First-Floor Residential Income
299 S 19th St # 1, Newark, NJ 07103
For Sale
New
Contact for pricing
Available furnished or unfurnished, the unit can be leased as a whole or by individual room.
Property Size750 SF
Price / SF$2.93
Days on Market2
Property Features for 299 S 19th St # 1
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
keyless entry
recessed lighting
modern appliances
in-unit washer & dryer
2
In Unit
Public Water
25X100
0.06
Building Details
Year Built
Listing Agency:
CORCORAN SAWYER SMITH
(551) 239-8040
Listed By:
Andrea Lew
Source:
Skyrealtyintl
Added: Nov 8
Last Checked: Nov 9 at 8:09AM
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 CORCORAN SAWYER SMITH
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Investment Insights
Based on property information with market context.
At 299 S 19th St #1 in Newark, this 750-square-foot, first-floor unit was built in 2003. Interior features include recessed lighting, keyless entry, modern appliances, and an in-unit washer and dryer. Public water serves the property.
The unit may be offered with furnishings or without, and is available either in its entirety or on a room-by-room basis. Street parking is the stated parking arrangement.
The unit may be offered with furnishings or without, and is available either in its entirety or on a room-by-room basis. Street parking is the stated parking arrangement.
Key Highlights
- 750‑square‑foot first‑floor unit
- Built in 2003
- Can be leased as a whole or by individual room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,623
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,460
$272.5K
Cap Rate 7%
$194,614
$194.6K
Cap Rate 9%
$151,367
$151.4K
Market Conditions
NOI Build-Up for 750 SF
Gross rent
$26.1K $34.80/SF
− Vacancy
−$1.3K −$1.77/SF
EGI
$24.8K $33.03/SF
− OpEx
−$11.1K −$14.86/SF
NOI
$13.6K $18.16/SF
Area
ZIP 07103
Vacancy
5.10%
Lease Rate
$34.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,460
Cap Rate 7%
$194,614
Cap Rate 9%
$151,367
Alternative Uses
Best Use
Apartment 5plus
$194.6K
$170.3K – $227.1K
NOI $13,623 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$268.3K
$234.7K – $313.0K
NOI $18,778 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,240
Businesses Nearby
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Business Placement
Demographics for 07103, NJ
39,439
Population
13,832
Households
2.9
Avg Household Size
30
Median Age
21%
College-Educated
81%
High-School Grad
2.2 sq mi
ZIP Area
17,927
Density / Sq Mi
$42,397
Median Household Income
$34,278
Median Earnings
$1,289
Median Rent
$259,300
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Newark, NJ
Properties on Market for Residential income properties in Newark
Frequently Asked Questions
What type of property is this?
Residential income property - Available furnished or unfurnished, the unit can be leased as a whole or by individual room.
Where is this residential income property located?
The property is located at 299 S 19th St # 1 Newark, NJ.
What are key features of this property?
This property features: 750‑square‑foot first‑floor unit; Built in 2003; Can be leased as a whole or by individual room
