Two-Story Residential Income
For Sale
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99 Vassar Ave, Newark, NJ 07112
Finished interior space and electric and natural gas service are present in this Newark property.
Property Size800 SF
Price / SF$3.38
Days on Market23
Property Features for 99 Vassar Ave
General Information
Standard status
Active
Size
800 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Weequahic
Taxes and HOA fees
Annual Taxes
$10,189
Amenities
Electric, Natural Gas
Finished
2-Two Story
Building Details
Building Size
800 SF
Year Built
1922
Stories
2
Listing Agency:
ALEXANDER ANDERSON REAL ESTATE
Listed By:
CYNTHIA BARRETT-BISMUTH
(646) 287-8503
Source:
Evrealestate
Added: Oct 2
Changed: Oct 15
Last Checked: Oct 24 at 5:06PM
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 ALEXANDER ANDERSON REAL ESTATE
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Investment Insights
Based on property information with market context.
This residential income property in Newark is a two-story building with finished interior space. Electric and natural gas service are present. The property was built in 1922 and contains 800 square feet.
The address is 99 Vassar Ave, Newark City, NJ 07112, between Parkview Ter and Bergen Ave.
The address is 99 Vassar Ave, Newark City, NJ 07112, between Parkview Ter and Bergen Ave.
Key Highlights
- Two‑story building with finished interior space
- 800 square feet of building area
- Built in 1922
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,376
Suggested Prices Based on Cap Rates
Cap Rate 5%
$247,520
$247.5K
Cap Rate 7%
$176,800
$176.8K
Cap Rate 9%
$137,511
$137.5K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$23.7K $29.64/SF
− Vacancy
−$1.2K −$1.51/SF
EGI
$22.5K $28.13/SF
− OpEx
−$10.1K −$12.66/SF
NOI
$12.4K $15.47/SF
Area
Newark, NJ
Vacancy
5.10%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$247,520
Cap Rate 7%
$176,800
Cap Rate 9%
$137,511
Alternative Uses
Best Use
Apartment 5plus
$176.8K
$154.7K – $206.3K
NOI $12,376 @ 7.0% cap · market cap 458.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$283.5K
$248.0K – $330.7K
NOI $19,842 @ 7.0% cap · market cap 734.89%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,588
Businesses Nearby
Explore this area
Business Placement
Demographics for 07112, NJ
29,773
Population
11,779
Households
2.5
Avg Household Size
34
Median Age
18%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
21,266
Density / Sq Mi
$55,171
Median Household Income
$35,709
Median Earnings
$1,334
Median Rent
$306,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Finished interior space and electric and natural gas service are present in this Newark property.
Where is this residential income property located?
The property is located at 99 Vassar Ave Newark, NJ.
What are key features of this property?
This property features: Two‑story building with finished interior space; 800 square feet of building area; Built in 1922
