Ground-Up Three-Unit
New
For Sale
$1,099,900
Pending
106 S 7Th St, Newark, NJ 07107
Ground-up triplex built in 2026 with six bathrooms and nine bedrooms, plus buyer-selected finishes during construction.
Property Size5,204 SF
Days on Market4
Property Features for 106 S 7Th St
General Information
Standard status
Pending
Size
5,204 SF
Property subtype
Multi Family
Building Details
Year Built
2026
Buildings
1
Tenancy
Multi
Listing Agency:
JD FRANCES REALTY & G.R.
(973) 744-2700
Listed By:
DEANNA F. SERY · License #282354
Source:
Elliman
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 31 at 6:18AM
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 JD FRANCES REALTY & G.R.
Investment Insights
Based on property information with market context.
This ground-up three-unit triplex is being built from the ground up with 5,204 SQ-FT of living space. Construction is underway as a new development, and the seller will allow the buyer(s) to pick finishes before construction is completed. The layout is designed as a three-family property with nine bedrooms and six bathrooms.
BikeScore is 50 (bikeable) and walkScore is 69 (somewhat walkable). transitScore is 61 (good transit).
Built in 2026, the property offers a fresh, modern configuration where finishes can be selected before completion, supporting both owner-occupant and rental uses common to a three-family asset.
BikeScore is 50 (bikeable) and walkScore is 69 (somewhat walkable). transitScore is 61 (good transit).
Built in 2026, the property offers a fresh, modern configuration where finishes can be selected before completion, supporting both owner-occupant and rental uses common to a three-family asset.
Key Highlights
- 5,204 SQ‑FT of living space in a ground‑up three‑unit triplex
- Built in 2026
- Seller allows buyer(s) to pick finishes before construction is completed
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $134.3k | $25.80 |
| − Vacancy | −$7.4k | −$1.42 |
| EGI | $126.9k | $24.38 |
| − OpEx | −$38.1k | −$7.31 |
| NOI | $88.8k | $17.07 |
5,204 SF · lease $25.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.27M
$1.11M – $1.48M
NOI $88,815 @ 7.0% cap · market cap 8.07%
Second Best
Apartment 5plus
$1.14M
$997.2K – $1.33M
NOI $79,773 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$2.04M
$1.78M – $2.38M
NOI $142,506 @ 7.0% cap · market cap 12.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,673
Businesses Nearby
Explore this area
Business Placement
Demographics for 07107, NJ
41,627
Population
16,084
Households
2.6
Avg Household Size
33
Median Age
13%
College-Educated
77%
High-School Grad
1.6 sq mi
ZIP Area
26,017
Density / Sq Mi
$49,892
Median Household Income
$35,700
Median Earnings
$1,259
Median Rent
$353,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Ground-up triplex built in 2026 with six bathrooms and nine bedrooms, plus buyer-selected finishes during construction.
Where is this triplex located?
The property is located at 106 S 7Th St Newark, NJ.
What is the asking price?
The asking price for this property is $1,099,900.
What are key features of this property?
This property features: 5,204 SQ‑FT of living space in a ground‑up three‑unit triplex; Built in 2026; Seller allows buyer(s) to pick finishes before construction is completed
