Three-Bedroom
68 James St # 2, Newark, NJ 07102
For Sale
New
Contact for pricing
Renovated residence pairs hardwood flooring with an updated kitchen and included appliances.
Property Size1,200 SF
Price / SF$2.92
Days on Market2
Property Features for 68 James St # 2
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Amenities
hardwood floors
updated kitchen
appliances included
Wood
Gas-Natural
Second
3 Bedrooms,Bath Main,Dining Room,Kitchen,Living Room,Office
3
Carbon Monoxide Detector,Fire Extinguisher,Smoke Detector
Office
Bathroom
Public Water
17.5X79.6
0.03
Sidewalk
Building Details
Construction
Listing Agency:
RE/MAX PROFESSIONALS I
(551) 239-8040
Listed By:
Justin Robinson
Source:
Skyrealtyintl
Added: Nov 8
Last Checked: Nov 9 at 8:07AM
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 RE/MAX PROFESSIONALS I
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,200-square-foot apartment occupies the second floor of a historic Newark brownstone. The renovated interior has three bedrooms, one bathroom, hardwood floors, a dining room, living room, office, and an updated kitchen with appliances included.
Newark Penn Station is a few blocks away, with NJ Transit and PATH service to Manhattan. Newark Liberty International Airport is minutes from the property. Nearby destinations include universities, NJPAC, the Prudential Center, restaurants, and retail.
Newark Penn Station is a few blocks away, with NJ Transit and PATH service to Manhattan. Newark Liberty International Airport is minutes from the property. Nearby destinations include universities, NJPAC, the Prudential Center, restaurants, and retail.
Key Highlights
- Three‑bedroom, one‑bath apartment with 1,200 square feet
- Renovated interior with hardwood floors
- Updated kitchen includes appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,565
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,300
$371.3K
Cap Rate 7%
$265,214
$265.2K
Cap Rate 9%
$206,278
$206.3K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$35.6K $29.64/SF
− Vacancy
−$1.8K −$1.51/SF
EGI
$33.8K $28.13/SF
− OpEx
−$15.2K −$12.66/SF
NOI
$18.6K $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%
$371,300
Cap Rate 7%
$265,214
Cap Rate 9%
$206,278
Alternative Uses
Best Use
Apartment 5plus
$265.2K
$232.1K – $309.4K
NOI $18,565 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$425.2K
$372.0K – $496.0K
NOI $29,762 @ 7.0% cap
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
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,388
Businesses Nearby
Explore this area
Business Placement
Demographics for 07102, NJ
15,047
Population
6,574
Households
2.3
Avg Household Size
34
Median Age
30%
College-Educated
82%
High-School Grad
1.1 sq mi
ZIP Area
13,679
Density / Sq Mi
$37,093
Median Household Income
$42,234
Median Earnings
$1,141
Median Rent
$293,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Residential income properties in Newark, NJ
Properties on Market for Residential income properties in Newark
Frequently Asked Questions
What type of property is this?
Residential income property - Renovated residence pairs hardwood flooring with an updated kitchen and included appliances.
Where is this residential income property located?
The property is located at 68 James St # 2 Newark, NJ.
What are key features of this property?
This property features: Three‑bedroom, one‑bath apartment with 1,200 square feet; Renovated interior with hardwood floors; Updated kitchen includes appliances
