First-Floor
339 16th Ave # 1, Irvington, NJ 07111
For Sale
New
Contact for pricing
Interior improvements include a refreshed kitchen, bathroom, flooring, and fixtures.
Property Size1,200 SF
Price / SF$2.33
Days on Market2
Property Features for 339 16th Ave # 1
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Amenities
Laminate,Tile
Electric,Gas-Natural
First
4 Or More Bedrooms,Bath Main,Living Room,Media Room,Pantry
4
4th Bedroom
Pantry
Bathroom
City/Town Street
Public Water
25 X 100
0.06
Building Details
Year Built
Listing Agency:
DELTA PROPERTIES USA, LLC
(551) 239-8040
Listed By:
Reisha Baker
Source:
Skyrealtyintl
Added: Nov 8
Last Checked: Nov 8 at 2:35PM
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 DELTA PROPERTIES USA, LLC
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Investment Insights
Based on property information with market context.
This first-floor apartment offers 4 bedrooms within 1,200 square feet, along with a private entrance. Renovations include the kitchen, bathroom, flooring, fixtures, and finishes. The property was built in 1911.
Public transportation, shopping, schools, and parks are nearby, with access to the Garden State Parkway and I-78. The property has public water and a 25-by-100-foot lot.
Public transportation, shopping, schools, and parks are nearby, with access to the Garden State Parkway and I-78. The property has public water and a 25-by-100-foot lot.
Key Highlights
- Four‑bedroom, first‑floor apartment with a private entrance
- 1,200 square feet of interior space
- Renovated kitchen, bathroom, flooring, fixtures, and finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,454
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,080
$369.1K
Cap Rate 7%
$263,629
$263.6K
Cap Rate 9%
$205,044
$205.0K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$36.0K $30.00/SF
− Vacancy
−$2.4K −$2.04/SF
EGI
$33.6K $27.96/SF
− OpEx
−$15.1K −$12.58/SF
NOI
$18.5K $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%
$369,080
Cap Rate 7%
$263,629
Cap Rate 9%
$205,044
Alternative Uses
Best Use
Apartment 5plus
$263.6K
$230.7K – $307.6K
NOI $18,454 @ 7.0% cap · market cap 659.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$313.3K
$274.2K – $365.6K
NOI $21,934 @ 7.0% cap · market cap 783.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,269
Businesses Nearby
Explore this area
Business Placement
Demographics for 07111, NJ
61,176
Population
24,176
Households
2.5
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
2.9 sq mi
ZIP Area
21,095
Density / Sq Mi
$59,232
Median Household Income
$37,640
Median Earnings
$1,324
Median Rent
$291,500
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Irvington, NJ
Properties on Market for Residential income properties in Irvington
Frequently Asked Questions
What type of property is this?
Residential income property - Interior improvements include a refreshed kitchen, bathroom, flooring, and fixtures.
Where is this residential income property located?
The property is located at 339 16th Ave # 1 Irvington, NJ.
What are key features of this property?
This property features: Four‑bedroom, first‑floor apartment with a private entrance; 1,200 square feet of interior space; Renovated kitchen, bathroom, flooring, fixtures, and finishes
