Modern Triplex with
For Sale
$999,999
784 Bergen Street, Newark, NJ 07108
Constructed in 2021 with central air and contemporary unit layouts.
Property Size4,320 SF
Price / SF$231.48
Days on Market8
Property Features for 784 Bergen Street
General Information
Standard status
Active
Size
4,320 SF
Property subtype
Multi-family
Additional Details
Public Transit
Yes
Multifamily Units
3
Amenities
Central Air
Building Details
Year Built
2021
Construction
modern
Listing Agency:
KELLER WILLIAMS ELITE REALTORS
Listed By:
KIARA GREEN
(833) 740-1234
Source:
Actionplusrealty
Added: Aug 26
Changed: Sep 1
Last Checked: Sep 1 at 10:14PM
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 KELLER WILLIAMS ELITE REALTORS
Investment Insights
Based on property information with market context.
784 Bergen Street is a three-family property completed in 2021, offering 4,320 square feet across three residential units. The configuration includes eight bedrooms, six bathrooms, central air, and modern interior layouts, along with a double garage.
The property is situated near public transportation, shopping, parks, restaurants, and other everyday services in Newark, New Jersey. Its three-unit arrangement and recently constructed improvements support both multifamily ownership and potential owner-occupancy, as reflected in the available property configuration.
The property is situated near public transportation, shopping, parks, restaurants, and other everyday services in Newark, New Jersey. Its three-unit arrangement and recently constructed improvements support both multifamily ownership and potential owner-occupancy, as reflected in the available property configuration.
Key Highlights
- Three‑unit property with 8 bedrooms and 6 bathrooms
- Built in 2021 with 4,320 square feet
- Double garage included
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
$73,207
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
7.32%
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%
$1,464,140
$1.5M
Cap Rate 7%
$1,045,814
$1.0M
Cap Rate 9%
$813,411
$813.4K
Market Conditions
NOI Build-Up for 4,320 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
$109.9K $25.44/SF
− Vacancy
−$5.3K −$1.23/SF
EGI
$104.6K $24.21/SF
− OpEx
−$31.4K −$7.26/SF
NOI
$73.2K $16.95/SF
Area
Newark, NJ
Vacancy
4.84%
Lease Rate
$25.44 /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%
$1,464,140
Cap Rate 7%
$1,045,814
Cap Rate 9%
$813,411
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$915.1K – $1.22M
NOI $73,207 @ 7.0% cap · market cap 7.32%
Second Best
Apartment 5plus
$954.8K
$835.4K – $1.11M
NOI $66,833 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,145 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,258
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Constructed in 2021 with central air and contemporary unit layouts.
Where is this triplex located?
The property is located at 784 Bergen Street Newark, NJ.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Three‑unit property with 8 bedrooms and 6 bathrooms; Built in 2021 with 4,320 square feet; Double garage included
