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    13-31 New York Ave Newark, NJ 07105

    Sponsored
    For Lease
    $18 SF/Yr

    Versatile warehouse suites, various sizes available

    Lot size:
    25,806 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Newark, NJ industrial property, located at 13-31 New York Ave (cross streets: New Jersey Railroad Ave and McWhorter St), offers a range of flexible warehouse spaces ideal for diverse business needs. The two-story building, constructed in 1973, encompasses a total of 25,806 square feet and is currently configured for multiple tenants. Available suites range in size from 438 square feet to 6,438 square feet, with specific options including 1,261 and 2,043 square feet currently available. The property's location in Essex County, with easy access via major roadways, makes it strategically advantageous for businesses requiring efficient transportation and logistics. The building's adaptable layout is suitable for various uses, including light manufacturing, storage of materials (such as construction materials, kitchen equipment, refrigerators, machinery, sinks, and deep freezers), and more. This is a prime opportunity to secure a well-situated industrial space in a thriving New Jersey market. The property is zoned for Restaurant and Bar, and General Storefront/Street Retail uses in addition to industrial uses. Contact us to explore leasing options and schedule a viewing.

    Property Features for 13-31 New York Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,806 SF
    Total Rate
    38709

    Building Details

    Year Built
    1973
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 2L
    Size
    2,043 SF
    Rate per SF
    $18

    HighLights

    • 25,806 SF two‑story industrial building in Newark, NJ at 13‑31 New York Ave.
    • Multiple suites available, ranging from 438 SF to 6,438 SF; 1,261 SF and 2,043 SF currently available.
    • Excellent location in Essex County with easy access to major roadways.
    • Suitable for various uses, including light manufacturing and storage.
    • Zoned for industrial, restaurant/bar, and retail uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Spa & Massage Restaurant Dental Office Law Firm Hair Salon Gym & Fitness Nail Salon Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.169317679852
    Latitude
    40.728107499211

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    FAQs

    What type of property is this?
    Individual retail property - Versatile warehouse suites, various sizes available
    Where is this individual retail property located?
    The property is located at 13-31 New York Ave Newark, NJ.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 25,806 SF two-story industrial building in Newark, NJ at 13-31 New York Ave.; Multiple suites available, ranging from 438 SF to 6,438 SF; 1,261 SF and 2,043 SF currently available.; Excellent location in Essex County with easy access to major roadways.
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    Newark, NJ 07105
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    13-31 New York Ave Newark, NJ 07105
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