Side-by-Side
For Sale
$784,000
366 Ferry St 2, Newark, NJ 07105
Residential zoning, central air, and off-street parking are among the property’s features.
Property Size2,400 SF
Price / SF$326.67
Days on Market13
Property Features for 366 Ferry St 2
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Residential Income
Zoning
residential
Site & Location
Neighborhood
Ironbound
Taxes and HOA fees
Annual Taxes
$6,114
Amenities
Central Air
Forced Air, Natural Gas
Unfinished
Gas Water Heater
Concrete, Off Street
2-Two Story, Duplex-Side by Side
Building Details
Stories
2
Listed By:
ANTONIO M RODRIGUES
(908) 360-5144
Source:
Evrealestate
Added: Oct 12
Changed: Oct 22
Last Checked: Oct 23 at 7:14AM
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 ANTONIO M RODRIGUES
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story, side-by-side duplex in Newark has central air conditioning, forced-air natural gas heat, and a gas water heater. The property also includes an unfinished area and concrete off-street parking.
The address is 366 Ferry St in Newark, near the corner of Ferry and Market streets. Residential zoning applies.
The address is 366 Ferry St in Newark, near the corner of Ferry and Market streets. Residential zoning applies.
Key Highlights
- Two‑story, side‑by‑side duplex
- Central air conditioning and forced‑air natural gas heat
- Gas water heater and unfinished area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,829
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$736,580
$736.6K
Cap Rate 7%
$526,129
$526.1K
Cap Rate 9%
$409,211
$409.2K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$70.6K $29.40/SF
− Vacancy
−$3.6K −$1.50/SF
EGI
$67.0K $27.90/SF
− OpEx
−$30.1K −$12.56/SF
NOI
$36.8K $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 Rate 5%
$736,580
Cap Rate 7%
$526,129
Cap Rate 9%
$409,211
Alternative Uses
Best Use
Apartment 5plus
$526.1K
$460.4K – $613.8K
NOI $36,829 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$858.4K
$751.1K – $1.00M
NOI $60,088 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
2,009
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
Frequently Asked Questions
What type of property is this?
Residential income property - Residential zoning, central air, and off-street parking are among the property’s features.
Where is this residential income property located?
The property is located at 366 Ferry St 2 Newark, NJ.
What is the asking price?
The asking price for this property is $784,000.
What are key features of this property?
This property features: Two‑story, side‑by‑side duplex; Central air conditioning and forced‑air natural gas heat; Gas water heater and unfinished area
