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Renovated Studio Apartment
For Lease
$2,950/Mo

192 Market St, Newark, NJ 07102

Recently renovated studio living in downtown Newark with in-building laundry and elevator access for everyday convenience.

Space SizeContact for details
Property Size500 SF
Days on Market101

Property Features for 192 Market St

General Information

Standard status Active
Size 500 SF
Property subtype Commercial / Office

Taxes and HOA fees

Annual Taxes $15,996

Building Details

Building Size 500 SF
Year Built 1920
Units 1
Listing Agency: DRISCOLL REAL ESTATE LLC
Listed By: PATRICK JON DRISCOLL
Source: Elliman
Added: Jun 17 Changed: Sep 24 Last Checked: Sep 24 at 11:45AM

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 DRISCOLL REAL ESTATE LLC

Investment Insights

Based on property information with market context.

This recently renovated studio apartment offers updated finishes and practical in-unit livability with laminate and tile flooring, a new kitchen, and ample natural light. The building includes an elevator for easy access, and washer and dryer are available in the building, supporting day-to-day convenience.

Set in the heart of downtown Newark, the property is within walking distance of the downtown district’s amenities and services. Public transit access is a key benefit, with NJ Transit train and bus options reachable on foot. Reported walk and transit scores reflect this convenience, with a Walk Score of 98 and Transit Score of 95, along with a Bike Score of 56.

Designed for tenants seeking an efficient, low-maintenance setup in an active urban area, the studio configuration can work well for individuals looking to live close to transit and daily amenities. The combination of recently updated interiors, elevator service, and in-building laundry helps reduce routine friction for commuting and errands, while keeping the lifestyle centered around downtown Newark.

Key Highlights

  • Downtown Newark studio apartments in a 1920‑built building
  • Recently renovated units with laminate and tile flooring
  • New kitchens in the studio apartments

Property Analytics

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Current Use

Age Management Therapy ... Corporate Office M.AKE E.ARTH G.REEN ... Sustainability Organization

Suggested Use

Top Pick Veterinary Clinic (Bike/Boat/Book/etc) Store Nursing Home Carpet & Flooring Store Pet Grooming Service Buffet

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,195
Businesses Nearby

Demographics for 07102, NJ

15,047
Population
6,574
Households
2.3
Avg Household Size
34
Median Age
30%
College-Educated
82%
High-School Grad
1.1 sq mi
ZIP Area
13,679
Density / Sq Mi
$37,093
Median Household Income
$42,234
Median Earnings
$1,141
Median Rent
$293,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Recently renovated studio living in downtown Newark with in-building laundry and elevator access for everyday convenience.
Where is this multifamily property located?
The property is located at 192 Market St Newark, NJ.
What is the lease rate?
The lease rate is $2,950/Mo.
What are key features of this property?
This property features: Downtown Newark studio apartments in a 1920‑built building; Recently renovated units with laminate and tile flooring; New kitchens in the studio apartments
More about this property
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