New DevelopmentSponsor Residence

516-518 Hawthorne, Newark, NJ 07112

Multi Family Home in Newark, Newark, NJCourtesy of JD Frances Realty
516-518 Hawthorne, Newark City, Newark, NJ 07112 - Main property photo
516-518 Hawthorne, Newark City, Newark, NJ 07112 - Property photo 2 of 2

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 beside this are illustrative, based on a 3% buyer-broker commission; your share follows the commission offered on the transaction.

Contract Purchase Price$1,059,000
Illustrative Buyer Commission Share-$15,885*
Illustrative Net Cost$1,043,115
Listing Price
$1059000
Common Charges—
Monthly Taxes$317 / mo
Price per Sqft—
Brokerage FeeShare Eligible
9
Beds
6
Baths
—
Sqft
Illustrative Buyer Savings
+$15,885*
50% of a 3% buyer-broker commission, shared at closing
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Regis Roumila

Regis Roumila

Verified Member: REBNY · NAR

NYDOS LIC#: 10491211335

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Property Overview

This three family house boasts nine bedrooms and six bathrooms and each unit offers a built in laundry. This brand new property is equipped with a sprinkler system and each apartment has its separate gas and electric meters. Each apartment features three beds and two bathrooms and the same rent amount across the board. This ultimate income producing property should pick you business acumen. The property is currently under construction with an estimated completion date of June 20th 2026.This brand new property will enjoy a five years tax abatement. Go show and please exercise some precaution wh...

Property Details

PROPERTY TYPE3 Family
BEDS9
BATHS6
MONTHLY TAXES$317 / mo
LISTED ONJan 2, 2026
DAYS ON MARKET250 Days

Estimated Monthly Payment

$5,672/ month
Principal & Interest$5,35594% of totalProperty Taxes$3176% of total
Down Payment$211,800 (20%)
Interest Rate6.5%
Loan Term
Principal & Interest
$5,355
Property Taxes
$317

Estimates only. Actual payments may vary. Confirm terms with your lender.

Neighborhood Context

Nearby Schools

Weequahic High School0.24 miles
Hawthorne Elementary School0.25 miles
University High School0.26 miles
Madison Elementary School0.48 miles
New Jersey Regional Day School0.58 miles

* Distances are approximate line-of-sight metrics.

Location Context

Newark City

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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.