920 Broadway Newark, NJ 07104
9,000 SF warehouse on a 15,000 SF lot.
- Added:
- Nov 19, 2024
- Days on Market:
- 601
- Last Refresh:
- Jun 24 at 7:12 pm
Property Features for 920 Broadway
General Information
- Standard status
- Active
- Size
- 9,000 SF
- Lot size
- 0.34 Acres
- Property subtype
- Industrial
Listing office William F. Connors Agency
Listing date Nov 19, 2024
Source Crexi
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 William F. Connors Agency
Investment Insights
Based on property information with market context.
Key Highlights
- 9,000 sq.ft. +/- warehouse space.
- 15,000 sq.ft. lot.
- Platform for 2 trucks, can handle large trailers.
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 | $165.2k | $18.36 |
| − Vacancy | −$9.6k | −$1.06 |
| EGI | $155.7k | $17.30 |
| − OpEx | −$23.3k | −$2.59 |
| NOI | $132.3k | $14.70 |
Alternative Uses
Property Analytics
Current Use by Public Records
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