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725 Elizabeth Ave #2, Newark, NJ, 07112

6beds
3.1baths
3,000sqft
$999,995
$333price/sqft
$7,661/moest. monthly cost
$306,440/yrincome needed

About This Home

This Beautiful Stately Solid Brick Mansion Home is located at corner of Elizabeth Avenue and Vasar. The home is across the beautiful Quequack Recreational Park, near NY City Trans, Beth-Israel Hospital, Schools and Shoppings. Features Large Living Room, large Family Room or Home office, Large Kitchen with plenty of cabinets, Entrance foyer, 6-7 bedrooms, 4 bathrooms with ceramic tiles, basement and cars garage. It's beautifully fenced, Detached cars garage and exclusive parking lot drive way. This won't Last!!!

Getting Around

64
WalkingSomewhat Walkable
58
TransitGood Transit
45
BikeSomewhat Bikeable

Schools

3/10
1/10
Weequahic High SchoolGrades 9-120.7 mi
1/10

Construction

Condition

  • Year built: 1950

Materials

  • Roof: Composition Shingle,See Remarks
  • Construction materials: Brick

Notable Dates

  • Major remodel year: 2026

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Instant Hot Water,Range/Oven - Electric,Range/Oven - Gas,Gas Water Heater,Water Heater (See Remarks)

Basement

  • Has basement: Yes
  • Basement: Yes,Full

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 3.1
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Features

  • Chandelier,Bedrooms,Kitchen,Living Room,Dining Room
  • Number of fireplaces: 1
  • Fireplace: Yes

Heating & Cooling

  • Heating features: 1 Unit,Radiators - Steam,See Remarks
  • Cooling features: See Remarks

Interior Area

  • Total structure area: 3,000
  • Total interior livable area: 3,000 sqft

Property

Accessibility

  • Accessibility features: Handicap Modified

Details

  • Parcel number: 1614036810000000010000
  • Exclusions: NONE

Features

  • Levels: 3-Three Story
  • Stories: 3
  • Exterior features: Sidewalk

Lot

  • Lot size: 0.37 Acres
  • Features: Level
  • Lot size dimensions: 100.2 x 159

Parking

  • Total spaces: 6
  • Parking features: 2 Car Width,Driveway-Exclusive,Parking Lot-Exclusive
  • Uncovered spaces: 6

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Cold Wave
    Cold WaveModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Heat Wave
Cold Wave
Strong Wind
Winter Weather

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $5,056$60,672
Home Insurance *$526$6,312
Property Taxes $1,749$20,988
Electricity $330$3,968
Total$7,661$91,932
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$262,662/yr
40% on housing$229,830/yr
45% on housing$204,293/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.4%
7.4%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$333This listing

vs Other Active Listings

Avg $/sqft

ZIP 07112$274
Essex County$382

vs Homes Sold Last Month

Median $/sqft

ZIP 07112$186
Essex County$391

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-28Price change$1,200,000
2026-04-14Price change$899,997
2026-04-08Listed for sale$1,200,000

For Sale by Agent

AgentEmmanuel Okoye
BrokerageHomeland Emmanuel Okoye Realty

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