New Construction Duplex with
New
For Sale
$1,450,000
43 John St, Kearny, NJ 07032
Two residential units offer open layouts, modern finishes, natural light, and in-unit laundry.
Property Size5,100 SF
Price / SF$284.31
Days on Market6
Property Features for 43 John St
General Information
Standard status
Active
Size
5,100 SF
Total Parking Spaces
2
Property subtype
Commercial
Additional Details
Public Transit
Yes
Multifamily Units
2
Listing Agency:
Coccia Realty Better Homes & Gardens
(201) 857-8777
Listed By:
Guillaume DaSilva ()
Source:
Fortuneluxuryrealty
Added: Aug 26
Changed: Aug 31
Last Checked: Aug 31 at 1:39AM
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 Coccia Realty Better Homes & Gardens
Investment Insights
Based on property information with market context.
This new-construction duplex contains approximately 5,100 square feet across two residential units. The first-floor and ground-floor configuration includes four bedrooms and three full baths, while the second-floor unit provides three bedrooms, an office, two baths, an en suite bath, and in-unit laundry. Large windows, hardwood flooring, quartz countertops, stainless steel appliances, and central heating and cooling are incorporated throughout the property.
An attached 2-car garage and paved driveway provide on-site parking. The property also includes a deck and is positioned near public transportation and local shops, with access to central areas. Construction is currently underway and includes a 10-year warranty.
An attached 2-car garage and paved driveway provide on-site parking. The property also includes a deck and is positioned near public transportation and local shops, with access to central areas. Construction is currently underway and includes a 10-year warranty.
Key Highlights
- Brand‑new two‑family construction totaling approximately 5,100 sqft
- First‑floor and ground‑floor configuration includes 4 bedrooms and 3 full baths
- Second‑floor unit includes 3 bedrooms, an office, 2 bathrooms, and an en suite bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$85,355
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,707,100
$1.7M
Cap Rate 7%
$1,219,357
$1.2M
Cap Rate 9%
$948,389
$948.4K
Market Conditions
NOI Build-Up for 5,100 SF
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.
Gross rent
$130.4K $25.56/SF
− Vacancy
−$8.4K −$1.65/SF
EGI
$121.9K $23.91/SF
− OpEx
−$36.6K −$7.17/SF
NOI
$85.4K $16.74/SF
Area
Hudson County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,707,100
Cap Rate 7%
$1,219,357
Cap Rate 9%
$948,389
Alternative Uses
Best Use
Multifamily LT 5
$1.22M
$1.07M – $1.42M
NOI $85,355 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$1.12M
$980.4K – $1.31M
NOI $78,428 @ 7.0% cap · market cap 5.41%
Theoretical Best
Warehouse
$1.85M
$1.62M – $2.15M
NOI $129,273 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,721
Businesses Nearby
Explore this area
Business Placement
Demographics for 07032, NJ
41,999
Population
15,340
Households
2.7
Avg Household Size
38
Median Age
29%
College-Educated
84%
High-School Grad
8.8 sq mi
ZIP Area
4,773
Density / Sq Mi
$83,212
Median Household Income
$45,251
Median Earnings
$1,649
Median Rent
$431,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer open layouts, modern finishes, natural light, and in-unit laundry.
Where is this duplex located?
The property is located at 43 John St Kearny, NJ.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Brand‑new two‑family construction totaling approximately 5,100 sqft; First‑floor and ground‑floor configuration includes 4 bedrooms and 3 full baths; Second‑floor unit includes 3 bedrooms, an office, 2 bathrooms, and an en suite bathroom
