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59 DAWSON ST , Newark, NJ 07114

Description

Extremely rare opportunity to own a freestanding building with multiple parking in the IRONBOUND section of Newark! This mixed use has it all. The restaurant on the main level and 2 apartments above it, a 3 bedroom 1 bath and a 2 bedroom 1 bath. The building was remodeled 3 years ago, all apartments were redone and the restaurant too. There is a new roof. The lot is very deep at 19×132 with 5 car prking in the back. Only a block from schools, and nightlife etc…..Take advantage now you still can! 7.2% CAP RATE $50,895 NOI current rents 10.3% CAP RATE $72,495 NOI market rents

Address

  • City: Newark
  • State/county: ESSEX / NJ

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