37 Jay St , Newark City, Essex 07103-3205
- $2,395,000
- $2,395,000
Overview
- 11724 Sqft
Description
Exceptional opportunity to acquire a fully occupied, income-generating portfolio in one of Newark’s fastest-developing neighborhoods. This rare package deal features four 3-family homes (12 units total), all located on the same block:1-37 Jay Street (Block 2850 Lot 22)2-39 Jay Street (Block 2850 Lot 23)42 Hudson Street (Block 2850 Lot 33)46 Hudson Street (Block 2850 Lot 35)Each property is 100% occupied with long-term tenants, offering immediate cash flow and minimal operating overhead. Buildings are in solid condition with low property taxes and low maintenance costs, making this an ideal hands-off asset for investors looking for scale.Current gross income is strong with additional upside through rent optimization. Ideal for 1031 exchange buyers, portfolio investors, or those seeking stable, high-density cash flow in a growth market.Located just steps from Rutgers, NJIT, Essex County College, and major transportation options. The neighborhood is surrounded by new development, infrastructure upgrades, and university expansion, positioning this package for long-term appreciation.Sold strictly as-is. This is a rare-to-market multifamily opportunity with income, location, and scalability all in one block.
Address
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Address: 37 Jay St
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City: Newark City
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State/county: Essex
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Zip/Postal Code: 07103-3205
Details
Updated on December 22, 2025 at 3:50 pm-
Property ID HZ3957601
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Price $2,395,000
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Property Size 11724 Sqft
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Land Area 0.05 Acres
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Garage Size x x
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Year Built 1940
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Property Status Active
Additional details
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Roof Asphalt Shingle, Flat
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Utilities Electric, Gas-Natural
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Sewer Public Sewer
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Cooling No Cool
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Heating 4+ Units
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County Essex
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Property Type Apartment Complex
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