Listing Agency: Newmark Associates

Listed By: Deborah Myers · License #NJ 9912465

Source: Crexi

Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 9:24AM

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Investment Insights

Based on property information with market context.

This apartment building comprises 5 units and is identified as a multifamily property. The asset is located at 58-62 Market Street in Morristown, New Jersey 07960.

Key Highlights

• 5‑unit apartment building
• Multifamily property
• Located at 58‑62 Market Street, Morristown, NJ 07960

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Storage Facility Garden Center Pet Store Pet Store & Service Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5

Residential units

Location Intelligence

Trade Area within ½ mile

3,351

Businesses Nearby

Explore this area Business Placement

Demographics for 07960, NJ

45,609

Population

18,978

Households

2.4

Avg Household Size

40

Median Age

68%

College-Educated

94%

High-School Grad

34.6 sq mi

ZIP Area

1,318

Density / Sq Mi

$149,462

Median Household Income

$75,266

Median Earnings

$2,173

Median Rent

$701,100

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Multifamily asset with a five-unit configuration in Morristown.

Where is this apartment building located?

The property is located at 58-62 Market Street Morristown, NJ.

What are key features of this property?

This property features: 5‑unit apartment building; Multifamily property; Located at 58‑62 Market Street, Morristown, NJ 07960