--- title: "86-88 Chancellor, Newark, NJ 07112" description: "86-88 Chancellor, Newark, NJ 07112 — Newark, ESSEX, NJ. Listing Price $350000. 3 bed, 3 bath Illustrative Buyer Commission Share of $5,250 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newjersey/newark/07112/86-88-chancellor-nj-07112" source: "Real Estate Rebate Team" status: "Active" --- # 86-88 Chancellor, Newark, NJ 07112 Newark, ESSEX, NJ Courtesy of EXP Realty, LLC ## At a Glance - **Listing Price**: $350000 - **Beds**: 3 - **Total Baths**: 3 - **Monthly Taxes**: $627 / 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**: $350,000 - **Illustrative Buyer Commission Share**: -$5,250* - **Illustrative Net Cost**: $344,750 *Illustrative Buyer Savings of $5,250 — 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) ![86-88 Chancellor, Newark, NJ 07112 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/38fb07c7-8c7e-4f69-9047-ef2fb869d88e.JPG) ![86-88 Chancellor, Newark, NJ 07112 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ee20ad91-326c-4074-b5b0-50235081dd39.JPG) ![86-88 Chancellor, Newark, NJ 07112 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a014639d-20ae-472a-849a-7dbb6ec1db3e.JPG) ![86-88 Chancellor, Newark, NJ 07112 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/021fa2f6-d56d-4ebb-b3f5-c183238661b0.JPG) ![86-88 Chancellor, Newark, NJ 07112 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/422639c5-ad3c-4751-896e-bb6b1c633f04.JPG) ![86-88 Chancellor, Newark, NJ 07112 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f1db7cde-8ce8-4cd2-8ee0-3ad233b564c8.JPG) ![86-88 Chancellor, Newark, NJ 07112 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/412976da-8a41-4c86-b951-2db17698a839.JPG) ![86-88 Chancellor, Newark, NJ 07112 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b32fb7b9-fb2b-4a77-99d5-e33482f3bcf5.JPG) ![86-88 Chancellor, Newark, NJ 07112 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/621ee46d-843b-4b16-8065-dfeefcfde0b6.JPG) ![86-88 Chancellor, Newark, NJ 07112 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/da8ef5fa-f6c6-4e86-adc6-4fcc77e7dd1e.JPG) ## Property Overview Welcome to this spacious ranch-style single-family home in the highly sought out Historic District of Weequahic. Offering 3"4 bedrooms and 2.5"3 baths across two levels, including a finished basement. With low taxes, a prime location, and estimated rehab costs of $125K"$200K, this property offers strong upside potential! The lender's ARV estimate is $550K+. Highlights include an open-concept layout, a large master bedroom, and flexible space for additional bedrooms. The renovated basement adds valuable living or recreational space.Situated near public transit and just minutes from the NJ Turnpike ideal for NYC commuters. Currently in a residential zone residential but is commercial use; buyer will need to convert usage to residential. Cash or hard money only. Direct end buyers only " no wholesalers. ## Property Details - **Property Type**: Ranch - **Beds**: 3 - **Total Baths**: 3 - **Monthly Taxes**: $627 / mo - **Listed On**: Oct 15, 2025 - **Days on Market**: 332 Days ### Residence Features - Baseboard - Gas - Brick - Full - Zoned Prof Office Use - Historic - 1st Flr Primary Bdrm - Close/Parks - Close/School - Close/Trans - One Floor Living - Regular ## Estimated Monthly Payment **$2,396 / month**, assuming a 20% down payment ($70,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $1,770 - **Property Taxes**: $627 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) --- > The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than RLS Data display by Real Estate Rebate Team LLC. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. > 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.