New Construction Two-Family
71 N 14Th St Newark, NJ 07107
71 N 14Th St, Newark, NJ, 07107
$875,000
For Sale
$875,000
New construction two-family home with tax abatement eligibility.
Property Size3,750 SF
Price / SF$233.33
Days on Market94
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
Listing Agency
(973) 751-1000
Listed by
SHAWN ROSA
Source
Elliman
Added: Apr 15 Checked: Jul 17 at 4:41 am
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 SHAWN ROSA
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.
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 | $96.8k | $25.80 |
| − Vacancy | −$5.3k | −$1.42 |
| EGI | $91.4k | $24.38 |
| − OpEx | −$27.4k | −$7.31 |
| NOI | $64.0k | $17.07 |
3,750 SF · lease $25.80/SF/yr · vacancy 5.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
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.
