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    56-58 Pine Grove Ter, Unit UPPER Newark, NJ 07106

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    For Lease
    $3,300 /Mo

    Five-bedroom, two-bathroom unit near park and shopping.

    Source: CHRISTIE'S INTERNATIONAL REAL ESTATE GROUP

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

    Overview

    Spacious Multi-Story Newark Apartment

    This multi-story unit, located on the upper floor, features 5 bedrooms and 2 bathrooms. Situated in the Lower Vailsburg section of Newark, the property is within walking distance of a park and shopping. A bus station providing access to downtown Newark and Newark's Penn Station is located nearby. Street parking is available. Intended use is residential.
    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
    -74.2236363
    Latitude
    40.7433187

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    FAQs

    What type of property is this?
    Apartment building - Five-bedroom, two-bathroom unit near park and shopping.
    Where is this apartment building located?
    The property is located at 56-58 Pine Grove Ter, Unit UPPER Newark, NJ.
    What are key features of this property?
    This property features: - 5 bedrooms; - 2 bathrooms; - Walking distance to park and shopping
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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
    56-58 Pine Grove Ter, Unit UPPER Newark, NJ 07106
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