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11 High St
Newton, NJ 07860
Asking Price
$3.80M
Asset Type
Traditional Office Office
Class
Class B
What's Special
<p><strong style="color: rgba(0, 0, 0, 1)">STUNNING NEWLY RENOVATED OFFICE BUILDING ON HISTORIC NEWTON SQUARE (EST. 1890), THIS EXCEPTIONAL PROPERTY OFFERS 3 FLOORS CONSISTING OF 4 OFFICE SUITES WITH FLEXIBLE CONFIGURATION OPTIONS, PRIVATE ENTRANCES, AND EXCELLENT VISIBILITY LOCATED IN THE T-6 ZONE. THIS WOULD MAKE IT IDEAL FOR A MULTITUDE OF USES. THE LOWER LEVEL FEATURES ONE SUITE WITH 3 PRIVATE OFFICES ALONG WITH A BATHROOM AND UTILITY ROOM. THE MAIN STREET LEVEL INCLUDES 4 LARGE OFFICES, A K
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NOI
$80,000
Cap Rate
2.11%
DSCR
0.35
Underwater
Cash-on-Cash
-12.77%
Monthly Payment
$18,800.327
Annual Cash Flow
$-145,603.92
