217 Frelinghuysen Ave, Newark City, NJ 07114
Essex County
Key Facts
Description
Excellent opportunity to own a mixed-use property on a well-traveled avenue in Newark. This two-story building features an established diner/restaurant on the ground level, complete with a liquor license, plus two residential apartments above, creating multiple income streams in one asset.
Property Information
Property Type
Commercial Sale
Sub-Type
Business
Stories
2
Living Area
5,628 sq ft
Lot Size
0.13 acres
Ownership
Fee Simple
Days on Market
687
MLS® Listing#
3896318
Property Features
Cooling
Sewer
Water Source
Financial Details
Annual Taxes
$24,791
Tax year 2023
Assessed Value
$665,000
Parcel Number
1614-02759-0000-00007-0000-
Directions
Google Maps
Affordability Calculator
$449,800
Estimated monthly payment
$11,970/mo
Principal $1,799,200 · Est. interest $2,510,044 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Newark City, NJ
- $613,296
- Median Listing Price
- 49
- Median Days on Market
- 1,369
- Median Sq Ft
- $425
- Median Price / Sq Ft
- 3,196
- Active Listings
- This home’s price is 267% above the area median.
- Its price per sq ft is 6% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Newark City, NJ.
Location
Points of Interest in Newark City, NJ
Showing the Newark City area map.
Nearby Schools
Malcolm X Shabazz High School
Secondary · 0.4 mi away
Miller Street Elementary School
Elementary · 0.5 mi away
Belmont Runyon Elementary School
Elementary · 0.6 mi away
Alif Muhammad's Nia School
School · 0.7 mi away
Kipp Team Academy
School · 0.8 mi away
Peshine Avenue School
Elementary · 0.8 mi away
Louise A. Spencer Elementary School
Elementary · 0.8 mi away
Link Community Charter School
Secondary · 0.8 mi away
Henrietta King Headstart
School · 0.9 mi away
Harold Wilson School
School · 1.0 mi away
Avon Avenue School
Elementary · 1.0 mi away
Kipp Thrive Academy
School · 1.0 mi away
Kipp Bold Academy
School · 1.0 mi away
Great Oaks Legacy Charter High School
Secondary · 1.1 mi away
North Star Academy Clinton Hill Middle School
Elementary · 1.1 mi away
Central High School
Secondary · 1.1 mi away
Samuel L Berliner School
School · 1.1 mi away
Quitman Community School
Elementary · 1.1 mi away
American History High School
Secondary · 1.1 mi away
South Street Elementary School
Elementary · 1.2 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
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|---|---|---|---|---|
| 628 PALISADE AVE, Jersey City, NJ | $1,575,000 | 7 | — | — |
| 99 HUDSON ST 5510, Jersey City, NJ | $1,575,000 | 2 | 2 | 1,174 |
| 227 7TH ST, Jersey City, NJ | $1,595,000 | 4 | — | — |
| 227 7TH ST, Jersey City, NJ | $1,595,000 | — | — | — |
| 945 Elizabeth Ave, Elizabeth City, NJ | $1,595,000 | — | — | 2,534 |
| 163-165 CLERK ST, Jersey City, NJ | $1,598,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in Newark City
Listing Courtesy: REAL - 8554500442