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Ironbound Medical Center - 119-137 Clifford Street

Off-Market

119-137 Clifford Street, Newark, NJ 07105

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - Medical Office
  • Property Size 29,620 SF
  • Lot Size 0.7 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1968

Location

  • City Newark, NJ
  • Neighborhood South Ironbound
  • Zip Code 07105
  • Market New Jersey

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 05 Jun, 2018
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date

Market Trends

Average Actual Rents in Newark

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Newark Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $36.88
  • 2020 Office Vacancy Rate 14.66%
  • 2020 Office Completions (SF)
View more Newark market trends

Tax

  • Property Tax in 2021 $117,032
  • Market Value* $3,079,800
  • Assessed Value $3,079,800

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of Ironbound Medical Center - 119-137 Clifford Street?

Ironbound Medical Center - 119-137 Clifford Street totals 29,620 square feet.

When was this property built?

Ironbound Medical Center - 119-137 Clifford Street was built in 1968.

When was Ironbound Medical Center - 119-137 Clifford Street last sold?

Ironbound Medical Center - 119-137 Clifford Street was last sold on 05 Jun, 2018.

What is the property tax for Ironbound Medical Center - 119-137 Clifford Street?

The property tax for Ironbound Medical Center - 119-137 Clifford Street in 2021 was $117,032.

What is the market value for Ironbound Medical Center - 119-137 Clifford Street?

The market value* for Ironbound Medical Center - 119-137 Clifford Street in 2021 was $3,079,800.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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