--- title: "87 MADISON Avenue, Newark, NJ 07108" description: "87 MADISON Avenue, Newark, NJ 07108 — Newark, Essex, NJ. Listing Price $445000. 2 bed, 1 bath Illustrative Buyer Commission Share of $6,675 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newjersey/newark/07108/87-madison-avenue-nj-07108" source: "Real Estate Rebate Team" status: "ACTIVE" --- # 87 MADISON Avenue, Newark, NJ 07108 Newark, Essex, NJ Courtesy of COMPASS NEW JERSEY, LLC ## At a Glance - **Listing Price**: $445000 - **Beds**: 2 - **Baths**: 1 - **Monthly Taxes**: $623 / mo - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $445,000 - **Illustrative Buyer Commission Share**: -$6,675* - **Illustrative Net Cost**: $438,325 *Illustrative Buyer Savings of $6,675 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (10) ![87 MADISON Avenue, Newark, NJ 07108 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/62be3743-c4c1-41fd-ab01-d990a10383d1.JPG) ![87 MADISON Avenue, Newark, NJ 07108 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3b28250f-8609-4949-9365-9f4bbed0b785.JPG) ![87 MADISON Avenue, Newark, NJ 07108 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/214697bf-7079-4423-836c-ac2e41fdb16e.JPG) ![87 MADISON Avenue, Newark, NJ 07108 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/fe8ad996-eb03-4b67-9e2e-2f912e04ec27.JPG) ![87 MADISON Avenue, Newark, NJ 07108 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a3f1e662-439c-4981-9f2e-46756f5a277e.JPG) ![87 MADISON Avenue, Newark, NJ 07108 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8a65a817-b9d3-4ef1-8232-4585474aa04c.JPG) ![87 MADISON Avenue, Newark, NJ 07108 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/61e0e24f-629f-4eee-9dee-8b13bd2bfa3e.JPG) ![87 MADISON Avenue, Newark, NJ 07108 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c850cd93-e9ed-4060-8f80-ce09e8d5c024.JPG) ![87 MADISON Avenue, Newark, NJ 07108 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/fd80086e-23a7-4f52-96f1-8bad8fc28e80.JPG) ![87 MADISON Avenue, Newark, NJ 07108 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/0b6091d4-6397-4969-a796-5d0cab57b559.JPG) ## Property Overview Fantastic 5 bedroom, 2 bathroom home fully renovated in 2024 offering space, a comfortable floor plan for everyday living, and great value. Enter into the first floor enclosed porch sitting room, a great place to relax and unwind, which leads into an open living and dining area that flows into a fully updated modern kitchen with stainless steel appliances and access to a large private backyard for outdoor enjoyment. Stay comfortable year round with central air and heat throughout. The charm continues upstairs where you will find five bedrooms and two full bathrooms across the second and third floors, including a primary bedroom with a sizable walk in closet. Both bathrooms have been thoughtfully updated. The partially finished basement offers flexibility for storage or an exercise space and includes a washer and dryer. The home is filled with natural light from multiple windows throughout. Conveniently located near Clinton Avenue shopping and dining, Weequahic Park, local bus lines, and just a short drive to Newark Penn Station for PATH and NJ Transit service into NYC. We invite you to stop by and see this great home! ## Property Details - **Property Type**: One Family - **Beds**: 2 - **Baths**: 1 - **Rooms**: 5 - **Stories**: 9 - **Monthly Taxes**: $623 / mo - **Listed On**: Mar 26, 2026 - **Days on Market**: 170 Days ### Residence Features - A/C Central - Gas - Hot Air - Dishwasher - Microwave - Refrigerator - Washer/Dryer - Oven/Range Gas - Aluminum/Vinyl - Near Train - Near Shopping - Near Bus - Near Parks - Near Schools - Colonial - Multi-Level - Partial Finish - Other See Remarks ### Building Amenities - Backyard ## Estimated Monthly Payment **$2,873 / month**, assuming a 20% down payment ($89,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $2,250 - **Property Taxes**: $623 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Newark City Explore more real estate and insights about Newark City. [Explore Newark City](https://realestaterebatesnewyork.com/neighborhoods/nj/essex/newark-city) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ## Related Links - [Newark City neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/nj/essex/newark-city) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.