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Anthony Romano

Questions? Call directly

(201) 366-6986
Asking Price

$1,250,000

123 Hidden Street,Newark, NJ 07104

Comp Purchase Price

$1,250,000

What builders pay for similar lots nearby

Proj. Resale Price

$8,000,000

Based on 1 recent new construction sale nearby

Build Opportunity

Current Property Type

Tear Down

Projected Resale Build Type

New Const – Duplex

Lot Size

15,500 ~ sqft

Dimensions

60 x 241 ft

Zoning

Zoning: R-2 · One And Three Family Residential

In the Newark R-2 zone, you can build single-family, two-family, or three-family dwellings as-of-right. For a three-family dwelling, the maximum lot coverage is 55% and the maximum building height is 36 feet

Single FamilyTwo FamilyMulti FamilyCommercialIndustrial
Property Details

Additional Information

Description

Currently a 4 family home sitting on an extra deep, triple wide lot. This is the perfect opportunity to build roughly 8+ duplexes on this oversized lot.

Zoning

Residential

Approval Status

Unapproved

Environment

Unknown

Vacant at Closing

Yes

Subject To

NA

Closing Timeframe

Flexible

Comparable Sales Map

Locations of builder purchases and new construction sales

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New Construction Sales

Based on similar sized new construction properties

×2 unit opportunity — the projected build here is Duplex. Comp prices below are single-property sales.

1

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ImageAddressPriceTypeLot SqFtHome SqFtBedsBathsList DateSold DateStatusBuilder Names
183 Sylvan Ave, Newark, New Jersey 07104Smaller lotMulti-unit sale$850,000Multi-Family2,648N/A85Aug 5, 2026N/AActive
Carlos Lopes, Elior Yerushalmi +2 more
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