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Modern Apartment in Ironbound Newark
For Lease
$1,999/Mo

502 Market St 1B, Newark, NJ 07105

New luxury 1-bedroom apartment in Newark's vibrant Ironbound district.

Space SizeContact for details
Lot Size0.07 Acres
Days on Market152

Property Features for 502 Market St 1B

General Information

Standard status Active
Lot size 0.07 Acres
Property subtype Multi Family
Lease Term 12 months

Building Details

Year Built 2024
Listing Agency: ROSA AGENCY
Listed By: CARLA FERREIRA
Source: Elliman
Added: Mar 11 Changed: Aug 8 Last Checked: Jul 16 at 9:05AM

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 ROSA AGENCY

Investment Insights

Based on property information with market context.

Located in the Ironbound section of Newark, 502 Market Street is a new luxury building featuring 29 modern apartments. This one-bedroom, one-bathroom unit offers a spacious, open-concept layout. The kitchen includes stainless steel appliances, quartz countertops, and a dishwasher. Large windows provide natural light and city views. The apartment has central air conditioning and heating, and elevator access. The building is pet-friendly. The property is located near restaurants, bakeries, gyms, supermarkets, and shops. Riverbank Park and the Riverfront, with walking and running paths and sports fields, are also nearby. Newark Penn Station, Red Bull Arena, Prudential Center, Rutgers University, Seton Hall Law School, NJPAC, and Newark International Airport are in close proximity.

Key Highlights

  • Brand‑new luxury building built in 2024 in Newark's Ironbound
  • Spacious, modern 1‑bedroom apartment with open‑concept layout
  • Stylish kitchen with stainless steel appliances and quartz countertops, also features a dishwasher

Property Analytics

Current Use

Saraiva Group Accounting Firm

Suggested Use

Top Pick Veterinary Clinic (Bike/Boat/Book/etc) Store Locksmith Nursing Home Buffet Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,654
Businesses Nearby

Demographics for 07105, NJ

50,870
Population
20,608
Households
2.5
Avg Household Size
35
Median Age
15%
College-Educated
70%
High-School Grad
4.6 sq mi
ZIP Area
11,059
Density / Sq Mi
$55,752
Median Household Income
$33,175
Median Earnings
$1,600
Median Rent
$445,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - New luxury 1-bedroom apartment in Newark's vibrant Ironbound district.
Where is this apartment building located?
The property is located at 502 Market St 1B Newark, NJ.
What is the lease rate?
The lease rate is $1,999/Mo.
What are key features of this property?
This property features: Brand‑new luxury building built in 2024 in Newark's Ironbound; Spacious, modern 1‑bedroom apartment with open‑concept layout; Stylish kitchen with stainless steel appliances and quartz countertops, also features a dishwasher
More about this property
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