Package deal with 110 Sherman Avenue located in high traffic of uptown Manhattan, one tax lot two buildings package sale. Lot size: 50’x150’ to 7,500sqft; building size:50’x150’ to 7,500sqft; 108 is vacant currently, Projected rent $13,000; 110 Sherman Avenue has no lease, month-month rent $8,500, Projected rent $13,000. It’s very good for Investor keep it as Commercial rental property with High income and Great potential, also it’s a good opportunity for Developer, because this lot zoning is R7-2, Buildable around 30,000sqft Mixed use of Commercial and Residence building, Consult with your Architect.
Price Information
Listing Price Info
Price Summary:
List Price: $7,500,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Newark, NY.
This property is $7.3M more than the Median Sold Price in Newark, NY.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Number: #480110
Listing Office:
Office Name: Re/Max Real Estate Professiona
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
The accuracy of all information, regardless of source, including but not limited to open house information, square footage and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Brooklyn Multiple Listing Service and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. Last updated on: 4/27/2024, 11:25:16 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$37.5K
Per Month
Principal & Interest
$37.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$22.5K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Norman R Kelley Intermediate School
316 W Miller St
Distance between this listing and this school0.54 miles
Public District Grades 3-5
3
/10
Lyons Elementary School
98 William St
Distance between this listing and this school5.35 miles
Public District Grades PK-6
3
/10
Midlakes Intermediate School
1510route 488
Distance between this listing and this school6.32 miles
Public District Grades 3-6
Nearby Schools
2
/10
Newark Middle School
701 Peirson Ave
Distance between this listing and this school1.35 miles
Public District Grades 6-8
2
/10
Lyons Middle School
10 Clyde Rd
Distance between this listing and this school5.56 miles
Public District Grades 7-8
3
/10
Midlakes Middle School
1550route 488
Distance between this listing and this school6.43 miles
Public District Grades 7-8
Nearby Schools
4
/10
Newark Senior High School
625 Peirson Ave
Distance between this listing and this school1.19 miles
Public District Grades 9-12
3
/10
Lyons Senior High School
10 Clyde Rd
Distance between this listing and this school5.56 miles
Public District Grades 9-12
6
/10
Midlakes High School
1554route 488
Distance between this listing and this school6.49 miles
The neighbors living near this home have an average income of $33,750. Residents of Newark, NY typically earn less than $35k each year. Most families are single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 108 Sherman Ave
What is the listing price of this property?
The listing price of 108 Sherman Ave property is $7,500,000.
What type of property is this?
The property 108 Sherman Ave is land located in New York, New York, 10034.
Is this property for sale now?
Active Listing: 108 Sherman Ave is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 108 Sherman Ave in New York, NY and zip code 10034. It has been listed on Rocket Homes since February 26, 2024 and is currently priced at $7,500,000.
Over 5 listings were sold over their listed price in March 2024 in Newark, NY. In the same period over 0 listings were sold below the listed price and 0 listings were sold for the listed price. Between February 2024 and March 2024, Newark, NY real estate market has seen decrease in the number of listings by 21.7%. In March 2024, listings were on the market for 7 days. During the same period, the median list price in this real estate market was $172,500.
From Rocket Homes Real Estate and based on county public records data.
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. 
Extreme Sports
Extreme Sports
Figure Skating
NASCAR
Academy Sports & Outdoors
Kmart
Dollar General
Little Caesars
Bob Evans
Cracker Barrel
Chevrolet
Buick
Ram
Country
Oldies