Property profile

625 Broad St Newark, NJ 07102

OFF-MARKET
Retail properties & Spaces
400,000 SF
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Total area 400,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • Training Center Vocational School
  • Insurance Agency
  • Training Center

Location

625 Broad St Newark, NJ 07102
Newark metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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