Three-Story Residential Income
190 Smith St, Newark, NJ 07106
For Sale
$735,000
A finished interior and natural-gas heat pump serve this income-producing residential asset.
Property Size2,200 SF
Price / SF$334.09
Days on Market21
Property Features for 190 Smith St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Amenities
Heat Pump, Natural Gas
Finished
3-Three Story
Building Details
Year Built
Stories
Listing Agency:
eRealty Advisors, Inc
Listed By:
YEHUDA PRAVER
(917) 816-1072
Source:
Evrealestate
Added: Oct 20
Changed: Nov 8
Last Checked: Nov 8 at 6:20AM
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 eRealty Advisors, Inc
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Investment Insights
Based on property information with market context.
This residential income property contains 2,200 square feet and was built in 2007. The three-story structure has a finished interior, with a heat pump and natural gas noted among its features.
The property is at 190 Smith St in Newark, Essex County. Directions identify South Orange and Smith Street as the route to the site.
The property is at 190 Smith St in Newark, Essex County. Directions identify South Orange and Smith Street as the route to the site.
Key Highlights
- 2,200 square feet of interior space
- Built in 2007
- Three‑story building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,232
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,640
$664.6K
Cap Rate 7%
$474,743
$474.7K
Cap Rate 9%
$369,244
$369.2K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$64.4K $29.28/SF
− Vacancy
−$4.0K −$1.82/SF
EGI
$60.4K $27.46/SF
− OpEx
−$27.2K −$12.36/SF
NOI
$33.2K $15.11/SF
Area
ZIP 07106
Vacancy
6.20%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,640
Cap Rate 7%
$474,743
Cap Rate 9%
$369,244
Alternative Uses
Best Use
Apartment 5plus
$474.7K
$415.4K – $553.9K
NOI $33,232 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$860.6K
$753.1K – $1.00M
NOI $60,245 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,426
Businesses Nearby
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Business Placement
Demographics for 07106, NJ
34,596
Population
13,633
Households
2.5
Avg Household Size
35
Median Age
18%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
24,711
Density / Sq Mi
$48,105
Median Household Income
$34,820
Median Earnings
$1,221
Median Rent
$321,400
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Newark, NJ
Properties on Market for Residential income properties in Newark
Frequently Asked Questions
What type of property is this?
Residential income property - A finished interior and natural-gas heat pump serve this income-producing residential asset.
Where is this residential income property located?
The property is located at 190 Smith St Newark, NJ.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: 2,200 square feet of interior space; Built in 2007; Three‑story building
