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    241 N 16Th St Bloomfield, NJ 07003

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    For Lease
    $2,500 /Mo

    Comfortable 3-bedroom apartment with renovated eat-in kitchen and ample storage.

    Lot size:
    0.08 Acres

    Property Features for 241 N 16Th St

    General Information

    Lot size
    0.08 Acres

    Building Details

    Year built
    1950

    Source: COMPASS NEW JERSEY LLC Agent OSCAR CAJIAO

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

    Overview

    Spacious Bloomfield Apartment with Renovated Kitchen

    This spacious second-floor apartment features a renovated eat-in kitchen. The layout includes a separate living room and three bedrooms. One bedroom includes a large walk-in closet. Central air and forced hot air heating are installed. Hardwood floors are present in the main living areas, while the kitchen and bath feature tile flooring. The property is located in Bloomfield Twp., NJ.
    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
    Bloomfield
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1881413
    Latitude
    40.7749083

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    FAQs

    What type of property is this?
    Multifamily property - Comfortable 3-bedroom apartment with renovated eat-in kitchen and ample storage.
    Where is this multifamily property located?
    The property is located at 241 N 16Th St Bloomfield, NJ.
    What are key features of this property?
    This property features: - Fully renovated eat-in kitchen.; - Three bedrooms, including one with a large walk-in closet.; - Central air conditioning and forced hot air heating.
    (973) 310-7360
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    241 N 16Th St Bloomfield, NJ 07003
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    Bloomfield, NJ 07003
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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
    241 N 16Th St Bloomfield, NJ 07003
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