- For Sale $7,300,000
- Property Type Multi-Family
- Property Size 30,192 SF
- Units 20
- Lot Size 0.17 Acre
- Year Built 2024
- Date Updated May 14, 2026
Description
Directly across from Branch Brook Park
Steps from Bloomfield Avenue Retail and Dining
Near Newark Light Rail and NJ Transit
Easy access to I-280, Garden State Parkway and NJ TurnpikeReduced Sale Price: Brand New Luxury 20-Unit Apartment Building
Highlights
- 20 luxury 2BR/1BA units
- 30,192 SF gross building area
- 8 electric vehicle charging stations
- Elevator building with secured lobby
- Excellent condition — fully stabilized, fully leased
- Ground floor enclosed parking for 18 vehicles
- In-unit electric heating and A/C
- New construction (2024)
- Reduced sale price at $7.3M over 8% cap rate
- Sprinkler system and fire alarms throughout
- Stainless steel appliances, modern kitchens and open layouts
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Contacts
Juan Disla
The Blau & Berg Company
Location
Located at 313-315 Lake St, Newark, NJ 07104, this property is part of the Seventh Avenue neighborhood and New Jersey market.
Contact Listing Broker
Juan Disla
The Blau & Berg Company
