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54 Pennsylvania Ave, Newark City, NJ, 07114

6beds
4.1baths
3,200sqft
$899,000
$281price/sqft
$7,072/moest. monthly cost
$282,880/yrincome needed

About This Home

The new construction game has leveled up and you don't want to be left behind. This stunning brand new build, crafted by one of the town's most reputable developers. The ground level features a half bath and large space and offers both a side entrance and garage access. Each unit boasts 3 bedrooms and 2 full bathrooms, including a private primary suite, plus its own laundry area. Second floor unit and top-of-the-line finishes throughout quartz countertops, premium cabinetry, and two unique kitchen designs to choose from. Best of all, this property qualifies for a 5-year tax abatement. Don't miss the chance to see it today! Each property will have its own backyard and will be fenced off. With a total of 6 bedroomns 4.1 bathrooms, this is it!

Getting Around

86
WalkingVery Walkable
0
TransitVery Limited Transit
52
BikeBikeable

Schools

1/10
1/10
Central High SchoolGrades 9-120.8 mi

Construction

Condition

  • Property condition: Under Construction
  • New construction: Yes
  • Year built: 2026

Materials

  • Roof: Flat
  • Construction materials: Aluminum Siding,Clapboard,Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Range/Oven - Gas,Refrigerator
  • Laundry features: Laundry Room

Basement

  • Has basement: Yes
  • Basement: Yes,Full,Walk-Out Access

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 4.1
  • Full bathrooms: 4
  • 1/2 bathrooms: 1

Features

  • Bedrooms,Eat-in Kitchen,Kitchen,Living Room,Eat-In Kitchen

Heating & Cooling

  • Heating features: 2 Units,Natural Gas
  • Cooling features: 2 Units,Central Air

Interior Area

  • Total structure area: 3,200
  • Total interior livable area: 3,200 sqft

Property

Details

  • Parcel number: 1614028210000000110000
  • Exclusions: personal items

Features

  • Levels: 3-Three Story
  • Stories: 3

Lot

  • Lot size: 2,613 sqft
  • Lot size dimensions: 27 x 100

Parking

  • Total spaces: 1
  • Parking features: 1 Car Width,Attached Garage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • Uncovered spaces: 1

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

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

How This Home’s Risks Compare

Cold Wave
Heat 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 $4,545$54,540
Home Insurance *$602$7,224
Property Taxes $1,573$18,876
Electricity $352$4,233
Total$7,072$84,864
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$242,468/yr
40% on housing$212,160/yr
45% on housing$188,586/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

$281This listing

vs Other Active Listings

Avg $/sqft

ZIP 07114$192
Essex County$382

vs Homes Sold Last Month

Median $/sqft

ZIP 07114$477
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)

No zestimate history available

Price History

DateEventPrice
2026-08-14Pending sale$899,000
2026-07-21Listed for sale$899,000

New Construction

AgentOscar Nunez-paz
BrokerageKeller Williams City Views Realty

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