Detached Residential Income
For Sale
$699,500
10 Bock Ave, Newark, NJ 07112
The detached property has natural gas service and unfinished interior space.
Property Size1,700 SF
Price / SF$411.47
Days on Market11
Property Features for 10 Bock Ave
General Information
Standard status
Active
Size
1,700 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$10,101
Amenities
Natural Gas
Unfinished
Detached
See Remarks
Building Details
Year Built
1927
Listing Agency:
Coldwell Banker Realty
Listed By:
MAIKOL PUEBLA · License #297129
(201) 710-0598
Source:
Evrealestate
Added: Oct 9
Changed: Oct 11
Last Checked: Oct 16 at 8:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This detached residential income property was built in 1927 and has natural gas service. Its interior is described as unfinished.
The property is at 10 Bock Ave in Newark, New Jersey. Directions reference Seymour Avenue and Eckert Avenue.
The property is at 10 Bock Ave in Newark, New Jersey. Directions reference Seymour Avenue and Eckert Avenue.
Key Highlights
- Detached residential income property
- Built in 1927
- Natural gas service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,300
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$526,000
$526.0K
Cap Rate 7%
$375,714
$375.7K
Cap Rate 9%
$292,222
$292.2K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$50.4K $29.64/SF
− Vacancy
−$2.6K −$1.51/SF
EGI
$47.8K $28.13/SF
− OpEx
−$21.5K −$12.66/SF
NOI
$26.3K $15.47/SF
Area
Newark, NJ
Vacancy
5.10%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$526,000
Cap Rate 7%
$375,714
Cap Rate 9%
$292,222
Alternative Uses
Best Use
Apartment 5plus
$375.7K
$328.8K – $438.3K
NOI $26,300 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$602.3K
$527.1K – $702.7K
NOI $42,164 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,775
Businesses Nearby
Explore this area
Business Placement
Demographics for 07112, NJ
29,773
Population
11,779
Households
2.5
Avg Household Size
34
Median Age
18%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
21,266
Density / Sq Mi
$55,171
Median Household Income
$35,709
Median Earnings
$1,334
Median Rent
$306,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The detached property has natural gas service and unfinished interior space.
Where is this residential income property located?
The property is located at 10 Bock Ave Newark, NJ.
What is the asking price?
The asking price for this property is $699,500.
What are key features of this property?
This property features: Detached residential income property; Built in 1927; Natural gas service
