155 Clifton Ave, Newark City, NJ 07104
Essex County
Key Facts
Description
A 5-YEAR TAX ABATEMENT. A unique and rare investment opportunity awaits in the vibrant North Newark area! This prime location sits directly across from the stunning Cathedral Basilica of the Sacred Heart and is just steps from Branch Brook Park. With a two-minute drive to Route 280 and easy access to Newark Penn Station, this property offers unbeatable convenience. We proudly present this exceptional newly rebuilt, gut-renovated building, featuring 14 modern one-bedroom apartments. Each unit is thoughtfully designed with Open-concept layouts, Stainless steel appliances, Washer & dryer hookups, Ceiling mini-split heating & cooling systems.The impressive scale of the building includes 9'6" ceiling heights on its three main floors and 8' doors throughout, enhancing the sense of space and luxury. With high market demand, this is a great opportunity to start rents at competitive rates and maximize returns.Don't miss out on this exceptional chance to secure a financially promising venture in a sought-after area!
Property Information
Property Type
Commercial Sale
Sub-Type
Multi Family
Stories
4
Living Area
9,120 sq ft
Lot Size
0.11 acres
Ownership
Fee Simple
MLS® Listing#
4014809
Property Features
Cooling
Heating
Flooring
Basement
Construction
Roof
Security
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$9,307
Tax year 2024
Assessed Value
$228,800
Parcel Number
1614-00491-0000-00056-0000-
Directions
PARK AVE TO CLIFTON, AVE, ACROSS FROM SACRED HEART CATHEDRAL
Affordability Calculator
$696,000
Estimated monthly payment
$18,522/mo
Principal $2,784,000 · Est. interest $3,883,928 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Newark City, NJ
- $613,173
- Median Listing Price
- 49
- Median Days on Market
- 1,400
- Median Sq Ft
- $401
- Median Price / Sq Ft
- 3,191
- Active Listings
- This home’s price is 468% above the area median.
- Its price per sq ft is 5% 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
Barringer High School
Secondary · 0.1 mi away
Franklin Elementary School
Elementary · 0.1 mi away
Saint Michael Catholic School
Elementary · 0.3 mi away
Barringer 9th Grade Success Academy
School · 0.4 mi away
Newark School of Global Studies
Secondary · 0.4 mi away
McKinley Elementary School
Elementary · 0.4 mi away
Branch Brook School
School · 0.4 mi away
Technology High School
Secondary · 0.5 mi away
Marion Bolden Student Center
School · 0.5 mi away
Dr. E. Alma Flagg School
Elementary · 0.5 mi away
Roberto Clemente Elementary School
Elementary · 0.5 mi away
Kipp Newark Lab High School
Secondary · 0.5 mi away
Essex County Day Training Center
Secondary · 0.6 mi away
Marion P. Thomas Charter School
School · 0.6 mi away
Dr. William H. Horton Elementary School
Elementary · 0.6 mi away
Paulo Freire Charter School
Secondary · 0.7 mi away
Burnet Street Elementary School
Elementary · 0.7 mi away
Sussex Avenue School
Elementary · 0.7 mi away
Rafael Hernandez Elementary School
Elementary · 0.7 mi away
Philip's Academy Charter School
Elementary · 0.8 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 5200 Central 1, Ocean City, NJ | $2,475,000 | 4 | — | — |
| 17-19 BERKLEY PL, Jersey City, NJ | $2,490,000 | — | — | — |
| 171 GRAND ST, Jersey City, NJ | $2,495,000 | 4 | — | — |
| 4362 Asbury 2, Ocean City, NJ | $2,499,000 | 4 | — | 1,600 |
| 36 Morningside 1st Floor, Ocean City, NJ | $2,499,000 | 6 | — | 1,919 |
| 350 OCEAN AVE, LONG BRANCH CITY, NJ | $2,499,000 | 3 | 3 | — |
Moving Cost Estimate
EXIT Agents in Newark City
Listing Courtesy: RE/MAX HERITAGE PROPERTIES - 9088794700