New-Construction
New
For Sale
$785,000
83 Stuyvesant Ave, Newark, NJ 07106
Two residential units allow an owner to occupy one while renting the other.
Property Size3,285 SF
Price / SF$238.96
Days on Market2
Property Features for 83 Stuyvesant Ave
General Information
Standard status
Active
Size
3,285 SF
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
2022
Units
2
Listed By:
HACHMI CHERIF LOUNES · License #2553655
(201) 344-7035
Source:
Elliman
Added: Sep 24
Last Checked: Sep 24 at 2:19PM
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 HACHMI CHERIF LOUNES
Investment Insights
Based on property information with market context.
Built in 2022, this Newark duplex contains two residential units within approximately 3,285 square feet. Each unit has open living and dining areas, a kitchen, bedrooms, and bathrooms. The property is located in the Lower Vailsburg neighborhood.
Schools, shopping, parks, dining, major highways, and public transportation are identified nearby. The property has a walk score of 81, a transit score of 53, and a bike score of 50.
Schools, shopping, parks, dining, major highways, and public transportation are identified nearby. The property has a walk score of 81, a transit score of 53, and a bike score of 50.
Key Highlights
- Two‑unit residential property built in 2022
- Approximately 3,285 square feet
- Each unit includes open living and dining areas, a kitchen, bedrooms, and bathrooms
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
$56,761
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
7.23%
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%
$1,135,220
$1.1M
Cap Rate 7%
$810,871
$810.9K
Cap Rate 9%
$630,678
$630.7K
Market Conditions
NOI Build-Up for 3,285 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
$86.7K $26.40/SF
− Vacancy
−$5.6K −$1.72/SF
EGI
$81.1K $24.68/SF
− OpEx
−$24.3K −$7.41/SF
NOI
$56.8K $17.28/SF
Area
ZIP 07106
Vacancy
6.50%
Lease Rate
$26.40 /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%
$1,135,220
Cap Rate 7%
$810,871
Cap Rate 9%
$630,678
Alternative Uses
Best Use
Multifamily LT 5
$810.9K
$709.5K – $946.0K
NOI $56,761 @ 7.0% cap · market cap 7.23%
Second Best
Apartment 5plus
$708.9K
$620.3K – $827.0K
NOI $49,622 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$1.29M
$1.12M – $1.50M
NOI $89,956 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,214
Businesses Nearby
Explore this area
Business Placement
Demographics for 07106, NJ
34,596
Population
13,633
Households
2.5
Avg Household Size
35
Median Age
18%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
24,711
Density / Sq Mi
$48,105
Median Household Income
$34,820
Median Earnings
$1,221
Median Rent
$321,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units allow an owner to occupy one while renting the other.
Where is this duplex located?
The property is located at 83 Stuyvesant Ave Newark, NJ.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Two‑unit residential property built in 2022; Approximately 3,285 square feet; Each unit includes open living and dining areas, a kitchen, bedrooms, and bathrooms
