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487-489 18th Avenue
Newark, NJ 07103
Asking Price
$1.52M
Cap Rate
8.07%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 9 Units | $169,444/unit <p><strong>ACCESS & CONNECTIVITY</strong></p><p>487-489 18th Ave in Newark offers strong access to local and regional transit, with nearby NJ TRANSIT bus service including routes 1, 25, 90, 96, and 361, plus bus stops along 18th Avenue and Springfield Avenue within a short walk.</p><p>Rail access is also available via the Newark Light Rail system and nearby commuter rail connections, while Newark Penn Station provides additional NJ TRANSIT, PATH, and Amtrak options for travel throughout the regi
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NOI
$80,000
Cap Rate
5.25%
DSCR
0.88
Underwater
Cash-on-Cash
-2.30%
Monthly Payment
$7,544.868
Annual Cash Flow
$-10,538.415
