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16 New Street, Montclair, NJ 07042
$687,000
16 New Street, Montclair, NJ 07042View this property at 16 New Street, Montclair, NJ 07042
16 New StreetMontclairNJ07042
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Property Description
Great Owner user and or investor prop. Two units: First Floor is 3 rm/1 bed/1 fb with EIK (this unit is occupied/same tenant for 5 yrs/ M to M). Second and third floor duplex is 6rm/3bed/2 fb (this unit is vacant). First floor unit was modestly renovated in 2018. 2nd/3rd flr duplex just completed a full renovation. Very nicely done. Please see photos in "media" or click on the link in "media" to go to the Offering Memorandum with full photo series and prop profile. There is a full unfinished, very clean basement with separate utilities and separate walk out to the back yard. Utility units are newer averaging about 5 yrs old. Owner pays only cold water. Back yard is amply sized. There is no on premise parking but there is a for lease parking lot about 50 ft from the front door. We believe proforma monthly for the 3 bed duplex is $2,800. With the $1,640 from the first flr there would be an annualized Gross Operating Income of $53,400.
Full Property Details
Full Property Details for 16 New St
General
- Sold For: $687,000
- Taxes: $9,817
- Status: Closed
- Type: Multi-Family
- MLS ID: 24001855
- Added to Site: 102 day(s) ago
Interior
- Number of Rooms: 9
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: None
Parking
- Parking: Parking Space
- Garage Description: Parking Space
Location
- Area: 7
- County: ESSEX
Community
- Community Features: Close/Parks, Close/School, Close/Trans, Close/Wrshp
Heating & Cooling
- Heating/Cooling: Gas, O/See Remk
Utilities
- Utility Description: Other (See Remarks)
Structural Information
- Architectural Style: 2 Family
- Exterior Const.: Other
- Basement Desc.: None
- Year Built: 1900-1939
Lot Features
- Property View: None
- Lot Description: Regular
Water Features
- Water Front Desc.: None
Financial Considerations
- Tax Amount: $9,817
Disclosures and Reports
- Ownership: Private
- Flood Zone: None
Listed by Re/Max Select (973) 539-6300, Edona Brahimi (201) 973-8226
Sold by Outside Broker (201) 973-8226, Outside Outside Salespers
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Schools
Schools serving 16 New St
School District:Montclair Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
55 Washington St, Montclair, NJ 07042 | K-5 | 0.1 mi | |
54 Orange Rd, Montclair, NJ 07042 | 3-5 | 0.8 mi | |
Nishuane School
32 Cedar Ave, Montclair, NJ 07042 | PK-2 | 0.8 mi | |
100 Chestnut St, Montclair, NJ 07042 | 9-12 | 1.1 mi | |
14 Garden St, Montclair, NJ 07042 | K-5 | 1.4 mi | |
20 Edgemont Rd, Montclair, NJ 07042 | K-5 | 1.6 mi | |
603 Grove St, Montclair, NJ 07043 | K-5 | 2.8 mi | |
87 Mount Hebron Rd, Montclair, NJ 07043 | PK-5 | 3.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 16 New St
Date
Details
Price
Change
Source
4/12/2024
Sold
$687,000
22.9%
MLS
1/18/2024
Listed
$559,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
16 New Street, Montclair, NJ 07042 (MLS# 24001855) is a Multi-Family property that was sold at $687,000 on April 12, 2024. Want to learn more about 16 New Street? Do you have questions about finding other Multi-Family real estate for sale in Montclair? You can browse all Montclair real estate or contact a Coldwell Banker agent to request more information.