Finished Duplex with Central
59 Sunset Ave Newark, NJ 07106
New
59 Sunset Ave, Newark, NJ, 07106
$865,000
For Sale
$865,000
A fully finished duplex offering two residences with central air, forced air heat, and updated finishes ready for occupancy.
Property Size3,819 SF
Price / SF$226.50
Days on Market4
Property Features for 59 Sunset Ave
General Information
- Standard status
- Active
- Size
- 3,819 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2026
Listing agency
ROSA AGENCY
(973) 751-1000
Listed by
SHAWN ROSA · License #274328
Source
Elliman
Added: Jul 20 Updated: Jul 21 at 7:09PM Checked: Jul 22 at 1:18PM
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 ROSA AGENCY
Investment Insights
Based on property information with market context.
This 100% finished duplex is ready for immediate occupancy. The owner’s unit spans the first and second levels with three bedrooms and 2.5 bathrooms, along with a living room, dining room, eat-in kitchen, and a large recreation room behind a 2-car built-in garage. The second unit is located on the third level and includes three bedrooms and two full bathrooms, plus a living room, dining room, and eat-in kitchen.
Interior finishes include premium oak hardwood and ceramic tile flooring throughout, with granite counters in all kitchens and bathrooms. Both kitchens include a four-piece stainless steel appliance package. The home is equipped with central air conditioning and forced air heat on all levels.
The property is eligible for a 5-year property tax abatement, and the floor plan and virtual tour are available in the media section. Located in the Vailsburg section of Newark’s west ward.
Interior finishes include premium oak hardwood and ceramic tile flooring throughout, with granite counters in all kitchens and bathrooms. Both kitchens include a four-piece stainless steel appliance package. The home is equipped with central air conditioning and forced air heat on all levels.
The property is eligible for a 5-year property tax abatement, and the floor plan and virtual tour are available in the media section. Located in the Vailsburg section of Newark’s west ward.
Key Highlights
- Brand‑new 100% finished Aiden‑model duplex, ready for immediate occupancy (Year built: 2026).
- Owner’s unit spans the first and second levels with 3 bedrooms and 2.5 bathrooms plus a recreation room behind the 2‑car built‑in garage.
- Third‑level unit offers 3 bedrooms and 2 full bathrooms with living room, dining room, and eat‑in kitchen.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $100.8k | $26.40 |
| − Vacancy | −$6.6k | −$1.72 |
| EGI | $94.3k | $24.68 |
| − OpEx | −$28.3k | −$7.41 |
| NOI | $66.0k | $17.28 |
3,819 SF · lease $26.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$942.7K
$824.9K – $1.10M
NOI $65,988 @ 7.0% cap · market cap 7.63%
Second Best
Apartment 5plus
$824.1K
$721.1K – $961.5K
NOI $57,688 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$1.49M
$1.31M – $1.74M
NOI $104,579 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - A fully finished duplex offering two residences with central air, forced air heat, and updated finishes ready for occupancy.
Where is this duplex located?
The property is located at 59 Sunset Ave Newark, NJ.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: Brand‑new 100% finished Aiden‑model duplex, ready for immediate occupancy (Year built: 2026).; Owner’s unit spans the first and second levels with 3 bedrooms and 2.5 bathrooms plus a recreation room behind the 2‑car built‑in garage.; Third‑level unit offers 3 bedrooms and 2 full bathrooms with living room, dining room, and eat‑in kitchen.
