Two-Bedroom Apartment with
555 Northfield Ave # 301, West Orange, NJ 07052
For Sale
New
Contact for pricing
The residence combines an open living and dining area with in-unit laundry and contemporary kitchen finishes.
Property Size1,610 SF
Price / SF$2.79
Days on Market2
Property Features for 555 Northfield Ave # 301
General Information
Standard status
Size
Property subtype
Additional Details
Currently Operating
Amenities
rooftop decks
fitness center
yoga studio
resident lounges
co-working spaces
EV charging station
bicycle storage
package management services
garage parking
pet run
curated resident events
in-unit washer and dryer
Vinyl-Linoleum
Third
2 Bedrooms,Bath Main,Bath(s) Other,Den,Dining Room,Kitchen,Laundry Room,Living Room
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 5:54PM
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 COLDWELL BANKER REALTY
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Investment Insights
Based on property information with market context.
This 1,610-square-foot apartment has two bedrooms, a den, a kitchen with quartz countertops and stainless steel appliances, and a combined living and dining area. Full-size laundry equipment is located in the unit, and the residence also includes a walk-in closet. The building was constructed in 2023.
Residents have access to three rooftop decks, a fitness center, yoga studio, lounges, co-working areas, garage parking, EV charging, bicycle storage, a pet run, and package management. The property is on Northfield Avenue in West Orange, near South Mountain Reservation, Turtle Back Zoo, Regatta Playground, and the Orange Reservoir.
Residents have access to three rooftop decks, a fitness center, yoga studio, lounges, co-working areas, garage parking, EV charging, bicycle storage, a pet run, and package management. The property is on Northfield Avenue in West Orange, near South Mountain Reservation, Turtle Back Zoo, Regatta Playground, and the Orange Reservoir.
Key Highlights
- 1,610‑square‑foot apartment with two bedrooms and a den
- Quartz countertops and stainless steel kitchen appliances
- Full‑size in‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,759
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,180
$495.2K
Cap Rate 7%
$353,700
$353.7K
Cap Rate 9%
$275,100
$275.1K
Market Conditions
NOI Build-Up for 1,610 SF
Gross rent
$48.3K $30.00/SF
− Vacancy
−$3.3K −$2.04/SF
EGI
$45.0K $27.96/SF
− OpEx
−$20.3K −$12.58/SF
NOI
$24.8K $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%
$495,180
Cap Rate 7%
$353,700
Cap Rate 9%
$275,100
Alternative Uses
Best Use
Apartment 5plus
$353.7K
$309.5K – $412.7K
NOI $24,759 @ 7.0% cap · market cap 550.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$420.4K
$367.9K – $490.5K
NOI $29,428 @ 7.0% cap · market cap 654.68%
Zoning and permitted uses should be independently verified with authorities.
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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 - The residence combines an open living and dining area with in-unit laundry and contemporary kitchen finishes.
Where is this multifamily property located?
The property is located at 555 Northfield Ave # 301 West Orange, NJ.
What are key features of this property?
This property features: 1,610‑square‑foot apartment with two bedrooms and a den; Quartz countertops and stainless steel kitchen appliances; Full‑size in‑unit washer and dryer
