New Construction
For Sale
$1,095,000
516 Hawthorne Ave, Newark, NJ 07112
Three apartments each include three bedrooms, two bathrooms, and in-unit laundry facilities.
Property Size3,959 SF
Price / SF$276.58
Days on Market79
Property Features for 516 Hawthorne Ave
General Information
Standard status
Active
Size
3,959 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Upper Clinton Hill
Units
Unit Mix
3 x 3BR/2BA
Multifamily Units
3
Additional Details
Sprinkler System
Yes
Amenities
built-in laundry
Building Details
Year Built
2026
Buildings
1
Listing Agency:
JD FRANCES REALTY & G.R.
Listed By:
JEANMICHEL SERY · License #282354
(862) 201-9086
Source:
Goldstandardrealty
Added: Aug 13
Changed: Oct 25
Last Checked: Oct 7 at 1:54PM
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 JD FRANCES REALTY & G.R.
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Investment Insights
Based on property information with market context.
This triplex at 516 Hawthorne Ave in Newark City, New Jersey, contains 3,959 square feet arranged as three apartments. The property provides a total of 9 bedrooms and 6 bathrooms, with each unit configured with three bedrooms and two bathrooms. Built-in laundry areas serve the individual apartments, while separate gas and electric meters support unit-level utility tracking.
Construction is underway, with completion estimated for June 20th, 2026. The building is designed with a sprinkler system, and each apartment carries the same rent amount. A five-year tax abatement is also associated with the property.
Construction is underway, with completion estimated for June 20th, 2026. The building is designed with a sprinkler system, and each apartment carries the same rent amount. A five-year tax abatement is also associated with the property.
Key Highlights
- Three‑unit property with 3,959 square feet
- 9 bedrooms and 6 bathrooms across three apartments
- Each unit includes three bedrooms, two bathrooms, and built‑in laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,090
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,341,800
$1.3M
Cap Rate 7%
$958,429
$958.4K
Cap Rate 9%
$745,444
$745.4K
Market Conditions
NOI Build-Up for 3,959 SF
Gross rent
$100.7K $25.44/SF
− Vacancy
−$4.9K −$1.23/SF
EGI
$95.8K $24.21/SF
− OpEx
−$28.8K −$7.26/SF
NOI
$67.1K $16.95/SF
Area
Newark, NJ
Vacancy
4.84%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,341,800
Cap Rate 7%
$958,429
Cap Rate 9%
$745,444
Alternative Uses
Best Use
Multifamily LT 5
$958.4K
$838.6K – $1.12M
NOI $67,090 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$875.0K
$765.6K – $1.02M
NOI $61,248 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,191 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
3
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,361
Businesses Nearby
Explore this area
Business Placement
Demographics for 07112, NJ
29,773
Population
11,779
Households
2.5
Avg Household Size
34
Median Age
18%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
21,266
Density / Sq Mi
$55,171
Median Household Income
$35,709
Median Earnings
$1,334
Median Rent
$306,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments each include three bedrooms, two bathrooms, and in-unit laundry facilities.
Where is this triplex located?
The property is located at 516 Hawthorne Ave Newark, NJ.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Three‑unit property with 3,959 square feet; 9 bedrooms and 6 bathrooms across three apartments; Each unit includes three bedrooms, two bathrooms, and built‑in laundry
