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SOLD 251113

243-253 COIT STREET

Irvington, NJ

$1,000,000

Commercial

Property Type

Tax Assessment Analysis

Sale Price

$1,000,000

Total Assessed

$1,287,800

Sale vs. Assessed

-$287,800 (-22.3%)

Land Value

$136,700

Building Value

$1,151,100

Irvington Market Overview

$425,000

Median Price

229

Total Sales

+5.3%

Year over Year

Seller's

Market Type

📊 Investment Analysis

$7,000

Est. Monthly Rent

$7,337

Est. Mortgage

6.95% · 20% down

-$337

Monthly Cash Flow

8.4%

Cap Rate

-2.0%

Cash-on-Cash Return

Estimates based on 0.7% rent rule, 6.95% interest rate, 20% down payment. For illustrative purposes only.

🏘 Irvington Neighborhood Guide

Walk Score

Very Walkable

Min to NYC

With transfer

Irvington Bus Terminal

Train Station

NJ Transit Bus 25/107 to Newark Penn + Northeast Corridor

Neighborhoods in Irvington

Upper Irvington $450,000 to $490,000

Best for: Families seeking stable neighborhoods with Newark proximity

Springfield Avenue Corridor $500,000 to $550,000

Best for: Those prioritizing walkable commercial districts and cultural diversity

Irvington North $380,000 to $400,000

Best for: Renters and first time buyers seeking affordability with walkability

Stuyvesant Village $215,000 to $400,000

Best for: Mixed income residents seeking affordability with community feel

Chancellor Avenue $300,000 to $400,000

Best for: Affordable housing seekers, seniors, transit users

Irvington South $320,000 to $400,000

Best for: Families, French speaking communities, walkable living

Ivy Hill $350,000 to $450,000

Best for: Large apartment complex living, university proximity

East Ward $280,000 to $380,000

Best for: Diverse communities, investors seeking redevelopment opportunities

Clinton Hill $280,000 to $380,000

Best for: Budget conscious buyers, diverse residential mix seekers

Grove Street $240,000 to $260,000

Best for: Budget conscious renters, investors, entry level buyers

Irvington is a township of 62,000 residents in Essex County named after Washington Irving, America's first internationally acclaimed author. Settled in 1692 and renamed from Camptown in 1852 after residents feared association with Stephen Foster's Camptown Races, it has deep roots in American histor...

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