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    204 Chancellor Ave, Unit 1 Newark, NJ 07112

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    For Lease
    $2,800 /Mo

    Bright, spacious, renovated 3-bedroom apartment in Weequahic, Newark.

    Lot size:
    0.10 Acres

    Property Features for 204 Chancellor Ave

    General Information

    Lot size
    0.10 Acres

    Building Details

    Year built
    1930

    Source: GRAND GREENE REALTY LLC Agent KERRYANNE ROBINSON

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

    Overview

    Renovated Three-Bedroom Apartment Available

    This newly renovated apartment features three bedrooms and one full bath. The unit is bright, spacious, and sunny. High-end backsplash and countertops are featured in the apartment, along with stainless steel appliances, including a five-burner stove and a dishwasher. For climate control, split air units are installed in each room. Large closets and a living room with a built-in bookcase are included. A relaxing and private outdoor space is available. Laundry facilities are located on the premises. Situated in the residential area of Weequahic, the property is near major transportation hubs, facilitating commuting. The location also provides proximity to major hospitals, highways, restaurants, and parks.
    Insight Report Location Intelligence

    Current Use by Public Records

    Chancellor Avenue Laundromat Laundromat

    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
    -74.2172588
    Latitude
    40.7069783

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    FAQs

    What type of property is this?
    Multifamily property - Bright, spacious, renovated 3-bedroom apartment in Weequahic, Newark.
    Where is this multifamily property located?
    The property is located at 204 Chancellor Ave, Unit 1 Newark, NJ.
    What are key features of this property?
    This property features: - Newly renovated with **high-end backsplash and countertops**, **stainless steel appliances** including 5 burner stove and dishwasher.; - Split air units in each room for personalized climate control.; - Convenient location in Weequahic near major transportation hubs, hospitals, highways, restaurants, and parks.
    (973) 233-7139
    Request Owner's contact information
    204 Chancellor Ave, Unit 1 Newark, NJ 07112
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    Newark, NJ 07112
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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
    204 Chancellor Ave, Unit 1 Newark, NJ 07112
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