Property profile

157 Market St Newark, NJ 07102

FOR LEASE
Commercial real estate
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Property ID
US59-2058631
0.05 ac
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

This exceptional retail property at 157 Market Street in Newark, New Jersey, offers three available commercial spaces totaling 11,017 square feet. Located in Essex County, this multi-tenant building presents a unique opportunity for businesses seeking flexible space options. Each suite offers a minimum of 3,593 square feet, with the largest contiguous space measuring 3,914 square feet. The entire building is currently vacant, providing a blank canvas for a new tenant or a group of…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value · 2024$118k
Assessed land$113k
Assessed improvement$5k
Effective rate3.73%

Value estimate

· Nov 2026
$335k
$302k – $369k
AI approach$335k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$694/SF
Submarket average, outlier-cleaned · 115 recorded sales of this use type
Observed band · Q1–Q3$198 – $1,287

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionESSEX

Location intelligence

Which uses thrive at this corner?
Best fit: Veterinary Clinic
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Veterinary Clinic8.7
Bike Shop8.0
Assisted Living Facility7.7

Location

157 Market St Newark, NJ 07102
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
162 University, Newark, NJ 07102-1924 $5,300,000 Sep 2025 No data
53 Bleeker, Newark, NJ 07102-1900 $5,300,000 Sep 2025 No data
158 University, Newark, NJ 07102 $5,300,000 Sep 2025 No data
160 University, Newark, NJ 07102-1914 $5,300,000 Sep 2025 No data
156 University, Newark, NJ 07102 $5,300,000 Sep 2025 No data
164 University, Newark, NJ 07102-1983 $5,300,000 Sep 2025 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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