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    53 2Nd Ave, Unit 3 Newark, NJ 07104

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    For Lease
    $2,400 /Mo

    Two-bedroom apartment in Newark's sought-after Forest Hill neighborhood.

    Lot size:
    0.07 Acres

    Property Features for 53 2Nd Ave

    General Information

    Lot size
    0.07 Acres

    Building Details

    Year built
    1901

    Source: COLDWELL BANKER REALTY Agent SUZAN ADEDIPE

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

    Overview

    Spacious Apartment in Forest Hill

    Located in the Forest Hill section of Newark, this is a 2-bedroom, 1-bath third floor apartment. It features an open-concept living and dining area, an updated kitchen, and a modern full bath. The bedrooms are spacious, and there is storage throughout. The apartment offers a blend of historic charm and contemporary updates. It is located minutes from Branch Brook Park and offers commuting options with nearby NJ Transit bus routes and the Newark Light Rail, which connects directly to Newark Penn Station and New York City. Shops, restaurants, and daily essentials are within walking distance.
    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
    -74.1706626
    Latitude
    40.7622212

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    FAQs

    What type of property is this?
    Apartment building - Two-bedroom apartment in Newark's sought-after Forest Hill neighborhood.
    Where is this apartment building located?
    The property is located at 53 2Nd Ave, Unit 3 Newark, NJ.
    What are key features of this property?
    This property features: - Highly desirable Forest Hill location in Newark.; - Convenient access to NYC via Newark Light Rail and Newark Penn Station.; - Walking distance to shops, restaurants, and daily essentials.
    (973) 376-5200
    Request Owner's contact information
    53 2Nd Ave, Unit 3 Newark, NJ 07104
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    Newark, NJ 07104
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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
    53 2Nd Ave, Unit 3 Newark, NJ 07104
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