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Building Details

Year Built 2025

Units 3

Listing Agency: SKY REALTY ASSOCIATES

Listed By: GIANCARLO VARGAS · License #260268 Show Phone

Source: Elliman

Added: Nov 27, 2025 Changed: Sep 30 Last Checked: Oct 14 at 11:46PM

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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 SKY REALTY ASSOCIATES

Investment Insights

Based on property information with market context.

This is a new construction three-family house located near Newark Liberty International Airport. The property is currently under construction. It may qualify for a 5-year tax abatement and a 10-year home warranty. The property presents opportunities for short-term rental ventures.

Key Highlights

• Brand new construction (2025)
• Qualifies for 5‑year tax abatement
• 10‑year home warranty included

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Gym & Fitness Center Kitchen & Bath Showroom HVAC Service

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

Location Intelligence

Trade Area within ½ mile

597

Businesses Nearby

Explore this area Business Placement

Demographics for 07114, NJ

17,767

Population

4,694

Households

3.8

Avg Household Size

39

Median Age

9%

College-Educated

69%

High-School Grad

7.9 sq mi

ZIP Area

2,249

Density / Sq Mi

$34,167

Median Household Income

$35,916

Median Earnings

$616

Median Rent

$384,700

Median Home Value

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?

Triplex - New construction triplex, potential for short-term rental income.

Where is this triplex located?

The property is located at 20 Garibaldi Ave Newark, NJ.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: Brand new construction (2025); Qualifies for 5‑year tax abatement; 10‑year home warranty included