Brick-Faced
851 South 14th Street, Newark, NJ 07108
For Sale
New
$899,900
The two-family property is under construction and includes central air conditioning and wood flooring.
Property Size3,260 SF
Price / SF$276.04
Days on Market2
Property Features for 851 South 14th Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Hardwood Floors
Central Air
Granit Kitchen
Gas-Natural
1
6
2
3
Carbon Monoxide Detector,Smoke Detector
Carbon Monoxide Detector,Dishwasher,Kitchen Exhaust Fan,Range/Oven - Gas,Smoke Detector
Carbon Monoxide Detector,Smoke Detector,Tile Floors,Walk-In Closet,Wood Floors
1.0
2.0
Rec Room,Utility Room
Bedrooms,Kitchen,Living/Dining Room
No
Level Lot
Public Water
25 X 100
0.06
Metal Fence,Sidewalk
3260
Brick,Vinyl Siding
Building Details
Building Size
Year Built
Construction
Listing Agency:
(551) 239-8040
Listed By:
Justin Robinson
Source:
Skyrealtyintl
Added: Nov 8
Last Checked: Nov 9 at 7:38AM
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 Justin Robinson
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Investment Insights
Based on property information with market context.
This two-family duplex is under construction, with 3,260 square feet of building area. Exterior materials include brick and vinyl siding, and interior features include wood floors, central air conditioning, and a granite kitchen. The property also has a utility room and recreation room.
The level lot measures 25 by 100 feet, or 0.06 acres, and includes public water, a metal fence, and sidewalk access. West Side Park, the Garden State Parkway, and University Heights are identified as nearby destinations.
The level lot measures 25 by 100 feet, or 0.06 acres, and includes public water, a metal fence, and sidewalk access. West Side Park, the Garden State Parkway, and University Heights are identified as nearby destinations.
Key Highlights
- 3,260 square feet of building area
- Two‑family duplex under construction
- 25‑by‑100‑foot lot totaling 0.06 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,244
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,104,880
$1.1M
Cap Rate 7%
$789,200
$789.2K
Cap Rate 9%
$613,822
$613.8K
Market Conditions
NOI Build-Up for 3,260 SF
Gross rent
$82.9K $25.44/SF
− Vacancy
−$4.0K −$1.23/SF
EGI
$78.9K $24.21/SF
− OpEx
−$23.7K −$7.26/SF
NOI
$55.2K $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 Rate 5%
$1,104,880
Cap Rate 7%
$789,200
Cap Rate 9%
$613,822
Alternative Uses
Best Use
Multifamily LT 5
$789.2K
$690.6K – $920.7K
NOI $55,244 @ 7.0% cap · market cap 6.14%
Second Best
Apartment 5plus
$720.5K
$630.4K – $840.6K
NOI $50,434 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $80,855 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,449
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 Duplexes in Newark, NJ
Properties on Market for Duplexes in Newark
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two-family property is under construction and includes central air conditioning and wood flooring.
Where is this duplex located?
The property is located at 851 South 14th Street Newark, NJ.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 3,260 square feet of building area; Two‑family duplex under construction; 25‑by‑100‑foot lot totaling 0.06 acres
