open commercial space with bar seating, multiple restrooms, and a commercial kitchen.
Property Size4,364 SF
Price / SF$183.09
Days on Market103
Property Features for 52 Holland St
General Information
Standard status
Active
Size
4,364 SF
Property subtype
Commercial
Site & Location
Neighborhood
West Side
Additional Details
Condition
Turnkey
Sprinkler System
Yes
Property Use
Mixed Use
Amenities
extra high ceilings
expansive open areas
bar seating
commercial kitchen
multiple restrooms
Building Details
Building Size
4,364 SF
Year Built
2024
Buildings
1
Stories
3
Units
2
Abandoned
No
Listing Agency:
Exp Realty, LLC
Listed By:
Mordy Abelesz · License #17525
(866) 201-6210
Source:
Culturaunitedrealty
Added: Jul 14
Changed: Oct 23
Last Checked: Oct 23 at 10:17AM
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 Exp Realty, LLC
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Investment Insights
Based on property information with market context.
Completed in 2024, this mixed-use property combines approximately 2,394 square feet of ground-floor commercial space with a two-level residence above. The commercial area has high ceilings, broad open space, bar seating, a commercial kitchen, and multiple restrooms. The upper residence includes six bedrooms, 2.5 bathrooms, a large kitchen, and a spacious living area. HVAC, washer and dryer hookups, and a full sprinkler system are also included.
The ground-floor space is described as suited to restaurant, private event, office, medical, and professional service uses. A five-year tax abatement begins in 2025.
The ground-floor space is described as suited to restaurant, private event, office, medical, and professional service uses. A five-year tax abatement begins in 2025.
Key Highlights
- Approximately 2,394 square feet of ground‑floor commercial space
- Upper residence spans two levels and has 6 bedrooms and 2.5 baths
- Commercial area includes a kitchen, bar seating, high ceilings, and multiple restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,246
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,324,920
$1.3M
Cap Rate 7%
$946,371
$946.4K
Cap Rate 9%
$736,067
$736.1K
Market Conditions
NOI Build-Up for 4,364 SF
Gross rent
$120.4K $27.60/SF
− Vacancy
−$14.5K −$3.31/SF
EGI
$106.0K $24.29/SF
− OpEx
−$39.7K −$9.11/SF
NOI
$66.2K $15.18/SF
Area
ZIP 07103
Vacancy
12.00%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,324,920
Cap Rate 7%
$946,371
Cap Rate 9%
$736,067
Alternative Uses
Best Use
Mixed Use
$946.4K
$828.1K – $1.10M
NOI $66,246 @ 7.0% cap · market cap 8.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,261 @ 7.0% cap · market cap 13.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
2,396
Businesses Nearby
Explore this area
Business Placement
Demographics for 07103, NJ
39,439
Population
13,832
Households
2.9
Avg Household Size
30
Median Age
21%
College-Educated
81%
High-School Grad
2.2 sq mi
ZIP Area
17,927
Density / Sq Mi
$42,397
Median Household Income
$34,278
Median Earnings
$1,289
Median Rent
$259,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A two-level residence sits above open commercial space with bar seating, multiple restrooms, and a commercial kitchen.
Where is this mixed-use property located?
The property is located at 52 Holland St Newark, NJ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Approximately 2,394 square feet of ground‑floor commercial space; Upper residence spans two levels and has 6 bedrooms and 2.5 baths; Commercial area includes a kitchen, bar seating, high ceilings, and multiple restrooms
