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    237 Astor St Newark, NJ 07114

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    For Sale
    $1,575,000

    Recently renovated 6-unit multifamily property in Newark's Ironbound neighborhood.

    Lot size:
    0.06 Acres

    Property Features for 237 Astor St

    General Information

    Standard status
    Active
    Lot size
    0.06 Acres

    Building Details

    Year built
    1950

    Source: ROSA AGENCY Agent MONICA PINTO

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Multifamily in Ironbound Newark

    Located in Newark's Ironbound neighborhood, this recently renovated 6-family property offers access to New York City, approximately 20 minutes by train via Newark Penn Station. The property is also near other major transit hubs, including Newark International Airport. Each of the six units features 2 bedrooms and 1 bathroom, modern finishes, stainless steel appliances, and separate utilities. This property is suitable for investors seeking steady cash flow and a long-term investment in the Newark real estate market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Dental Office Spa & Massage Restaurant Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1739904
    Latitude
    40.719078

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    FAQs

    What type of property is this?
    Apartment building - Recently renovated 6-unit multifamily property in Newark's Ironbound neighborhood.
    Where is this apartment building located?
    The property is located at 237 Astor St Newark, NJ.
    What is the asking price?
    The asking price for this property is $1,575,000.
    What are key features of this property?
    This property features: - Prime Ironbound location in Newark with exceptional access to NYC (20 mins by train).; - Six fully renovated 2BR/1BA units with modern finishes and stainless steel appliances.; - Separate utilities for each unit.
    (973) 589-7550
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    237 Astor St Newark, NJ 07114
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    Newark, NJ 07114
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    237 Astor St Newark, NJ 07114
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