Apartment Building with Finished
94 Eaton Place, East Orange, NJ 07017
For Sale
$899,000
Three main apartments offer independent utilities, while the lower level contains two additional rental units.
Property Size4,665 SF
Price / SF$192.71
Days on Market27
Property Features for 94 Eaton Place
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Building Details
Year Built
Buildings
Listing Agency:
OM
Listed By:
GENNIFER STRIBLING
(908) 578-4170
Source:
Actionplusrealty
Added: Oct 14
Changed: Nov 8
Last Checked: Nov 8 at 6:49AM
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 OM
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Investment Insights
Based on property information with market context.
This 4,665-square-foot apartment property has three main units, each configured with four bedrooms and one full bathroom. Features include high ceilings, vinyl flooring, recessed lighting, and separate utilities. Two of the main apartments have kitchens with stainless steel appliances and granite countertops. The finished basement adds two rental units, each with two bedrooms, a full bathroom, and a kitchen equipped with stainless steel appliances. A backyard and paved patio provide outdoor space. A green card and Full Certificate of Conformity have been issued, and the property is being sold as-is.
The property is approximately five minutes from major highways and six minutes from Brick Church Station; the station offers a 30-minute commute to New York City.
The property is approximately five minutes from major highways and six minutes from Brick Church Station; the station offers a 30-minute commute to New York City.
Key Highlights
- 4,665 square feet with three main apartments and two additional basement rental units
- Each main apartment has 4 bedrooms and 1 full bathroom
- Two basement units each include 2 bedrooms, 1 full bathroom, and a kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,738
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,434,760
$1.4M
Cap Rate 7%
$1,024,829
$1.0M
Cap Rate 9%
$797,089
$797.1K
Market Conditions
NOI Build-Up for 4,665 SF
Gross rent
$140.0K $30.00/SF
− Vacancy
−$9.5K −$2.04/SF
EGI
$130.4K $27.96/SF
− OpEx
−$58.7K −$12.58/SF
NOI
$71.7K $15.38/SF
Area
Essex County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,434,760
Cap Rate 7%
$1,024,829
Cap Rate 9%
$797,089
Alternative Uses
Best Use
Apartment 5plus
$1.02M
$896.7K – $1.20M
NOI $71,738 @ 7.0% cap · market cap 7.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,269 @ 7.0% cap · market cap 9.48%
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
Open Analytics
Lease Details
5
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,291
Businesses Nearby
Explore this area
Business Placement
Demographics for 07017, NJ
39,054
Population
16,770
Households
2.3
Avg Household Size
37
Median Age
22%
College-Educated
88%
High-School Grad
2.3 sq mi
ZIP Area
16,980
Density / Sq Mi
$61,552
Median Household Income
$39,847
Median Earnings
$1,346
Median Rent
$316,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Essex County, NJ
Properties on Market for Apartment buildings in Essex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Three main apartments offer independent utilities, while the lower level contains two additional rental units.
Where is this apartment building located?
The property is located at 94 Eaton Place East Orange, NJ.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 4,665 square feet with three main apartments and two additional basement rental units; Each main apartment has 4 bedrooms and 1 full bathroom; Two basement units each include 2 bedrooms, 1 full bathroom, and a kitchen
