Two-Bedroom Apartment with
555 Northfield Ave # 103, West Orange, NJ 07052
For Sale
New
Contact for pricing
A 2023 residence pairs a flexible den with in-unit laundry and access to community fitness, work, and outdoor amenities.
Property Size1,555 SF
Price / SF$2.57
Days on Market2
Property Features for 555 Northfield Ave # 103
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Currently Operating
Amenities
three rooftop decks
state-of-the-art fitness center
yoga studio
resident lounges
co-working spaces
EV charging station
bicycle storage
package management services
garage parking
pet run
curated resident events
Vinyl-Linoleum
First
2 Bedrooms,Bath Main,Bath(s) Other,Dining Room,Kitchen,Laundry Room,Living Room,Office
Center Island,Eat-In Kitchen,Liv/Dining Combo,Walk-In Closet
2
In Unit
Blinds,Carbon Monoxide Detector,Fire Alarm Sys,Smoke Detector,Walk-In Closet
Laundry Room
Bedroom/Office
Public Water
395X220+76X220 IRR
Barbeque,Deck,Dog Run,Patio
Building Details
Year Built
Listing Agency:
COLDWELL BANKER REALTY
(551) 239-8040
Listed By:
Reisha Baker
Source:
Skyrealtyintl
Added: Nov 8
Last Checked: Nov 8 at 5:35PM
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 COLDWELL BANKER REALTY
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Investment Insights
Based on property information with market context.
Located at 555 Northfield Ave, apartment 103 offers two bedrooms and a den, with an office area, living and dining space, and an eat-in kitchen with a center island. The 1,555-square-foot residence was built in 2023 and includes walk-in closets and in-unit laundry. Vinyl-linoleum flooring and blinds are among the listed interior features.
Community amenities include three rooftop decks, a fitness center, yoga studio, resident lounges, co-working areas, garage parking, EV charging, bicycle storage, a dog run, and package management. The property is on Northfield Avenue in West Orange, with South Mountain Reservation, Turtle Back Zoo, Regatta Playground, and Orange Reservoir identified nearby. The community is pet-friendly.
Community amenities include three rooftop decks, a fitness center, yoga studio, resident lounges, co-working areas, garage parking, EV charging, bicycle storage, a dog run, and package management. The property is on Northfield Avenue in West Orange, with South Mountain Reservation, Turtle Back Zoo, Regatta Playground, and Orange Reservoir identified nearby. The community is pet-friendly.
Key Highlights
- Two bedrooms plus a den; 1,555 square feet
- Built in 2023
- Kitchen features a center island and eat‑in area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,913
Suggested Prices Based on Cap Rates
Cap Rate 5%
$478,260
$478.3K
Cap Rate 7%
$341,614
$341.6K
Cap Rate 9%
$265,700
$265.7K
Market Conditions
NOI Build-Up for 1,555 SF
Gross rent
$46.7K $30.00/SF
− Vacancy
−$3.2K −$2.04/SF
EGI
$43.5K $27.96/SF
− OpEx
−$19.6K −$12.58/SF
NOI
$23.9K $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%
$478,260
Cap Rate 7%
$341,614
Cap Rate 9%
$265,700
Alternative Uses
Best Use
Apartment 5plus
$341.6K
$298.9K – $398.6K
NOI $23,913 @ 7.0% cap · market cap 598.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$406.0K
$355.3K – $473.7K
NOI $28,423 @ 7.0% cap · market cap 711.46%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
408
Businesses Nearby
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Business Placement
Demographics for 07052, NJ
48,867
Population
18,300
Households
2.7
Avg Household Size
42
Median Age
53%
College-Educated
92%
High-School Grad
12.0 sq mi
ZIP Area
4,072
Density / Sq Mi
$131,456
Median Household Income
$63,458
Median Earnings
$1,791
Median Rent
$527,200
Median Home Value
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Market
Properties on Market for Multifamily properties in West Orange
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - A 2023 residence pairs a flexible den with in-unit laundry and access to community fitness, work, and outdoor amenities.
Where is this multifamily property located?
The property is located at 555 Northfield Ave # 103 West Orange, NJ.
What are key features of this property?
This property features: Two bedrooms plus a den; 1,555 square feet; Built in 2023; Kitchen features a center island and eat‑in area
