Renovation-Ready
New
For Sale
$299,999
29 Kossuth St, Newark, NJ 07105
The two-family residence requires renovation and is offered in its current condition.
Property Size1,680 SF
Lot Size0.06 Acres
Price / SF$178.57
Days on Market2
Property Features for 29 Kossuth St
General Information
Standard status
Active
Size
1,680 SF
Lot size
0.06 Acres
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
will require renovations
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1910
Listing Agency:
EXP REALTY, LLC
Listed By:
KATHRYN FEDAK
(732) 318-9393
Source:
Goldstandardrealty
Added: Sep 24
Last Checked: Sep 24 at 2:40PM
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 EXP REALTY, LLC
Investment Insights
Based on property information with market context.
This two-family duplex contains 1,680 square feet on a 25-by-100-foot lot. Built in 1910, the residence requires renovation and is being sold as-is, offering a clear picture of the work ahead for its next owner.
The property is in Newark’s North Ironbound, with access to routes 1&9 and 21, I-78, and the New Jersey Turnpike. Newark Penn Station is about a 14-minute walk away, with NJ Transit, PATH, Amtrak, Newark Light Rail, and bus service. Newark Liberty International Airport, Saint Michael’s and Beth Israel Medical Centers, Rutgers Newark, NJIT, and Seton Hall University are also nearby.
The property is in Newark’s North Ironbound, with access to routes 1&9 and 21, I-78, and the New Jersey Turnpike. Newark Penn Station is about a 14-minute walk away, with NJ Transit, PATH, Amtrak, Newark Light Rail, and bus service. Newark Liberty International Airport, Saint Michael’s and Beth Israel Medical Centers, Rutgers Newark, NJIT, and Seton Hall University are also nearby.
Key Highlights
- Two‑family duplex with 1,680 square feet
- 25x100 lot
- Built in 1910
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,780
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$515,600
$515.6K
Cap Rate 7%
$368,286
$368.3K
Cap Rate 9%
$286,444
$286.4K
Market Conditions
NOI Build-Up for 1,680 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$49.4K $29.40/SF
− Vacancy
−$2.5K −$1.50/SF
EGI
$46.9K $27.90/SF
− OpEx
−$21.1K −$12.56/SF
NOI
$25.8K $15.35/SF
Area
ZIP 07105
Vacancy
5.10%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$515,600
Cap Rate 7%
$368,286
Cap Rate 9%
$286,444
Alternative Uses
Best Use
Multifamily LT 5
$402.9K
$352.5K – $470.0K
NOI $28,201 @ 7.0% cap · market cap 9.40%
Second Best
Apartment 5plus
$368.3K
$322.3K – $429.7K
NOI $25,780 @ 7.0% cap · market cap 8.59%
Theoretical Best
Office A
$600.9K
$525.8K – $701.0K
NOI $42,062 @ 7.0% cap · market cap 14.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,271
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - The two-family residence requires renovation and is offered in its current condition.
Where is this duplex located?
The property is located at 29 Kossuth St Newark, NJ.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: Two‑family duplex with 1,680 square feet; 25x100 lot; Built in 1910
