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237 ASTOR ST
NEWARK, NJ 07114
Asking Price
$1.50M
Cap Rate
6.2%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Ironbound | Fully Occupied | $92,743 NOI <p>Turnkey 6-Family investment property located in the highly sought-after Ironbound section on Newark. This well maintained building features six spacious 2-bedroom, 1-bath apartments, all fully occupied, providing immediate and stable rental income. Situated in a prime location close to major highways, public transportation, shopping, and dining, this property is ideal for investors or owner occupants seeking long-term appreciation and consistent cash flow in one of Newarks most vibrant neighb
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NOI
$80,000
Cap Rate
5.35%
DSCR
0.90
Underwater
Cash-on-Cash
-1.95%
Monthly Payment
$7,396.444
Annual Cash Flow
$-8,757.332
