Newark Warehouse in Ironbound
68 Garden St Newark, NJ 07105
68 Garden St, Newark, NJ, 07105
$1,600,000
For Sale
$1,600,000
4,000 sq ft warehouse in Newark's Ironbound, versatile space.
Property Size4,000 SF
Price / SF$400
Days on Market419
Property Features for 68 Garden St
General Information
- Standard status
- Active
- Size
- 4,000 SF
Building Details
- Year Built
- 9999
Listing Agency
RE/MAX FIRST REALTY II
(908) 664-1500
Listed by
ROCCO LOBRACE
Source
Corcoran
Added: May 29, 2025 Updated: Mar 16 at 9:09 am Checked: Mar 16 at 9:09 am
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 RE/MAX FIRST REALTY II
Investment Insights
Based on property information with market context.
A 4,000 sq ft warehouse is available for sale in the Ironbound section of Newark. The property features ceiling heights between 12 and 18 ft and a 12 ft overhead garage door. The space is suitable for various industrial or commercial uses. Currently, the property operates as a window manufacturing facility. Adjacent properties are also available individually or as a package deal.
Key Highlights
- 4,000 sq ft warehouse in Newark's Ironbound section
- Boasts 12‑18 ft ceilings
- Features a 12 ft overhead garage door
Local Financial Insights For Warehouse
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 | $62.4k | $15.60 |
| − Vacancy | −$3.6k | −$0.90 |
| EGI | $58.8k | $14.70 |
| − OpEx | −$8.8k | −$2.20 |
| NOI | $50.0k | $12.49 |
4,000 SF · lease $15.60/SF/yr · vacancy 5.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$713.8K
$624.6K – $832.7K
NOI $49,964 @ 7.0% cap · market cap 3.12%
Second Best
Industrial
$587.2K
$513.8K – $685.1K
NOI $41,103 @ 7.0% cap · market cap 2.57%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,147 @ 7.0% cap · market cap 6.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Manufacturing properties
Similar For Sale Nearby
Similar Off Market Nearby
- Newark Refrigerated Warehouse: Executive Office — 104 Avenue C, Newark, NJ 07114
- Extra Space Storage — 1239 Broad St, Newark, NJ 07114
- AJC INDUSTRIES LLC — 219 Vanderpool St, Newark, NJ 07114
- South Street Storage — 431 South St, Newark, NJ 07105
- True State Moving Services — 98 Murray St, Newark, NJ 07114
FAQs
What type of property is this?
Warehouse - 4,000 sq ft warehouse in Newark's Ironbound, versatile space.
Where is this warehouse located?
The property is located at 68 Garden St Newark, NJ.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 4,000 sq ft warehouse in Newark's Ironbound section; Boasts 12‑18 ft ceilings; Features a 12 ft overhead garage door
