Josh Malka

VERIFIED
Title: Newmark Knight Frank
Location: New York, NY
Member since: Mar 11, 2019
RealINSIGHT Marketplace
My Affiliations
Sold/Leased Listings
Sold!
Location: 550 Broad Street, Newark, NJ, 07102
Comments: This April, 550 Broad Street, a Trophy Office Building located in the Opportunity Zone of Newark, NJ has been sold and was auctioned through the online commercial real estate platform, RealINSIGHT Marketplace.
The offering, presented by Newmark Knight Frank and RealINSIGHT Marketplace, represented a compelling opportunity to acquire a best-in-class property with a substantial value-add component in an Opportunity Zone.
550 Broad Street, previously recognized as BOMA building of the year, features an attractive timeless exterior, expansive and customizable space in the interior, on-site ATM, newly renovated gym and café, 24-hour security, and spectacular unobstructed views of the Manhattan skyline and Downtown Newark. The building is also equipped with vertically wired fiber optic cables for the latest voice, data, and video technology.
About the Property:
18 Stories, 290,000 RSF
Built in 1966, renovated in 2006 & 2016
Smart Building Technology
The current stable list of tenants within 550 Broad Street allows the potential investor immediate and stable in-place cash flow backed by a diverse tenant roster along with predictable and manageable roll over the next five (5) years.
About the Location:
Strategically Located
Tremendous Access
Opportunity Zone
Date: May 01, 2019
Transaction Amount: $0
|
Contact
Location:
New York, NY
Websites:
Phone Numbers:
Office:
(201) 658-8014My Markets
Countries:
United States
Metro Areas:
Concentration Areas
Concentrations:
Investment Sales
Property Types:
Multi Tenant Office