Loft-Style Residential
475 S Jefferson St # 501, Orange, NJ 07050
For Sale
New
Contact for pricing
Open living and dining areas connect to a kitchen with quartz counters, stainless steel appliances, and a center island.
Property Size900 SF
Price / SF$2.44
Days on Market2
Property Features for 475 S Jefferson St # 501
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Public Transit
Multifamily Units
Amenities
in-unit washer and dryer
central air conditioning
soaring ceilings
polished concrete floors
oversized west-facing windows
open-concept kitchen
quartz countertops
stainless steel appliances
center island
See Remarks
Electric,Gas-Natural
2
In Unit
CeilBeam,CODetect,CeilCath,Elevator,FireExtg,CeilHigh,SmokeDet,WlkInCls
Corner
Public Water
0.00
Building Details
Year Built
Listing Agency:
BHGRE ELITE
(551) 239-8040
Listed By:
Justin Robinson
Source:
Skyrealtyintl
Added: Nov 8
Last Checked: Nov 8 at 5:54PM
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 BHGRE ELITE
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Investment Insights
Based on property information with market context.
This 2-bedroom, 1-bath condominium has 900 square feet of living space, high ceilings, polished concrete floors, and large west-facing windows with views toward the First Watchung Mountain ridgeline. The open kitchen includes quartz countertops, stainless steel appliances, ample cabinetry, and a center island. In-unit laundry, central air conditioning, and one assigned outdoor parking space are also included. The building has an elevator and dates to 2020.
The property is near the Highland Avenue NJ Transit station, with service to Newark Broad Street and New York Penn Station. Restaurants, cafes, galleries, and other neighborhood amenities are nearby. The building occupies the former site of the F. Berg Hat Company.
The property is near the Highland Avenue NJ Transit station, with service to Newark Broad Street and New York Penn Station. Restaurants, cafes, galleries, and other neighborhood amenities are nearby. The building occupies the former site of the F. Berg Hat Company.
Key Highlights
- 900 square feet with 2 bedrooms and 1 bathroom
- West‑facing windows overlook the First Watchung Mountain ridgeline
- Quartz kitchen counters, stainless steel appliances, and center island
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,840
Suggested Prices Based on Cap Rates
Cap Rate 5%
$276,800
$276.8K
Cap Rate 7%
$197,714
$197.7K
Cap Rate 9%
$153,778
$153.8K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$27.0K $30.00/SF
− Vacancy
−$1.8K −$2.04/SF
EGI
$25.2K $27.96/SF
− OpEx
−$11.3K −$12.58/SF
NOI
$13.8K $15.38/SF
Area
Essex County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$276,800
Cap Rate 7%
$197,714
Cap Rate 9%
$153,778
Alternative Uses
Best Use
Apartment 5plus
$197.7K
$173.0K – $230.7K
NOI $13,840 @ 7.0% cap · market cap 629.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$235.0K
$205.6K – $274.2K
NOI $16,451 @ 7.0% cap · market cap 747.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
909
Businesses Nearby
Explore this area
Business Placement
Demographics for 07050, NJ
34,315
Population
13,412
Households
2.6
Avg Household Size
36
Median Age
21%
College-Educated
80%
High-School Grad
2.2 sq mi
ZIP Area
15,598
Density / Sq Mi
$53,109
Median Household Income
$38,587
Median Earnings
$1,427
Median Rent
$336,200
Median Home Value
Market
Properties on Market for Residential income properties in Orange
Frequently Asked Questions
What type of property is this?
Residential income property - Open living and dining areas connect to a kitchen with quartz counters, stainless steel appliances, and a center island.
Where is this residential income property located?
The property is located at 475 S Jefferson St # 501 Orange, NJ.
What are key features of this property?
This property features: 900 square feet with 2 bedrooms and 1 bathroom; West‑facing windows overlook the First Watchung Mountain ridgeline; Quartz kitchen counters, stainless steel appliances, and center island
