18-Unit Multifamily
For Sale
Contact for pricing
89 Mt Prospect, Newark, NJ 07104
18 one-bedroom apartments with separate metering for cooking gas and electric, plus a back lot suitable for tenant parking conversion.
Property SizeContact for details
Days on Market124
Property Features for 89 Mt Prospect
General Information
Standard status
Active
Property subtype
Multifamily
Listing Agency:
CBRE - Saddle Brook
Listed By:
Fahri Ozturk · License #NJ 1430421
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 23 at 2:53PM
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 CBRE - Saddle Brook
Investment Insights
Based on property information with market context.
This 18-unit multifamily building offers a residential income configuration of 18 one-bedroom apartments. The property is separately metered for cooking gas and electric. An included rear lot at 88 Garside Street provides additional development and amenity potential for tenant parking, with the lot described as convertible into approximately nine parking spaces.
The building is located off Park Ave in Newark, New Jersey, about 2 miles from Newark Penn Station. The listing notes convenient access to major regional routes including the Garden State Parkway, I-78, and Route 1&9, as well as proximity to Newark Liberty Airport.
For sale with Marcus & Millichap selected as exclusive marketer, the property is currently reported as 95% occupied.
The building is located off Park Ave in Newark, New Jersey, about 2 miles from Newark Penn Station. The listing notes convenient access to major regional routes including the Garden State Parkway, I-78, and Route 1&9, as well as proximity to Newark Liberty Airport.
For sale with Marcus & Millichap selected as exclusive marketer, the property is currently reported as 95% occupied.
Key Highlights
- 18‑unit multifamily building with 18 one‑bedroom apartments, currently 95% occupied
- Separately metered for cooking gas and electric
- Includes 88 Garside Street: a 3,354 SF back lot that can be converted into approximately 9 surface parking spaces
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,322
Businesses Nearby
Explore this area
Business Placement
Demographics for 07104, NJ
54,051
Population
21,762
Households
2.5
Avg Household Size
35
Median Age
21%
College-Educated
71%
High-School Grad
2.5 sq mi
ZIP Area
21,620
Density / Sq Mi
$51,199
Median Household Income
$36,139
Median Earnings
$1,343
Median Rent
$337,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - 18 one-bedroom apartments with separate metering for cooking gas and electric, plus a back lot suitable for tenant parking conversion.
Where is this apartment building located?
The property is located at 89 Mt Prospect Newark, NJ.
What are key features of this property?
This property features: 18‑unit multifamily building with 18 one‑bedroom apartments, currently 95% occupied; Separately metered for cooking gas and electric; Includes 88 Garside Street: a 3,354 SF back lot that can be converted into approximately 9 surface parking spaces
