2 Pennsy Pl Newark, NJ 07114
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.
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.