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Property profile & analytics
FOR SALE
Triplexes

391 Hawthorne Ave Newark, NJ 07112

Entity Owned 7-yr Hold
Property ID
US59-0525076-01
No photos on file
For Sale
$900,000
391 Hawthorne Ave, Newark, NJ 07112
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Property summary
AI-generated overview

Newark is full of opportunity and 391-393 Hawthorne Ave has become your oyster. The original building of Bragman's is up to date where all you have to do is buy and start collecting rents! If all three units are rented, can easily make $7,000/month. Sorry, THE BUSINESS IS NOT FOR SALE ONLY THE PROPERTY ITSELF! STATS AS FOLLOWS: - Two of three units are rented out for the next five years on a NNN w/right of renewal after five years- Each unit pays their own utilities and meters are seperated. Water is divided by the three units - Roof done in 2021 - Newer hot water heaters - Each unit (1,500sqft) has its own basement for an additional 1,000sqft storage space - Unit 1: is occupied by a community grocery store - Unit 2: originally occupied Bragman's Deli (has a walk in cooler, stove, and other equipment may be available) - Unit 3: occupied - Owner of building has an option to expand w/first right of refusal on buildings next to Bragman's (389 & 395). bikeScore: 45, Somewhat Bikeable walkScore: 69, Somewhat Walkable transitScore: 57, Good Transit

Property profile
Verified
Property type Triplexes
UPID US59-0525076-01
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
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Owner & transaction history
393 Hawthorne LLC · 7 yrs held
393 Hawthorne LLC
since 2019
1 recorded transaction
2019
$17,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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