39 Halsted St Newton, NJ 07860

Listing agency JVD REALTY ADVISORS LLC

Listed by Jeanie Donato · License #NJ 9486580

Source Crexi

Added: Apr 11 Updated: Jul 21 at 9:22PM Checked: Jul 22 at 5:40PM

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Investment Insights

Based on property information with market context.

This licensed 13-unit rooming house is configured with 11 single rooms, plus one studio and one efficiency unit. The property includes 3 full baths. A property manager lives on site and occupies one unit as part of compensation to operate the building.

The property is located at 39 Halsted St in Newton, NJ. It was recently inspected, with an oil tank removed and a certificate issued with no issues.

Reported financials include GOI of $135K and NOI of $100K, with an indicated cap rate of 11.47%.

Key Highlights

• Licensed 13‑unit rooming house with 11 singles, 1 studio, and 1 efficiency unit
• 3 full baths
• On‑site property manager lives on the property and occupies 1 unit as part of compensation

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FAQs

What type of property is this?

Apartment building - Licensed 13-unit rooming house with 11 singles, one studio, one efficiency unit, and on-site property management.

Where is this apartment building located?

The property is located at 39 Halsted St Newton, NJ.

What are key features of this property?

This property features: Licensed 13‑unit rooming house with 11 singles, 1 studio, and 1 efficiency unit; 3 full baths; On‑site property manager lives on the property and occupies 1 unit as part of compensation