4-Bedroom Multifamily
58-60 Clinton Pl # 2, Newark, NJ 07108
For Sale
New
Contact for pricing
The unit includes a sunroom and a mix of tile and wood flooring.
Property Size1,035 SF
Price / SF$2.22
Days on Market2
Property Features for 58-60 Clinton Pl # 2
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Additional Details
Multifamily Units
Amenities
Unfinished
Tile,Wood
Gas-Natural
4
13x11
19x14
11x12
12x12
15x13
15x6
Sunroom
Level Lot
Public Water
35X105.9 AVG.
0.09
Building Details
Year Built
Listing Agency:
(551) 239-8040
Listed By:
Reisha Baker
Source:
Skyrealtyintl
Added: Nov 8
Last Checked: Nov 9 at 8:24AM
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 Reisha Baker
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Investment Insights
Based on property information with market context.
This 1,035-square-foot multifamily unit at 58-60 Clinton Place includes four bedrooms and one bathroom. Interior details include a sunroom, tile and wood flooring, and natural gas service. The building dates to 1919.
The property is in Newark, New Jersey. Public water serves the property, which sits on a level lot.
The property is in Newark, New Jersey. Public water serves the property, which sits on a level lot.
Key Highlights
- Four‑bedroom, one‑bath unit with 1,035 square feet
- Sunroom included
- Tile and wood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,012
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,240
$320.2K
Cap Rate 7%
$228,743
$228.7K
Cap Rate 9%
$177,911
$177.9K
Market Conditions
NOI Build-Up for 1,035 SF
Gross rent
$30.7K $29.64/SF
− Vacancy
−$1.6K −$1.51/SF
EGI
$29.1K $28.13/SF
− OpEx
−$13.1K −$12.66/SF
NOI
$16.0K $15.47/SF
Area
Newark, NJ
Vacancy
5.10%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,240
Cap Rate 7%
$228,743
Cap Rate 9%
$177,911
Alternative Uses
Best Use
Apartment 5plus
$228.7K
$200.2K – $266.9K
NOI $16,012 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$366.7K
$320.9K – $427.8K
NOI $25,670 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,312
Businesses Nearby
Explore this area
Business Placement
Demographics for 07108, NJ
28,715
Population
12,862
Households
2.2
Avg Household Size
32
Median Age
17%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
20,511
Density / Sq Mi
$33,960
Median Household Income
$30,336
Median Earnings
$1,098
Median Rent
$326,900
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Newark, NJ
Properties on Market for Multifamily properties in Newark
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The unit includes a sunroom and a mix of tile and wood flooring.
Where is this multifamily property located?
The property is located at 58-60 Clinton Pl # 2 Newark, NJ.
What are key features of this property?
This property features: Four‑bedroom, one‑bath unit with 1,035 square feet; Sunroom included; Tile and wood flooring
