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    625 Broad St Newark, NJ 07102

    Sponsored
    For Lease
    $27 SF/Yr

    4,388 SF Class A Office Space

    Lot size:
    400,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 4,388 square foot Class A office sublease in Newark, NJ, is located in a prominent downtown building at 625 Broad Street. The building boasts a modern glass-and-steel design, offering a sleek aesthetic and several stories of commercial office space. Its central location provides easy access to Newark Penn Station and Newark Broad Street Station, offering convenient public transportation via Amtrak, NJ Transit, and PATH trains. Nearby attractions include Military Park, Prudential Center, NJPAC, restaurants, banks, hotels, and cultural institutions like the Newark Museum of Art. The building is also conveniently situated near Rutgers University-Newark and Seton Hall University School of Law. The interior features modern amenities such as conference rooms, a lobby area, and elevators. The building has undergone renovations to maintain its contemporary appeal and functionality, including upgrades to interior design, energy efficiency, and technological infrastructure. Modern security systems, including controlled access and surveillance, ensure the safety of occupants and visitors. This sublease presents a unique opportunity to secure high-quality office space in a vibrant and well-connected urban setting. The total building size is 400,000 square feet, and the space is available as a single tenancy. The property is located in Essex County.

    Property Features for 625 Broad St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    400,000 SF
    Total Rate
    900000

    Unit(s) available at that property

    Space
    Size
    4,388 SF
    Rate per SF
    $27

    HighLights

    • 4,388 SF Class A office sublease available in Newark, NJ.
    • Located in downtown Newark's central business district, near Military Park, Prudential Center, and NJPAC.
    • Excellent public transportation access via Newark Penn Station and Newark Broad Street Station.
    • Surrounded by restaurants, banks, hotels, and cultural institutions, including the Newark Museum of Art, Rutgers University‑Newark, and Seton Hall University School of Law.
    • Modern glass‑and‑steel building with renovated interiors, offering energy‑efficient design and upgraded technology.
    • Features office spaces, conference rooms, a lobby, and elevators; some areas may include shared coworking spaces, cafeteria, or break rooms.
    Property Profile Location Intelligence

    Current Use by Public Records

    J. Scota Designs Fashion Designer CoolVines Newark Liquor Store New Jersey Early ... Adult Education School Simple Financial Agency Insurance Agency Empowered Career Training ... Training Centre

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1699775
    Latitude
    40.740334

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    FAQs

    What type of property is this?
    Office space - 4,388 SF Class A Office Space
    Where is this office space located?
    The property is located at 625 Broad St Newark, NJ.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: 4,388 SF Class A office sublease available in Newark, NJ.; Located in downtown Newark's central business district, near Military Park, Prudential Center, and NJPAC.; Excellent public transportation access via Newark Penn Station and Newark Broad Street Station.
    Request Owner's contact information
    625 Broad St Newark, NJ 07102
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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
    625 Broad St Newark, NJ 07102
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