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 Market17
Property Features for 516 Hawthorne Ave
General Information
Standard status
Active
Size
3,959 SF
Property subtype
Multi-Family
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.
(973) 744-2700
Listed By:
JEANMICHEL SERY · License #282354
Source:
Goldstandardrealty
Added: Aug 13
Changed: Aug 28
Last Checked: Aug 29 at 12:14PM
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$67,090
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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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
