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    16 New Street

    Montclair, NJ 07042
    • $529,000
    • STATUS: Active
    • ON SITE: 53 days
    • MLS #: 21021853
    UPDATED: 188 min ago
    $529,000
    • 4
      BEDS
    • N/A
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1920
    County:
    Area:

    School Ratings & Info

    Description

    Great owner user and investor prop. Property is a 7 min walk to Bay Street train station w direct routes to NYC Penn Station. Located in the fastest appreciating area of Montclair. Property is 2.5 stories. 4rm/1 one bed unit on first floor, 4rm/1bed/1FB unit on second floor and two larger beds with FB on third floor. 2nd and 3rd floor are currently used together as a 6rm/3 bed/2 FB unit. Prop is across the street from two new high end mixed use developments...Montclairion 2 and The Vestry. For lease parking spaces are available within 100 ft of the front door. This area is going to completely gentrify. INVESTORS: current GOI is $50,520. OE's are $18,000 yielding a NOI of 32k and a MV of $581,818 on a 5.5 cap. All utilities are separate. There is some functional obsolescence.

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    © 2021 New Jersey Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Pina Nazario, Coldwell Banker Residential Brokerage. The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Pina Nazario, Coldwell Banker Residential Brokerage are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. Data last updated: 2021-07-26T13:16:40.41.

    www.pickpina.com/homes/117826045
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    16 New Street Montclair, NJ 07042

    • Price: $529,000
    • Status: Active
    • Updated: 188 min ago
    • MLS #: 21021853
    4
    Beds
    3
    Baths
    0
    ½ Baths
    N/A
    Acres
    1920
    Built
    Neighborhood:
    Montclair
    County:
    Essex
    Area:
    Montclair
    Property Description
    Great owner user and investor prop. Property is a 7 min walk to Bay Street train station w direct routes to NYC Penn Station. Located in the fastest appreciating area of Montclair. Property is 2.5 stories. 4rm/1 one bed unit on first floor, 4rm/1bed/1FB unit on second floor and two larger beds with FB on third floor. 2nd and 3rd floor are currently used together as a 6rm/3 bed/2 FB unit. Prop is across the street from two new high end mixed use developments...Montclairion 2 and The Vestry. For lease parking spaces are available within 100 ft of the front door. This area is going to completely gentrify. INVESTORS: current GOI is $50,520. OE's are $18,000 yielding a NOI of 32k and a MV of $581,818 on a 5.5 cap. All utilities are separate. There is some functional obsolescence.
    Exterior Features

    Exterior Finish AluminumOther Garage None Lot Description Regular Style 2 Family Sub Style Other Views And Exposure None Waterfront None

    Interior Features

    Basement FullUnfinished Fireplace None Heat Cool BaseboardGasHot Water Laundry None Rooms 10

    Property Features

    Flood Plain 100 YrLender May Require Ins Lifestyle None Miscellaneous None Ownership Corporate Status Flag Attorney Review In Progress Taxes 9492 Utilities O/See Rmks Year Built 1900-1939

    Listing provided courtesy of Re/Max Select - Morristown.


    © 2021 New Jersey Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Pina Nazario, Coldwell Banker Residential Brokerage. The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Pina Nazario, Coldwell Banker Residential Brokerage are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. Data last updated: 2021-07-26T13:16:40.41.

     
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    Pina Nazario, Coldwell Banker Residential Brokerage
    789 Clifton Avenue
    Clifton NJ, 07013