Victorian Brownstone in Washington
35 James St, Newark, NJ 07102
Historic 3-story Victorian with original fireplaces and Tiffany glass.
Type:Commercial
Property size:
3,648 SFLot size:
0.06 AcresPrice / SF:
$353/SF- Added:
- Mar 28, 2026
- Days on Market:
- 52
- Last Refresh:
- Mar 28 at 8:08 pm
Property Features for 35 James St
General Information
- Standard status
- Active
- Size
- 3,648 SF
- Lot size
- 0.06 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1890
Listing agent FLORIDENIA NUNEZ
Listing office KELLER WILLIAMS CITY VIEWS REALTY (201) 592-8900
Listing date Mar 28, 2026
Source Corcoran
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 KELLER WILLIAMS CITY VIEWS REALTY
HighLights
- Authentic 1890 Victorian Brownstone with significant historic architectural details: 10 original fireplaces, Tiffany stained glass (including Eye of Providence and Piano Motif), and intricate woodwork.
- Large 3,648 sq. ft. three‑story layout with 7 bedrooms and 3 bathrooms, offering ample space for living or business.
- Prime location in Newark's vibrant Washington Park Cultural District, near museums, universities, and entertainment venues (Prudential Center, NJPAC).
- Outdoor entertaining space: Sunroom leading to a spacious deck with built‑in seating and a fenced backyard ready for landscaping.
- High ceilings throughout, including the unfinished basement with a bathroom, providing potential for customization and expansion.
- Heavy‑duty fire escape system spanning all levels, ensuring safety and peace of mind.
Overview
Located at 35 James St in Newark's vibrant Washington Park Cultural District, this 3-story, 3,648 sq. ft. Victorian Brownstone, built in 1890, features 7 bedrooms and 3 bathrooms. The property showcases 10 original decorative 1890 fireplaces and Tiffany stained glass, including the Eye of Providence and Piano Motif, plus a sunlit Tiffany skylight panel. Currently used as a commercial office, converting back to residential use requires approval from the zoning officer. The property includes intricate woodwork, soaring ceilings, and an unfinished basement with high ceilings and a bathroom. A sunroom connects to a spacious deck with permanent bench seating. The fenced backyard offers landscaping potential. A heavy-duty fire escape system spans all levels. The property is near The Newark Museum of Arts, Audible, The Pillars, Rutgers University, and minutes from Prudential Center, NJPAC, NJIT, and Symphony Hall. The property is suitable for luxurious living or entrepreneurial ventures.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$791.8K
NOI $71,265 @ 9.00% cap · cautious / downside scenario
Moderate
$1.02M
NOI $71,265 @ 7.00% cap · market / base-case scenario
Aggressive
$1.43M
NOI $71,265 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $123.9k | $33.96 |
| − Vacancy | −$28.9k | −$7.91 |
| EGI | $95.0k | $26.05 |
| − OpEx | −$23.8k | −$6.51 |
| NOI | $71.3k | $19.54 |
3,648 SF · lease $33.96/SF/yr · vacancy 23.30% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.02M
$890.8K – $1.19M
NOI $71,265 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,478 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Assurance Title Services ...
Title Company
Assurance Realty Group ...
Real Estate Agency
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Essex
- State
- New Jersey
- Longitude
- -74.1721884
- Latitude
- 40.7443276
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Historic 3-story Victorian with original fireplaces and Tiffany glass.
Where is this office building located?
The property is located at 35 James St Newark, NJ.
What is the asking price?
The asking price for this property is $1,288,888.
What are key features of this property?
This property features: Authentic 1890 Victorian Brownstone with **significant historic architectural details**: 10 original fireplaces, Tiffany stained glass (including Eye of Providence and Piano Motif), and intricate woodwork.; Large 3,648 sq. ft. three‑story layout with 7 bedrooms and 3 bathrooms, offering ample space for living or business.; Prime location in Newark's vibrant Washington Park Cultural District, near museums, universities, and entertainment venues (Prudential Center, NJPAC).
