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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: Oct 4 Last Checked: Oct 15 at 12:13AM

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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 three-family house under construction. Located near Newark Liberty International Airport, the property qualifies for a 10-year home warranty and a 5-year tax abatement. The house is expected to be ready by Summer. Note that provided pictures are for reference only.

Key Highlights

• Brand new 3‑family house under construction.
• Qualifies for a 10‑year home warranty.
• Take advantage of the 5‑year tax abatement.

Property Analytics

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Current Use

Triplexes

Suggested Use

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

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

576

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 near Newark Airport with tax abatement.

Where is this triplex located?

The property is located at 28 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 3‑family house under construction.; Qualifies for a 10‑year home warranty.; Take advantage of the 5‑year tax abatement.