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Property profile & analytics
OFF-MARKET
Commercial real estate

2 Pennsy Pl Newark, NJ 07114

Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a unique property located at 2 Pennsy Place in Newark, New Jersey. Priced at $650,000, this property offers significant potential for a variety of uses, given its classification as "Other" within the property type designation. The property's address is clearly identified as 2 Pennsy Place, providing easy location verification and access to local resources. While the square footage is not currently specified, the lot size is listed as zero acres, suggesting the property may be a building or a smaller lot. This lack of square footage information presents an opportunity for potential buyers to conduct their own due diligence and assess the property's suitability for their intended purpose. The absence of detailed property descriptions necessitates a thorough on-site inspection to determine the property's condition, layout, and overall suitability for investment. Given the price point and the location in Newark, NJ, this property is likely to attract considerable interest from investors seeking a potentially high-return opportunity. Interested parties are encouraged to conduct a comprehensive assessment of the property to fully understand its potential and align it with their investment goals. Further information regarding zoning regulations and permitted uses should be obtained from the relevant municipal authorities. This property represents a compelling opportunity for those seeking a unique investment in a dynamic urban setting.

Property profile
Verified
Property type Commercial real estate
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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