New Construction Two-Family
For Sale
$875,000
71 N 14Th St, Newark, NJ 07107
New construction two-family home with tax abatement eligibility.
Property Size3,750 SF
Price / SF$233.33
Days on Market141
Property Features for 71 N 14Th St
General Information
Standard status
Active
Size
3,750 SF
Property subtype
Multi Family
Building Details
Year Built
2026
Units
2
Listing Agency:
ROSA AGENCY
Listed By:
SHAWN ROSA · License #274328
(973) 751-1000
Source:
Elliman
Added: Apr 15
Changed: Aug 28
Last Checked: Sep 1 at 10:19PM
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 is a newly constructed two-family home featuring 3750 square feet of living space. The ground level includes a built-in 2-car garage, a large recreation room, and a half bath. The second level features 6 rooms, including 3 bedrooms and 2 full baths. The third level mirrors the second, also offering 6 rooms, 3 bedrooms, and 2 full baths. Oak hardwood flooring is installed throughout the home, complemented by ceramic tile in the kitchens and bathrooms. The property features two zones of central air conditioning and forced hot air. The property is eligible for a 5-year tax abatement. The location has a walk score of 78, indicating it is very walkable, a transit score of 68, indicating good transit options, and a bike score of 51, indicating it is bikeable.
Key Highlights
- Brand‑new 2‑family home built in 2026 offering significant investment potential.
- Generous living space: 3750 sq ft across two units, each with 3 bedrooms and 2 full baths.
- Eligible for a 5‑year tax abatement, providing substantial savings.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$64,000
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,280,000
$1.3M
Cap Rate 7%
$914,286
$914.3K
Cap Rate 9%
$711,111
$711.1K
Market Conditions
NOI Build-Up for 3,750 SF
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.
Gross rent
$96.8K $25.80/SF
− Vacancy
−$5.3K −$1.42/SF
EGI
$91.4K $24.38/SF
− OpEx
−$27.4K −$7.31/SF
NOI
$64.0K $17.07/SF
Area
ZIP 07107
Vacancy
5.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,280,000
Cap Rate 7%
$914,286
Cap Rate 9%
$711,111
Alternative Uses
Best Use
Multifamily LT 5
$914.3K
$800.0K – $1.07M
NOI $64,000 @ 7.0% cap · market cap 7.31%
Second Best
Apartment 5plus
$821.2K
$718.6K – $958.1K
NOI $57,484 @ 7.0% cap · market cap 6.57%
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,690 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,179
Businesses Nearby
Explore this area
Business Placement
Demographics for 07107, NJ
41,627
Population
16,084
Households
2.6
Avg Household Size
33
Median Age
13%
College-Educated
77%
High-School Grad
1.6 sq mi
ZIP Area
26,017
Density / Sq Mi
$49,892
Median Household Income
$35,700
Median Earnings
$1,259
Median Rent
$353,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - New construction two-family home with tax abatement eligibility.
Where is this duplex located?
The property is located at 71 N 14Th St Newark, NJ.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Brand‑new 2‑family home built in 2026 offering significant investment potential.; Generous living space: 3750 sq ft across two units, each with 3 bedrooms and 2 full baths.; Eligible for a 5‑year tax abatement, providing substantial savings.
