614 sqft

$649,000

125-127 Bloomfield Ave, Newark City NJ, 07104

Price per sqft$1,057.00

Property size614 sqft

Property typeCommercial

Overview

Active

Listed Nov 6, 2026

Updated 4 days ago

A five-unit mixed-use building on Bloomfield Avenue in Newark: two street-level commercial spaces and three apartments, offered at $649,000 with two apartments currently collecting month-to-month rent. The three vacant spaces give an investor room to build income. In one projected scenario - the two commercial spaces leased at their advertised $1,600 asking rents and all three apartments at $1,450 a month - the building would gross $90,600 a year, a projected $62,834 of income after listed expenses and a 5% vacancy allowance, a 9.68% projected cap rate at the asking price. That scenario also assumes the two occupied apartments, now $1,000 and $1,100, reach $1,450 - a step that depends on the existing leases and any applicable restrictions, with no guaranteed route.

Other Property Details

Taxes: $16,835
Tax Frequency: Annually

Courtesy of PROMINENT PROPERTIES SIR with TAREK HASSIEB,
Listing Contact: 2017955200

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