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New-Construction Apartment Building

862 Broadway Unit 505, Newark, NJ 07104

For Sale
New
Contact for pricing

Apartments feature private balconies, in-unit laundry, and a shared conference room with office space.

Property SizeContact for details
Days on Market2

Property Features for 862 Broadway Unit 505

General Information

Standard status Active
Property subtype Multi-Family

Site & Location

Neighborhood North Broadway
Public Transit Yes

Amenities

in-unit washer/dryer
mini split heating and cooling
private balconies
pet-friendly community
conference room/office space
parking
Laminate
Gas-Natural
First
2 Bedrooms,Bath Main,Bath(s) Other,Kitchen,Living Room
2
In Building,In Unit
Bathroom
City/Town Street
Public Water
100X100
0.23

Building Details

Year Built 2025
Listing Agency: RE/MAX PROFESSIONALS I
Listed By: Andrea Lew
Source: Skyrealtyintl
Added: Nov 8 Last Checked: Nov 9 at 7:52AM

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 RE/MAX PROFESSIONALS I

Rey
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Investment Insights

Based on property information with market context.

Completed in 2025, this apartment property offers two-bedroom, two-bathroom units with contemporary finishes, new appliances, and spacious closets. Each unit has a private balcony and a mini-split system for heating and cooling. Laundry is provided in each unit, and residents can use a shared conference room and office space. Parking is available for an additional fee, and the community welcomes pets.

Bus transportation, shops, and restaurants are nearby. The property is also near the planned Greenway connecting Montclair, Newark, and Jersey City.

Key Highlights

  • 2025 construction
  • Two‑bedroom, two‑bathroom apartment units
  • Private balconies and in‑unit washer and dryer

Location Intelligence

Trade Area within ½ mile

1,384
Businesses Nearby

Demographics for 07104, NJ

54,051
Population
21,762
Households
2.5
Avg Household Size
35
Median Age
21%
College-Educated
71%
High-School Grad
2.5 sq mi
ZIP Area
21,620
Density / Sq Mi
$51,199
Median Household Income
$36,139
Median Earnings
$1,343
Median Rent
$337,400
Median Home Value

Market

Average Price Trend$/SF for Apartment buildings in Newark, NJ

$257 Jul
$215 Aug
$208 Sep
$223 Oct

Properties on Market for Apartment buildings in Newark

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Apartments feature private balconies, in-unit laundry, and a shared conference room with office space.
Where is this apartment building located?
The property is located at 862 Broadway Unit 505 Newark, NJ.
What are key features of this property?
This property features: 2025 construction; Two‑bedroom, two‑bathroom apartment units; Private balconies and in‑unit washer and dryer
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