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    416 Summer Ave Newark, NJ 07104

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    For Lease
    $1,900 /Mo

    Comfortable 2-bedroom apartment in Newark, available October 1st.

    Lot size:
    0.04 Acres

    Property Features for 416 Summer Ave

    General Information

    Lot size
    0.04 Acres

    Building Details

    Year built
    1905

    Source: DIAS & ASSOCIATES REALTY Agent MIRIAM ENCALADA

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

    Overview

    Inviting Apartment with Renovations

    This is an inviting apartment located on the 2nd floor. The apartment features two bedrooms of nice size with generous closet space and large windows that allow for plenty of daylight. The unit includes a full bathroom and a kitchen. The landlord is currently working on renovations, including painting and flooring. The apartment is expected to be ready for occupancy by October 1st. The tenant is responsible for electricity and heat.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    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
    -74.1683015
    Latitude
    40.7658734

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    FAQs

    What type of property is this?
    Multifamily property - Comfortable 2-bedroom apartment in Newark, available October 1st.
    Where is this multifamily property located?
    The property is located at 416 Summer Ave Newark, NJ.
    What are key features of this property?
    This property features: - Two nice-sized bedrooms; - Generous closet space; - Large windows providing plenty of daylight
    (973) 751-1552
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    416 Summer Ave 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
    416 Summer Ave Newark, NJ 07104
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