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14-16 Church Street, Sussex, NJ 07461
Two residential units share a building with baseboard heating and an electric water heater.
Property Size1,952 SF
Days on Market7
Property Features for 14-16 Church Street
General Information
Standard status
Active
Size
1,952 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$5,817
Amenities
Other
Baseboard
Partially Finished
Electric Water Heater
Building Details
Building Size
1,952 SF
Year Built
1900
Stories
2
Listing Agency:
Rimos International Inc DBA Re/Max Central
Listed By:
George Pavlushkin · License #1324942
(732) 972-1000
Source:
Evrealestate
Added: Oct 29
Changed: Nov 1
Last Checked: Nov 3 at 5:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rimos International Inc DBA Re/Max Central
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Investment Insights
Based on property information with market context.
This duplex at 14-16 Church Street in Sussex, New Jersey, was built in 1900. Interior features include baseboard heating and an electric water heater. A portion of the interior is finished.
Key Highlights
- Duplex property at 14‑16 Church Street in Sussex, NJ
- Built in 1900
- Baseboard heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,018
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,360
$600.4K
Cap Rate 7%
$428,829
$428.8K
Cap Rate 9%
$333,533
$333.5K
Market Conditions
NOI Build-Up for 1,952 SF
Gross rent
$58.6K $30.00/SF
− Vacancy
−$4.0K −$2.04/SF
EGI
$54.6K $27.96/SF
− OpEx
−$24.6K −$12.58/SF
NOI
$30.0K $15.38/SF
Area
Sussex County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,360
Cap Rate 7%
$428,829
Cap Rate 9%
$333,533
Alternative Uses
Best Use
Multifamily LT 5
$466.7K
$408.4K – $544.5K
NOI $32,669 @ 7.0% cap · market cap 3,266,900.00%
Second Best
Apartment 5plus
$428.8K
$375.2K – $500.3K
NOI $30,018 @ 7.0% cap · market cap 3,001,800.00%
Theoretical Best
Office A
$509.7K
$446.0K – $594.7K
NOI $35,679 @ 7.0% cap · market cap 3,567,900.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
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Business Placement
Demographics for 07461, NJ
18,530
Population
7,972
Households
2.3
Avg Household Size
44
Median Age
28%
College-Educated
93%
High-School Grad
83.0 sq mi
ZIP Area
223
Density / Sq Mi
$104,441
Median Household Income
$46,590
Median Earnings
$1,456
Median Rent
$338,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units share a building with baseboard heating and an electric water heater.
Where is this duplex located?
The property is located at 14-16 Church Street Sussex, NJ.
What are key features of this property?
This property features: Duplex property at 14‑16 Church Street in Sussex, NJ; Built in 1900; Baseboard heating
