Two-Family Multifamily
734 Bergen St, Newark, NJ 07108
For Sale
New
Contact for pricing
A recently built residence contains a three-bedroom apartment with in-unit laundry and central air conditioning.
Property Size2,625 SF
Price / SF$1.10
Days on Market2
Property Features for 734 Bergen St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Amenities
central air conditioning
washer/dryer
3
In Unit
Public Water
25X105
0.06
Building Details
Year Built
Listing Agency:
LUXE LISTINGS
(551) 239-8040
Listed By:
Reisha Baker
Source:
Skyrealtyintl
Added: Nov 8
Last Checked: Nov 9 at 8:13AM
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 LUXE LISTINGS
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Investment Insights
Based on property information with market context.
Built in 2023, this two-family property includes a three-bedroom, two-bath apartment with seven rooms. Hardwood flooring, ceramic tile, central air conditioning, and an in-unit washer and dryer are among its interior features. The property measures 2,625 square feet.
Public transportation, shopping, dining, and major highways are noted as accessible from the property.
Public transportation, shopping, dining, and major highways are noted as accessible from the property.
Key Highlights
- Two‑family property built in 2023
- Three‑bedroom, two‑bath apartment with seven rooms
- 2,625 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,610
Suggested Prices Based on Cap Rates
Cap Rate 5%
$812,200
$812.2K
Cap Rate 7%
$580,143
$580.1K
Cap Rate 9%
$451,222
$451.2K
Market Conditions
NOI Build-Up for 2,625 SF
Gross rent
$77.8K $29.64/SF
− Vacancy
−$4.0K −$1.51/SF
EGI
$73.8K $28.13/SF
− OpEx
−$33.2K −$12.66/SF
NOI
$40.6K $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%
$812,200
Cap Rate 7%
$580,143
Cap Rate 9%
$451,222
Alternative Uses
Best Use
Apartment 5plus
$580.1K
$507.6K – $676.8K
NOI $40,610 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$930.1K
$813.8K – $1.09M
NOI $65,105 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,251
Businesses Nearby
Explore this area
Business Placement
Demographics for 07108, NJ
28,715
Population
12,862
Households
2.2
Avg Household Size
32
Median Age
17%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
20,511
Density / Sq Mi
$33,960
Median Household Income
$30,336
Median Earnings
$1,098
Median Rent
$326,900
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Newark, NJ
Properties on Market for Multifamily properties in Newark
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - A recently built residence contains a three-bedroom apartment with in-unit laundry and central air conditioning.
Where is this multifamily property located?
The property is located at 734 Bergen St Newark, NJ.
What are key features of this property?
This property features: Two‑family property built in 2023; Three‑bedroom, two‑bath apartment with seven rooms; 2,625 square feet
