Spacious Top-Floor Newark
776 N 6th Street #C12 Newark, NJ 07107
776 N 6th Street #C12, Newark, NJ, 07107
$280,000
For Sale
$280,000
Well-maintained two-bedroom condo near Branch Brook Park.
Property Size990 SF
Price / SF$282.83
Days on Market332
Property Features for 776 N 6th Street #C12
General Information
- Standard status
- Active
- Size
- 990 SF
- Property subtype
- Condominium
Building Details
- Year Built
- 1990
Listing agency
Weichert Realtors-Toms River
(732) 240-0500
Listed by
Frances M Gratacos · License #3482882
(732) 240-0500
Source
Kw
Added: Aug 24, 2025 Updated: Jul 6 at 8:18AM Checked: Jul 20 at 4:23AM
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 Weichert Realtors-Toms River
Investment Insights
Based on property information with market context.
This well-maintained, spacious two-bedroom condominium is located in the North Newark area on the Belleville border. Situated on the top (3rd) floor, the residence features an abundance of natural light and a comfortable layout. The property includes two generously sized bedrooms, a charming kitchen, a full bathroom, and an open-concept living and dining area. Additional features include an in-unit laundry room, ample closet space, and a private balcony. The unit also comes with one assigned parking space and a dedicated storage area. Recent updates include a newly rebuilt balcony, new built-in A/C units in both bedrooms, a new ceiling fan in the dining room, and a new stainless-steel stove. The property is conveniently located just minutes from Branch Brook Park, renowned for its annual Cherry Blossom Festival, and offers easy access to train and bus transportation, major highways, restaurants, shopping, and a swift commute to New York City. The property is a 990 square foot residential income property and multifamily property.
Key Highlights
- Prime location near Branch Brook Park, transportation, highways, restaurants, and shopping, with easy access to NYC.
- Move‑in ready condition with recent updates including a rebuilt balcony, new A/C units, ceiling fan, and stainless‑steel stove.
- Spacious two‑bedroom layout with open concept living and dining area, ideal for entertaining.
Local Financial Insights For Apartment 5plus
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 | $29.1k | $29.40 |
| − Vacancy | −$1.5k | −$1.53 |
| EGI | $27.6k | $27.87 |
| − OpEx | −$12.4k | −$12.54 |
| NOI | $15.2k | $15.33 |
990 SF · lease $29.40/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$216.8K
$189.7K – $252.9K
NOI $15,176 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$387.3K
$338.9K – $451.8K
NOI $27,110 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-maintained two-bedroom condo near Branch Brook Park.
Where is this apartment building located?
The property is located at 776 N 6th Street #C12 Newark, NJ.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Prime location near Branch Brook Park, transportation, highways, restaurants, and shopping, with easy access to NYC.; Move‑in ready condition with recent updates including a rebuilt balcony, new A/C units, ceiling fan, and stainless‑steel stove.; Spacious two‑bedroom layout with open concept living and dining area, ideal for entertaining.
