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    Antonio Costa, Elizabeth, NJ

    License ID: 238477
    Exit Realty Lucky Associates
    Association
    North Central Jersey Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (973) 460-5090
    Office Address:
    640 Newark Ave, Elizabeth, NJ, 7208

    Performance

    Listings
    15

    Listings

    For Sale (12)

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    • $1,200,000
      0.12 Acres

      Elizabethport Commercial Investment Opportunity

      High-Yield Multi-Unit Property with Garage
      9-15 1St St, Elizabethport, NJ 07206
      View Details
    • $1,679,000

      Ironbound Multifamily Investment Opportunity

      Six apartments and three parking spaces in Newark's Ironbound.
      160 E Kinney St, Newark, NJ 07105
      View Details
    • $1,500,000
      8,057 SF

      Mixed-Use Property For Sale

      Two commercial and residential properties with income potential.
      1169 East Broad St, Elizabeth, NJ 07201
      View Details
    • $1,279,000
      5,619 SF

      Ironbound Warehouse with Tenant Income

      5,619 SF warehouse in Newark with tenant in place.
      91 Rome St, Newark, NJ 07105
      View Details
    • $1,750,000

      Elmora Multifamily Investment Opportunity

      14-unit apartment building in Elmora section with parking.
      225 Murray St, Elizabeth, NJ 07202
      View Details
    • $860,000
      Pending

      New Construction Two-Family Home

      New construction two-family home with modern amenities and separate utilities.
      211 Nye Ave, Newark, NJ 07112
      View Details
    • $4,200,000

      Elmora Multifamily Investment Opportunity

      20 units across 4 properties in Elmora section.
      130 Murray St, Elizabeth, NJ 07202
      View Details
    • $1,115,000

      Elmora Multifamily Property For Sale

      Six apartments with parking in Elmora section, sold as-is.
      142 Murray St, Elizabeth, NJ 07202
      View Details
    • $4,200,000

      Elmora Multifamily Investment Opportunity

      Four properties totaling 20 units in Elizabeth City's Elmora section.
      130 Murray St, Elizabeth, NJ 07202
      View Details
    • $1,350,000

      Elmora Rooming House For Sale

      Rooming house with 9 units in Elmora section.
      138 Murray St, Elizabeth, NJ 07202
      View Details
    • $1,215,000

      New Construction Triplex with Amenities

      New construction triplex featuring modern amenities and potential tax benefits.
      307 Chilton St, Elizabeth, NJ 07208
      View Details
    • $200,000

      Commercial Land For Sale

      Corner lot available for commercial development.
      421 Central Ave, Westfield, NJ 07090
      View Details

    For Lease (3)

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    • $5,000 /Mo
      2,960 SF

      Commercial Space For Rent

      Commercial property for rent with parking and build to suit.
      2114 Grier Ave, Linden, NJ 07036
      View Details
    • $825,000

      Newark City Specialty Property

      Specialty property available for rent in Newark City.
      154 Clifford St, Newark, NJ 07105
      View Details
    • $2,200 /Mo
      500 SF

      Renovated Office Retail Space Available

      Recently renovated office/retail space, ready for immediate occupancy.
      120 Elm St, Newark, NJ 07105
      View Details

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    Antonio Costa, Elizabeth, NJ
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    Antonio Costa, Elizabeth, NJ
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