$14,400,000 198-206 Sussex Newark City, NJ

MLS: 3482571   Type: Commercial   County: Essex   City: Newark City   Zip: 07103     Taxes: $16,198

Mortgage $67,605 /mo



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Great investment opportunity! PACKAGE SALE with 66-88 Hecker St. & 33-39 Dickerson St. DEVELOPER'S DREAM! PACKAGE SALE with 66-88 Hecker St. & 33-39 Dickerson St. Zoned for Mix Use in prime location: Major portion of city square block for sale with huge upside potential. Property is located in the center of The Urban Enterprise re-development zone., close to Downtown, Interstate 280, NJIT, Rutgers, and Newark International Airport. Highlights: +/- 100,000 sq.ft. of warehouse space which generates high rental revenue. Tremendous upside value to re-develop. Strong cash flow in place to offset re-development approval and development down time. Seize the moment and own it! Great investment opportunity!

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Price History

6/26/2018 Listed $14,400,000

Construction Brick/Block
Cooling See Remarks, Central Air
Drive See Remarks, On-Street Parking
Heating See Remarks
Roof Flat
Sewer Public Available
Tax Annual Amount 16198
Total Units 0
Town # 1614
Township Newark City
Utilities See Remarks
Zoning 0

Interior Features

Fuel Type None

Exterior Features

Building Area Total 0
Exterior Description Brick/Block
Lot Dimensions 108X114.2 AVG; 309.2x95, +
Max Ceiling Height 0
Max Door Height 0
Number Of Bays 0
Number Of Docks 0
Number Of Doors 0
Water Source Public Water

Property Schools

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Gallery (15 photos)

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Property vs Zip Code Avg (07103)

Price 14.4M Avg 3.58M

Taxes $16,198 Avg $37,131

Acres 0.28 Avg 0.12

Visits 139 Avg 114

Days on Site 886 Avg 286

Walkscore® 87 Avg 81

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: LIBERTY REALTY, LLC.

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Location & Address

MRA Real Estate Advisors
3799 US Hwy 46
Parsippany, NJ