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    59 Grand Ave Newark, NJ 07106

    For Lease
    $2,100 /Mo

    Spacious, renovated 2-bedroom apartment with on-site laundry and hardwood floors.

    Lot size:
    0.09 Acres

    Property Features for 59 Grand Ave

    General Information

    Lot size
    0.09 Acres

    Building Details

    Year built
    1920

    Source: WEICHERT REALTORS Agent NYISHA CLARK

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated 2-Bedroom Apartment Available

    This is a newly renovated, spacious 2-bedroom, 1-bathroom apartment located on the second floor. The unit features an updated kitchen and bath, as well as on-site laundry facilities in the basement. Beautiful hardwood floors are present in every room, and ceiling fans are installed in the bedrooms. The second-floor apartment is sunny and bright, with large windows that provide natural light. The property offers convenient access to places of worship, shopping, a hospital, and public transportation to New York City.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.219996
    Latitude
    40.7471793

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    FAQs

    What type of property is this?
    Apartment building - Spacious, renovated 2-bedroom apartment with on-site laundry and hardwood floors.
    Where is this apartment building located?
    The property is located at 59 Grand Ave Newark, NJ.
    What are key features of this property?
    This property features: - Convenient access to shopping, hospital, public transportation to NYC, and places of worship; - Newly renovated kitchen and bathroom; - Spacious 2-bedroom apartment
    (973) 994-4884
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    Newark, NJ 07106
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    59 Grand Ave Newark, NJ 07106
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