Three-Story Residential Income
New
For Sale
$865,000
243 N 19Th St, East Orange, NJ 07017
The 2012-built property offers a multi-level configuration and natural gas service.
Property Size2,208 SF
Price / SF$391.76
Days on Market3
Property Features for 243 N 19Th St
General Information
Standard status
Active
Size
2,208 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$17,854
Amenities
Natural Gas
3-Three Story
Building Details
Year Built
2012
Stories
3
Listing Agency:
ROSA AGENCY
Listed By:
GIANE A. LUZ
(862) 596-9043
Source:
Evrealestate
Added: Oct 17
Changed: Oct 19
Last Checked: Oct 19 at 2:13PM
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 ROSA AGENCY
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Investment Insights
Based on property information with market context.
This three-story residential income property was built in 2012 and contains 2,208 square feet. Natural gas service is listed among its interior features.
The property is on N 19th St in East Orange, Essex County, between Springdale Avenue and Crescent Place.
The property is on N 19th St in East Orange, Essex County, between Springdale Avenue and Crescent Place.
Key Highlights
- 2,208‑square‑foot residential income property
- Built in 2012
- Three‑story configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,955
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$679,100
$679.1K
Cap Rate 7%
$485,071
$485.1K
Cap Rate 9%
$377,278
$377.3K
Market Conditions
NOI Build-Up for 2,208 SF
Gross rent
$66.2K $30.00/SF
− Vacancy
−$4.5K −$2.04/SF
EGI
$61.7K $27.96/SF
− OpEx
−$27.8K −$12.58/SF
NOI
$34.0K $15.38/SF
Area
Essex County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$679,100
Cap Rate 7%
$485,071
Cap Rate 9%
$377,278
Alternative Uses
Best Use
Apartment 5plus
$485.1K
$424.4K – $565.9K
NOI $33,955 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$576.6K
$504.5K – $672.7K
NOI $40,359 @ 7.0% cap · market cap 4.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
1,043
Businesses Nearby
Explore this area
Business Placement
Demographics for 07017, NJ
39,054
Population
16,770
Households
2.3
Avg Household Size
37
Median Age
22%
College-Educated
88%
High-School Grad
2.3 sq mi
ZIP Area
16,980
Density / Sq Mi
$61,552
Median Household Income
$39,847
Median Earnings
$1,346
Median Rent
$316,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The 2012-built property offers a multi-level configuration and natural gas service.
Where is this residential income property located?
The property is located at 243 N 19Th St East Orange, NJ.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: 2,208‑square‑foot residential income property; Built in 2012; Three‑story configuration
