70 2Nd St South Orange, NJ 07079

OFF-MARKET

Multifamily properties

Property ID

US59-2738173

Built 1889

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The property is located in South Orange, New Jersey, near the Midtown Direct train line and the downtown area. It consists of two parcels combined into a single development lot measuring approximately 160 by 125, with a zoning designation of R-B and “as of right” privileges noted for the Academy Heights section. The bundle includes a 2-bedroom, 1-bathroom single-family home and a separate two-unit multifamily building configured with a total of 6 bedrooms and 4 bathrooms. Unit layouts are identified at 70 2nd St, where the building is arranged into two units that had been operated under separate residential leases.

Property type Multifamily properties

Year built 1889

UPID US59-2738173

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

70 2Nd St South Orange, NJ 07079

South Orange metro

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Comparables

6 recent transactions · within 1.5 mi

Comparable in this City

Value Estimation
$6,145,000

27,593 SF

52 Cottage St

APARTMENT HOUSE (UNDER 5 UNITS)

52 Cottage St, South Orange, NJ 07079-2262

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Value Estimation
$21,765,000

69,090 SF

10 Ridgewood Rd

APARTMENT HOUSE (UNDER 5 UNITS)

10 Ridgewood Rd, South Orange, NJ 07079-1555

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Value Estimation
$2,930,000

5,984 SF

132 Milligan Pl

APARTMENT HOUSE (UNDER 5 UNITS)

132 Milligan Pl, South Orange, NJ 07079-1929

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Value Estimation
$5,780,000

30,960 SF

116 Irvington Ave

APARTMENT HOUSE (UNDER 5 UNITS)

116 Irvington Ave, South Orange, NJ 07079-1926

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Value Estimation
$2,670,000

12,102 SF

170 Irvington Ave

APARTMENT HOUSE (UNDER 5 UNITS)

170 Irvington Ave, South Orange, NJ 07079-2263

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Value Estimation
$6,615,000

36,256 SF

171 Vose Ave

APARTMENT HOUSE (UNDER 5 UNITS)

171 Vose Ave, South Orange, NJ 07079-2044

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Similar Nearby for Lease

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Two-Bedroom Apartment for Lease

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3,852 sqft

Turnkey Restaurant with Outdoor Seating

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Office Suite for Lease

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2,285 sqft

Office Suites Near Transit

Totaling 2,285 SF, this office space is available for lease two blocks from the NJ Transit train station.

75 South Orange Avenue, South Orange, NJ 07079

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