Multifamily
For Sale
$750,000
90 Cutler St, Newark, NJ 07104
A 3,000-square-foot building constructed in 1900 is located in Newark, New Jersey.
Property Size3,000 SF
Price / SF$250
Days on Market13
Property Features for 90 Cutler St
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Multi Family Home
Net Operating Income
$50,000
Site & Location
Neighborhood
Seventh Avenue
Amenities
Carbon Monoxide Detector
See Remarks
Smoke Detector
Curbs
SeeRem
Sidewalk
StrmWind
FencVnyl
Building Details
Building Size
3,000 SF
Year Built
1900
Units
3
Listing Agency:
Yale Kent, LLC.
(908) 624-1222
Listed By:
Stephen Buch · License #300028
(973) 277-2623
Source:
Culturaunitedrealty
Added: Oct 12
Changed: Oct 23
Last Checked: Oct 23 at 4:10PM
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 Yale Kent, LLC.
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Investment Insights
Based on property information with market context.
This multifamily property contains 3,000 square feet and was built in 1900. The building is located at 90 Cutler St in Newark, New Jersey.
Key Highlights
- 3,000‑square‑foot multifamily property
- Built in 1900
- Located at 90 Cutler St, Newark City, NJ 07104
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,976
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$939,520
$939.5K
Cap Rate 7%
$671,086
$671.1K
Cap Rate 9%
$521,956
$522.0K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$90.0K $30.00/SF
− Vacancy
−$4.6K −$1.53/SF
EGI
$85.4K $28.47/SF
− OpEx
−$38.4K −$12.81/SF
NOI
$47.0K $15.66/SF
Area
ZIP 07104
Vacancy
5.10%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$939,520
Cap Rate 7%
$671,086
Cap Rate 9%
$521,956
Alternative Uses
Best Use
Apartment 5plus
$671.1K
$587.2K – $782.9K
NOI $46,976 @ 7.0% cap · market cap 6.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$948.9K
$830.3K – $1.11M
NOI $66,426 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
1,763
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - A 3,000-square-foot building constructed in 1900 is located in Newark, New Jersey.
Where is this multifamily property located?
The property is located at 90 Cutler St Newark, NJ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,000‑square‑foot multifamily property; Built in 1900; Located at 90 Cutler St, Newark City, NJ 07104
