276-290 New York Ave Newark, NJ 07105
This exceptional Newark, NJ investment opportunity presents a rare assemblage of three buildings totaling 3,750 to 28,750 square feet on a 19,500 square foot lot. The property features an established banquet hall and restaurant with multiple rooms of varying capacities, a bar, and on-site parking for approximately 20 vehicles. An adjacent mixed-use building includes two three-bedroom apartments, each with a bonus room, and a separate retail space. The property sits on a high-visibility corner lot with 295 feet of frontage at the intersection of New York Avenue and Pulaski Street, offering significant street exposure. The C-2 (Community Commercial) zoning allows for a variety of uses, making this an ideal acquisition for a catering operator seeking expansion or an investor looking to reposition the property for alternative commercial or office applications. The banquet hall can be delivered vacant. This prime location offers easy access to Downtown Newark, Newark Liberty International Airport, and major roadways including Route 9, I-95, and I-78. The three-story buildings offer substantial space and potential for redevelopment or continued operation as a thriving mixed-use complex. This is a unique chance to acquire a well-positioned asset in a growing market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.