Apartment Building with
44 Irvine Turner Blvd # 105, Newark, NJ 07103
For Sale
New
Contact for pricing
Studio, one-bedroom, and two-bedroom apartments share a landscaped courtyard, fitness room, pergola, and designated yoga area.
Property Size980 SF
Price / SF$2.70
Days on Market2
Property Features for 44 Irvine Turner Blvd # 105
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
courtyard
lounge chairs
pergola
zen area
gym
Wood
Electric
First
2 Bedrooms,Bath Main,Bath(s) Other,Kitchen,Living Room
2
In Unit
Carbon Monoxide Detector,Fire Extinguisher,Smoke Detector
Bathroom
Public Water
47750SF
1.10
Building Details
Year Built
Listing Agency:
(551) 239-8040
Listed By:
Justin Robinson
Source:
Skyrealtyintl
Added: Nov 8
Last Checked: Nov 9 at 8:08AM
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 Justin Robinson
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2023, this Newark apartment property offers studio, one-bedroom, and two-bedroom layouts. Shared amenities include a landscaped courtyard with lounge seating, a pergola, a designated yoga area, and a fitness room. The listed address is 44 Irvine Turner Blvd #105.
Branch Brook Park and University Heights are among the named area references. The property information also describes nearby schools and educational institutions, along with local shops and boutiques.
Branch Brook Park and University Heights are among the named area references. The property information also describes nearby schools and educational institutions, along with local shops and boutiques.
Key Highlights
- Apartment layouts include studios, one‑bedroom, and two‑bedroom units
- Built in 2023
- Shared courtyard with landscaped areas and lounge seating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,801
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,020
$356.0K
Cap Rate 7%
$254,300
$254.3K
Cap Rate 9%
$197,789
$197.8K
Market Conditions
NOI Build-Up for 980 SF
Gross rent
$34.1K $34.80/SF
− Vacancy
−$1.7K −$1.77/SF
EGI
$32.4K $33.03/SF
− OpEx
−$14.6K −$14.86/SF
NOI
$17.8K $18.16/SF
Area
ZIP 07103
Vacancy
5.10%
Lease Rate
$34.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,020
Cap Rate 7%
$254,300
Cap Rate 9%
$197,789
Alternative Uses
Best Use
Apartment 5plus
$254.3K
$222.5K – $296.7K
NOI $17,801 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$350.5K
$306.7K – $408.9K
NOI $24,536 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
2,732
Businesses Nearby
Explore this area
Business Placement
Demographics for 07103, NJ
39,439
Population
13,832
Households
2.9
Avg Household Size
30
Median Age
21%
College-Educated
81%
High-School Grad
2.2 sq mi
ZIP Area
17,927
Density / Sq Mi
$42,397
Median Household Income
$34,278
Median Earnings
$1,289
Median Rent
$259,300
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Newark, NJ
Properties on Market for Residential income properties in Newark
Frequently Asked Questions
What type of property is this?
Residential income property - Studio, one-bedroom, and two-bedroom apartments share a landscaped courtyard, fitness room, pergola, and designated yoga area.
Where is this residential income property located?
The property is located at 44 Irvine Turner Blvd # 105 Newark, NJ.
What are key features of this property?
This property features: Apartment layouts include studios, one‑bedroom, and two‑bedroom units; Built in 2023; Shared courtyard with landscaped areas and lounge seating
