For Sale
$1,700,000
215-219 Littleton Ave #1, Newark, NJ 07103
Triplexes
Property Size7,800 SF
Price / SF$217.95
Days on Market173
Property Features for 215-219 Littleton Ave #1
General Information
Standard status
Active
Size
7,800 SF
Total Parking Spaces
25
Property subtype
Commercial
Zoning
r2
Site & Location
Neighborhood
West Side
Building Details
Building Size
7,800 SF
Year Built
1910
Stories
3
Units
3
Listing Agency:
Sky Realty Associates
(973) 344-8880
Listed By:
Mehreen Khan
(973) 763-2000
Source:
Culturaunitedrealty
Added: May 5
Changed: Oct 23
Last Checked: Oct 23 at 10:15AM
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
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$155,872
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,117,440
$3.1M
Cap Rate 7%
$2,226,743
$2.2M
Cap Rate 9%
$1,731,911
$1.7M
Market Conditions
NOI Build-Up for 7,800 SF
Gross rent
$234.0K $30.00/SF
− Vacancy
−$11.3K −$1.45/SF
EGI
$222.7K $28.55/SF
− OpEx
−$66.8K −$8.56/SF
NOI
$155.9K $19.98/SF
Area
ZIP 07103
Vacancy
4.84%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,117,440
Cap Rate 7%
$2,226,743
Cap Rate 9%
$1,731,911
Alternative Uses
Best Use
Multifamily LT 5
$2.23M
$1.95M – $2.60M
NOI $155,872 @ 7.0% cap · market cap 9.17%
Second Best
Apartment 5plus
$2.02M
$1.77M – $2.36M
NOI $141,678 @ 7.0% cap · market cap 8.33%
Theoretical Best
Office A
$2.79M
$2.44M – $3.25M
NOI $195,287 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,627
Businesses Nearby
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Business Placement
Demographics for 07103, NJ
39,439
Population
13,832
Households
2.9
Avg Household Size
30
Median Age
21%
College-Educated
81%
High-School Grad
2.2 sq mi
ZIP Area
17,927
Density / Sq Mi
$42,397
Median Household Income
$34,278
Median Earnings
$1,289
Median Rent
$259,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
Where is this triplex located?
The property is located at 215-219 Littleton Ave #1 Newark, NJ.
What is the asking price?
The asking price for this property is $1,700,000.
