Two-Story Multifamily
360 Sanford Ave, Newark, NJ 07106
For Sale
$665,000
Pending
The 2018-built property has central air and forced-air heating fueled by natural gas.
Property Size2,368 SF
Days on Market190
Property Features for 360 Sanford Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Amenities
Central Air
Forced Air, Natural Gas
Concrete, On Street, Attached
2-Two Story
Building Details
Year Built
Stories
Listing Agency:
Harkes Realty and Associates
Listed By:
FAREEDA STOKES · License NJ #227869
(609) 337-2489
Source:
Evrealestate
Added: May 4
Changed: Nov 8
Last Checked: Nov 8 at 5:56AM
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 Harkes Realty and Associates
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Investment Insights
Based on property information with market context.
This multifamily property was built in 2018 and contains 2,368 square feet. The two-story building has central air conditioning and forced-air heating powered by natural gas.
The property is at 360 Sanford Ave in Newark, Essex County. Exterior details include concrete and attached features, with on-street parking noted.
The property is at 360 Sanford Ave in Newark, Essex County. Exterior details include concrete and attached features, with on-street parking noted.
Key Highlights
- Built in 2018
- 2,368 square feet
- Two‑story construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,770
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$715,400
$715.4K
Cap Rate 7%
$511,000
$511.0K
Cap Rate 9%
$397,444
$397.4K
Market Conditions
NOI Build-Up for 2,368 SF
Gross rent
$69.3K $29.28/SF
− Vacancy
−$4.3K −$1.82/SF
EGI
$65.0K $27.46/SF
− OpEx
−$29.3K −$12.36/SF
NOI
$35.8K $15.11/SF
Area
ZIP 07106
Vacancy
6.20%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$715,400
Cap Rate 7%
$511,000
Cap Rate 9%
$397,444
Alternative Uses
Best Use
Apartment 5plus
$511.0K
$447.1K – $596.2K
NOI $35,770 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$926.4K
$810.6K – $1.08M
NOI $64,845 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,350
Businesses Nearby
Explore this area
Business Placement
Demographics for 07106, NJ
34,596
Population
13,633
Households
2.5
Avg Household Size
35
Median Age
18%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
24,711
Density / Sq Mi
$48,105
Median Household Income
$34,820
Median Earnings
$1,221
Median Rent
$321,400
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Newark, NJ
Properties on Market for Multifamily properties in Newark
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The 2018-built property has central air and forced-air heating fueled by natural gas.
Where is this multifamily property located?
The property is located at 360 Sanford Ave Newark, NJ.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: Built in 2018; 2,368 square feet; Two‑story construction
