Investment Properties

Check out the Commercial properties we have available in the Essex County area.

Buildings/Business

  In the house with Stephen Ross, owner and Developer of Hudson Yards in New York City, a 25 Billion Dollar Development.

18 Green St., Newark, NJ - $1,050,000 - FOR SALE

 

-Multi-use building in downtown Newark across from City Hall.

-Opportunity Zone

-Former 1st fl Cafe with kitchen and secure outdoor seating. 

-Second and Third floor meeting spaces, as well as 1 Bedroom Apartment.

 

4-Family In Irvington, NJ - $779,000 - FOR SALE

-Complete gut renovation on this 4 Family with bonus potential.

-Property enjoys stable tenants.

-Paid 4 car parking and an additional 3-car garage (used by owner) sweetens the deal.

-Bonus ground level 2-bedroom, full bath no kitchen brings endless possibilities

-Low taxes of 8k makes 12% cap plus achievable. 

Newark/Irvington Border Warehouse - $800,000- UNDER CONTRACT

 

 

 

 

 

    -Warehouse with 4200 sq ft with            working utilities.

   -Additional 5500 sq ft parking included.

44 Unit - 203-207 Charlton St., Newark, NJ- $3,800,000- UNDER CONTRACT

 

Outstanding former tax credit deal with Low income attached financing ( HMFA & City Of Newark.) Building is completely occupied with professional Property Management for 28 years. Audited numbers. Low initial cap rate, however outstanding upside potential. Asking price is $3.7 Million.

 

1453 Springfield Ave., Maplewood, NJ- $450,000-SOLD

1100 Square-Foot office space over high-dry 1100 Square-Foot basement. Additional 500 sq.ft rental in the back of building. 177X50 Lot Size with Ample Parking. On major transportation routes.

63 19th Ave., Newark, NJ - $409,900 - SOLD

Newer 2 Family-Home with all Brick front & on one side of house located in hot redevelopment area. 3 bedroom/2 baths on each floor and renovated Basement w/ Bath & Shower for growing family. 1-car Garage parking. Tenants on month to month leasing, and family of the owner. Current Rent roll exceeds $3,100 with Room for improvement!

632-634 Martin Luther King Blvd., Newark, NJ, 07102 - $1.9M-(UNDER CONTRACT)

 

Newly Renovated 18-Unit Building For Sale!

Recently renovated 18-unit building for sale at 632-634 Martin Luther King Blvd, Newark, NJ down the street from St. Benedict's High School. 14 Residential tenants predominately on Sec. 8. Also 4 Commercial tenants.

 

Rent Roll per year: $250,000 plus!

Buying Investment Property Tips:

 

 

Determining Cash on Cash Return

 

-What does this mean?

 

Determining the return on investment against your deposit. 


Ex: If you put down a $100,000 deposit and after income and expenses you're left with $9,000, your cash on cash return is 9%.

 

See sample of investment Pro Forma below:

Questions?

Powerhouse Realty

1549 Springfield Ave.,

Maplewood, NJ 07040

 

Phone: 908 391-1136

Fax: 973 763-5099

E-mail: Rspears10@aol.com

 

Or use our contact form.

Tip of the Week

Show Off Your Home!

Quick fixes before selling always pay off, but don’t over improve. Instead, do repairs that will pay off and get you what the home is truly worth. Best advice is to paint all the walls a neutral color, lighter colors open up the space. De- Clutter prior to listing your home… fix leaky faucets and keep the home clean at all times. For higher end homes consider staging (with a professional) to show the houses best light. Finally, depersonalize the home as much as possible. Although it’s emotionally difficult, eliminate family pics and certain art pieces that reflect you. A buyer wants to imagine themselves in the property so a blank canvas is best.

 

Learn more about how to sell your property.

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