474 15Th Ave Newark, NJ 07103
Mixed-use property with residential units and commercial storefront.
Property Features for 474 15Th Ave
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Lot size
- 0.06 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing office TWIN OAKS GROUP LLC (201) 305-0135
Listing date Mar 27, 2026
Source Corcoran
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 TWIN OAKS GROUP LLC
Investment Insights
Based on property information with market context.
Key Highlights
- Mixed‑use property with residential and commercial units offering excellent income potential.
- Prime corner location in a high‑demand urban area with strong visibility and foot traffic.
- Two residential units: one 3‑bedroom and one 2‑bedroom.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $111.4k | $34.80 |
| − Vacancy | −$5.7k | −$1.77 |
| EGI | $105.7k | $33.03 |
| − OpEx | −$47.6k | −$14.86 |
| NOI | $58.1k | $18.16 |
