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Two-Story Quadplex with Garages
For Sale
$985,000

287 New York Ave, Newark, NJ 07105

Four apartments offer two- and three-bedroom layouts with separate utilities and a partially finished basement.

Property SizeContact for details
Lot Size0.11 Acres
Days on Market18

Property Features for 287 New York Ave

General Information

Standard status Active
Total Parking Spaces 2
Lot size 0.11 Acres
Property subtype Multi-Family

Additional Details

Public Transit Yes
Multifamily Units 4

Amenities

laundry area

Building Details

Year Built 1922
Buildings 1
Stories 2
Listing Agency: WEICHERT REALTORS - HOME CITY
Listed By: AUGUSTO VERISSIMO · License #9591085
Source: Luminancerealty
Added: Aug 12 Changed: Aug 28 Last Checked: Aug 28 at 7:58AM

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 WEICHERT REALTORS - HOME CITY

Investment Insights

Based on property information with market context.

Built in 1922, this two-story quadplex contains four apartments with two- and three-bedroom configurations. Each unit includes a kitchen, living room, dining area, full bathroom, and hardwood flooring. The property also features a partially finished basement with laundry facilities, separate utilities, a brick-front exterior with aluminum siding, and two detached rear garages for storage.

The building sits on an oversized 50' x 100' lot at 287 New York Ave in Newark's Ironbound section. Restaurants, shopping, entertainment, and public transportation are located nearby, placing the property within an established mixed-use neighborhood context.

Key Highlights

  • Four apartments with two- and three‑bedroom layouts
  • 50' x 100' oversized lot in Newark's Ironbound section
  • Two detached rear garages provide additional storage

Property Analytics

Current Use

PRESTIGE REMODELING LLC Home Appliance Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tanning Salon Locksmith Adult Day Care Pet Grooming Service Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

3,615
Businesses Nearby

Demographics for 07105, NJ

50,870
Population
20,608
Households
2.5
Avg Household Size
35
Median Age
15%
College-Educated
70%
High-School Grad
4.6 sq mi
ZIP Area
11,059
Density / Sq Mi
$55,752
Median Household Income
$33,175
Median Earnings
$1,600
Median Rent
$445,900
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?
Quadplex - Four apartments offer two- and three-bedroom layouts with separate utilities and a partially finished basement.
Where is this quadplex located?
The property is located at 287 New York Ave Newark, NJ.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: Four apartments with two- and three‑bedroom layouts; 50' x 100' oversized lot in Newark's Ironbound section; Two detached rear garages provide additional storage
More about this property
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