Newly Built
For Sale
$799,900
200 19th Ave, Irvington, NJ 07111
Owner’s residence includes an attached garage, private balcony, and contemporary kitchen finishes.
Property Size3,095 SF
Price / SF$258.45
Days on Market32
Property Features for 200 19th Ave
General Information
Standard status
Active
Size
3,095 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2026
Listing Agency:
KELLER WILLIAMS - NJ METRO GROUP
Listed By:
JAMES HUGHES · License #0454530
(201) 675-1210
Source:
Goldstandardrealty
Added: Aug 8
Changed: Sep 8
Last Checked: Sep 8 at 8:51AM
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 KELLER WILLIAMS - NJ METRO GROUP
Investment Insights
Based on property information with market context.
This newly constructed duplex includes two distinct residences designed for owner occupancy and supplemental rental use. The primary residence offers three bedrooms, two full bathrooms, a powder room, an open layout, quartz countertops, a tile backsplash, stainless steel appliances, central HVAC, a private balcony, and an attached garage. The second residence contains two bedrooms, two en suite bathrooms, a powder room, and matching finish selections.
Completed in 2026, the property is located at 200 19th Ave in Irvington Township, New Jersey. Ownership includes a 5-year tax abatement through the Township of Irvington’s redevelopment initiative and a 2-10 Home Buyers Warranty. The location records a 70 walk score, 56 transit score, and 48 bike score.
Completed in 2026, the property is located at 200 19th Ave in Irvington Township, New Jersey. Ownership includes a 5-year tax abatement through the Township of Irvington’s redevelopment initiative and a 2-10 Home Buyers Warranty. The location records a 70 walk score, 56 transit score, and 48 bike score.
Key Highlights
- Two‑family layout with a 3‑bedroom primary residence and separate 2‑bedroom residence
- Primary unit includes 2 full baths, a powder room, balcony, and attached garage
- Second residence features 2 bedrooms with an en suite bath for each
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,798
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,035,960
$1.0M
Cap Rate 7%
$739,971
$740.0K
Cap Rate 9%
$575,533
$575.5K
Market Conditions
NOI Build-Up for 3,095 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$79.1K $25.56/SF
− Vacancy
−$5.1K −$1.65/SF
EGI
$74.0K $23.91/SF
− OpEx
−$22.2K −$7.17/SF
NOI
$51.8K $16.74/SF
Area
Essex County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,035,960
Cap Rate 7%
$739,971
Cap Rate 9%
$575,533
Alternative Uses
Best Use
Multifamily LT 5
$740.0K
$647.5K – $863.3K
NOI $51,798 @ 7.0% cap · market cap 6.48%
Second Best
Apartment 5plus
$679.9K
$594.9K – $793.3K
NOI $47,595 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$808.2K
$707.2K – $942.9K
NOI $56,572 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,489
Businesses Nearby
Explore this area
Business Placement
Demographics for 07111, NJ
61,176
Population
24,176
Households
2.5
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
2.9 sq mi
ZIP Area
21,095
Density / Sq Mi
$59,232
Median Household Income
$37,640
Median Earnings
$1,324
Median Rent
$291,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Owner’s residence includes an attached garage, private balcony, and contemporary kitchen finishes.
Where is this duplex located?
The property is located at 200 19th Ave Irvington, NJ.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Two‑family layout with a 3‑bedroom primary residence and separate 2‑bedroom residence; Primary unit includes 2 full baths, a powder room, balcony, and attached garage; Second residence features 2 bedrooms with an en suite bath for each
