159 Newark Street #1B
About This Property
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jan 11, 2025 | Price Decreased |
$594,000
↓ $5K
(0.8%) | |
Price Decreased | |||
Dec 3, 2024 | Price Decreased |
$599,000
↓ $16K
(2.6%) | |
Price Decreased | |||
Nov 13, 2024 | Listed by Brown Harris Stevens New Jersey | $615,000 | |
Listed by Brown Harris Stevens New Jersey | |||
Oct 6, 2021 | No longer available | - | |
No longer available | |||
Mar 12, 2021 | Sold to David Siewers | ||
Sold to David Siewers |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
05/31/2023
|
1 Bed
|
1 Bath
|
-
|
$499,900
1 Bed
1 Bath
|
$521,000
+4.22%
06/30/2023
|
-
|
T. Courtenay Batcha
Prominent Properties Sotheby's International Realty-Hoboken
| |
03/22/2023
|
1 Bed
|
1 Bath
|
600 ft²
|
$465,000
1 Bed
1 Bath
600 ft²
|
$485,000
+4.30%
06/28/2023
|
ELIZABETH RAKELA
Keller Williams City Life Realty
| ||
04/07/2022
|
1 Bed
|
1 Bath
|
592 ft²
|
$499,000
1 Bed
1 Bath
592 ft²
|
$505,000
+1.20%
07/18/2022
|
ALBERT NGAI
EXP REALTY LLC
| ||
05/07/2021
|
1 Bed
|
1 Bath
|
618 ft²
|
$439,000
1 Bed
1 Bath
618 ft²
|
$415,000
-5.47%
08/24/2021
|
MICHAEL CHECK
COLDWELL BANKER RESIDENTIAL BROKERAGE
| ||
06/19/2020
|
1 Bed
|
2 Bath
|
1000 ft²
|
$675,000
1 Bed
2 Bath
1000 ft²
|
-
-
|
-
|
Darren Giordano
EXP Realty, LLC
| |
06/03/2020
|
1 Bed
|
1 Bath
|
677 ft²
|
$525,000
1 Bed
1 Bath
677 ft²
|
$525,000
03/12/2021
|
JILL BIGGS
COLDWELL BANKER RESIDENTIAL BROKERAGE
| ||
09/30/2019
|
1 Bed
|
2 Bath
|
1000 ft²
|
$699,000
1 Bed
2 Bath
1000 ft²
|
$635,000
-9.16%
09/08/2020
|
PATRICIA GRAY
CENTURY 21 INNOVATIVE REALTY
| ||
04/16/2019
|
1 Bed
|
2 Bath
|
839 ft²
|
$499,000
1 Bed
2 Bath
839 ft²
|
-
-
|
-
|
INGRID HART
PROMINENT PROPERTIES SIR
| |
08/10/2018
|
1 Bed
|
2 Bath
|
839 ft²
|
$589,000
1 Bed
2 Bath
839 ft²
|
-
-
|
-
|
INGRID HART
PROMINENT PROPERTIES SIR
|