Two-Bedroom Rental Residence with
555 Northfield Ave # 402, West Orange, NJ 07052
For Sale
New
Contact for pricing
The residence includes an in-unit washer and dryer, a walk-in closet, and access to shared rooftop and fitness amenities.
Property Size1,561 SF
Price / SF$2.88
Days on Market2
Property Features for 555 Northfield Ave # 402
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Additional Details
Currently Operating
Amenities
three 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
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 5:48PM
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 1,561-square-foot residence at The Altius has two bedrooms, a den, a combined living and dining area, and an eat-in kitchen with a center island. A washer and dryer are located in the unit. The building was constructed in 2023.
Shared community features 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 the Orange Reservoir nearby.
Shared community features 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 the Orange Reservoir nearby.
Key Highlights
- 1,561‑square‑foot residence with two bedrooms and a den
- Built in 2023
- In‑unit washer and dryer; kitchen features a center island
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,005
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,100
$480.1K
Cap Rate 7%
$342,929
$342.9K
Cap Rate 9%
$266,722
$266.7K
Market Conditions
NOI Build-Up for 1,561 SF
Gross rent
$46.8K $30.00/SF
− Vacancy
−$3.2K −$2.04/SF
EGI
$43.6K $27.96/SF
− OpEx
−$19.6K −$12.58/SF
NOI
$24.0K $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%
$480,100
Cap Rate 7%
$342,929
Cap Rate 9%
$266,722
Alternative Uses
Best Use
Apartment 5plus
$342.9K
$300.1K – $400.1K
NOI $24,005 @ 7.0% cap · market cap 534.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$407.6K
$356.7K – $475.6K
NOI $28,533 @ 7.0% cap · market cap 634.77%
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
Open Analytics
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
408
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Residential income properties in West Orange
Frequently Asked Questions
What type of property is this?
Residential income property - The residence includes an in-unit washer and dryer, a walk-in closet, and access to shared rooftop and fitness amenities.
Where is this residential income property located?
The property is located at 555 Northfield Ave # 402 West Orange, NJ.
What are key features of this property?
This property features: 1,561‑square‑foot residence with two bedrooms and a den; Built in 2023; In‑unit washer and dryer; kitchen features a center island
