Modern Multifamily Rental
54 Oak Ave # 2, Irvington, NJ 07111
For Sale
New
Contact for pricing
New construction pairs contemporary interior finishes with an in-unit laundry setup and a primary suite with upgraded bath features.
Property Size1,480 SF
Price / SF$2.36
Days on Market2
Property Features for 54 Oak Ave # 2
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Amenities
in-unit washer and dryer
hardwood flooring
9-foot ceilings
designer accent walls
oversized front and rear patio doors
chef-inspired kitchen
quartz countertops
pot filler
smart toilet
dual-sink vanity
heated towel warmer
Wood
3
In Unit
Public Water
25 X 100
0.06
Building Details
Year Built
Listing Agency:
(551) 239-8040
Listed By:
Andrea Lew
Source:
Skyrealtyintl
Added: Nov 8
Last Checked: Nov 8 at 5:56PM
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 Andrea Lew
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Investment Insights
Based on property information with market context.
Completed in 2026, this 1,480-square-foot rental residence features wood flooring and 9-foot ceilings. The kitchen has quartz counters, a full-height quartz backsplash, cabinetry, and a pot filler. Oversized patio doors open at both the front and rear. The home also includes an in-unit washer and dryer, while the primary bathroom is equipped with a smart toilet, dual-sink vanity, and heated towel warmer.
Parks, shops, restaurants, and transportation to New York City are nearby.
Parks, shops, restaurants, and transportation to New York City are nearby.
Key Highlights
- 1,480‑square‑foot residence completed in 2026
- 9‑foot ceilings and wood flooring
- Kitchen features quartz counters, full‑height quartz backsplash, and a pot filler
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,759
Suggested Prices Based on Cap Rates
Cap Rate 5%
$455,180
$455.2K
Cap Rate 7%
$325,129
$325.1K
Cap Rate 9%
$252,878
$252.9K
Market Conditions
NOI Build-Up for 1,480 SF
Gross rent
$44.4K $30.00/SF
− Vacancy
−$3.0K −$2.04/SF
EGI
$41.4K $27.96/SF
− OpEx
−$18.6K −$12.58/SF
NOI
$22.8K $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%
$455,180
Cap Rate 7%
$325,129
Cap Rate 9%
$252,878
Alternative Uses
Best Use
Apartment 5plus
$325.1K
$284.5K – $379.3K
NOI $22,759 @ 7.0% cap · market cap 650.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$386.5K
$338.2K – $450.9K
NOI $27,052 @ 7.0% cap · market cap 772.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,048
Businesses Nearby
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Business Placement
Demographics for 07111, NJ
61,176
Population
24,176
Households
2.5
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
2.9 sq mi
ZIP Area
21,095
Density / Sq Mi
$59,232
Median Household Income
$37,640
Median Earnings
$1,324
Median Rent
$291,500
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Irvington, NJ
Properties on Market for Multifamily properties in Irvington
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - New construction pairs contemporary interior finishes with an in-unit laundry setup and a primary suite with upgraded bath features.
Where is this multifamily property located?
The property is located at 54 Oak Ave # 2 Irvington, NJ.
What are key features of this property?
This property features: 1,480‑square‑foot residence completed in 2026; 9‑foot ceilings and wood flooring; Kitchen features quartz counters, full‑height quartz backsplash, and a pot filler
