Exceptional Estate-Style Investment Opportunity in Forest Hill, Newark. This grand Mediterranean / Italian Renaissance Revival estate presents a rare, high-impact investment opportunity in Newark's prestigious Forest Hill neighborhood. Situated on an expansive, park-like lot, the property features a stately stucco facade, arched windows and doorways, columned entry, wide overhanging eaves, and a classic loggia displaying hallmarks of early 20th century architectural elegance rarely found today. The estate-scale footprint and symmetrical layout offer exceptional flexibility for investors or visionary buyers. Multiple wings and entrances support a range of value-add and adaptive reuse strategies. Highlights include strong architectural character, expansive private grounds suitable for future amenities or expansion, historic elements that enhance long-term value, and a prime location near major highways, parks, and transportation corridors. This is not a typical residential offering it is a legacy-level asset with upside driven by scale, location, and architectural significance. Properties of this caliber in Forest Hill rarely become available. Property is part of an estate sale and is a short sale, subject to third-party approval.
198 Ballantine Pkwy, Newark City NJ 07104-1406
Property City
Newark City
Property Price
$599,000
Rooms
16
Bedrooms
7
Bathrooms
3.10
Year Built
1907
Tax Annual Amount
$19094
TaxYear (*text)
2024
BathroomsFull
3
Roof (*text)
Asphalt Shingle
Lot Size Area
0.44
MLS Status
Active
MLS #
4003475
Yearly Tax Rate
3.803
Year Built (*numeric)
1907
Basement
Yes
Roofing (*text)
Asphalt Shingle
Basement (*text)
Yes
Cooling (*text)
None
FireplacesTotal (*text)
2
GarageSpaces
3
Heating
Multi-Zone
Lot Size Dimensions
100X190
Data import from
GSMLS