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575 MADISON AVENUE, NEW YORK, NY 10022. 212.891.7000 © 2025 DOUGLAS ELLIMAN REAL ESTATE. EQUAL EMPLOYMENT OPPORTUNITY PROVIDER. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES, OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS, AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT, OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.LISTING DATA REFRESHED ON MAY 25 2025 AT 1:44 AM.

DOUGLAS ELLIMAN IS A LICENSED REAL ESTATE BROKER IN CALIFORNIA WITH LICENSE # 01947727, COLORADO WITH LICENSE # EC100053892, CONNECTICUT WITH LICENSE # REB.0314827, THE DISTRICT OF COLUMBIA WITH LICENSE # REO40000160, FLORIDA WITH LICENSE # CQ1020232, MARYLAND WITH LICENSE # 645270, MASSACHUSETTS WITH LICENSE # 422764, NEVADA WITH LICENSE # 1454643, NEW JERSEY WITH LICENSE # 0572105, NEW YORK WITH LICENSE # 10991211812, TEXAS WITH LICENSE # 9008706, AND VIRGINIA WITH LICENSE # 0226035659.

POWERED BY PURLIN.AI

37 Jay St

newark, NJ 07103-3205

$2,495,000

    INTERESTED? LET'S CONNECT

    Incredible investment opportunity in the heart of University Heights, Newark! This package deal includes four fully occupied 3-family homes (total of 12 units) all located within the same block:1-37 Jay St (Block 2850 Lot 22)2-39 Jay St (Block 2850 Lot 23)3-46 Hudson St (Block 2850 Lot 33)4-46 Hudson St (Block 2850 Lot 35)The four properties are fully occupied with long-term tenants. All buildings are in good-average condition with low maintenance costs and low property taxes, making this a turnkey cash-flowing asset in one of Newark's fastest-growing neighborhoods.Attractive current gross income with further upside through rent optimization. Sold strictly as-is, this package is ideal for investors or 1031 exchange buyers seeking stability and scale. Cap rate to be calculated based on GOI.This is a rare chance to own a high-density, income-producing portfolio all in one block steps from universities, transportation, and new development.

    Details

    11,724 Sq Ft

    2,178 Sq Ft Exterior Space

    Commercial

    $23,403 Annual Tax

    Built in 1940

    MLS/Listing ID 3957601

    3 Stories

    12 Units

    Amenities & Features

    Flat

    Listing Courtesy of REALTY ONE GROUP LEGEND, SOL CASTANOS

    GSMLS

    Source of Data: GARDEN STATE MLS

    Interested in 37 Jay St?