$485,000 - $709,000
RENTED JUL 8, 2025

61 New Jersey Railroad Ave Unit 8 Newark, NJ 07105

South Ironbound Neighborhood
2 Beds
2 Baths
-- Sq Ft
2010 Built

Highlights

  • En-Suite Primary Bedroom
  • Forced Air Heating System
  • Washer and Dryer

About This Home

As of July 2025

Location, Location, Location! Don't miss out on this rare opportunity to get into the Button Factory. Experience modern loft living at its finest in this stunning 2-bedroom, 2-bathroom rental in the heart of Newark's desirable Ironbound District located in an elevator accessible building. This authentic modern SOHO-style loft features soaring visible ductwork 12-foot high ceilings, exposed brick walls, oversized windows, and sleek bamboo floors that create a bright, open, and inviting atmosphere. The spacious layout includes a modern kitchen with stainless steel appliances, quartz countertops, pot filler sink, and ample cabinetry, perfect for cooking and entertaining. Both bedrooms are generously sized, with the primary bedroom offering a private en-suite bath with modern finishes. Additional highlights include in-unit washer and dryer, central air conditioning and heating, private courtyard access, and optional parking in the adjacent lot. Conveniently located two blocks from Newark Penn Station, this home is close to downtown Newark, Prudential Center, NJPAC, Red Bulls Stadium, and minutes by car or train to Newark Liberty International Airport. You'll also be within reach of the vibrant Ferry Street corridor, filled with renowned restaurants, cafes, shopping, and cultural attractions. With its perfect blend of industrial charm and contemporary comfort, this move-in-ready loft is ideal for anyone seeking a dynamic urban lifestyle. Pets allowed with restrictions

Last Agent to Rent the Property

Lindsey Armour

Alexander Anderson Real Estate Group Listed on: 06/30/2025

Last Renter's Agent

Lindsey Armour

Alexander Anderson Real Estate Group Listed on: 06/30/2025

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,749

Year Built

  • 2010

Kitchen

  • Gas Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Washer and Dryer

Utilities

  • Cooling System Powered By Gas
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • Pets allowed on a case-by-case basis

Condo Details

Home Type

Condominium

Est. Annual Taxes

$9,749

Year Built

2010

Lot Details

0

Listing Details

  • Property Type: Residential Lease
  • PropertySubType: Condominium
  • ResoLaundryFeatures: In Unit
  • View Type:Pond View: None
  • NAV29_Unit_1_Appliances: Dishwasher, Microwave, Ov/Rang/Gs, Refrigerator, Washer/Dryer, Water
  • Reso Association Amenities: Elevator(s)
  • Reso Pets Allowed: Pets Conditional
  • Co List Office Phone: 201-343-6640
  • MLS Status: Leased - Leased
  • Directions: Take Route 21 or McCarter Highway into Newark, then turn onto NJ Railroad Avenue. Number 61 is near the intersection with Market Street, close to Newa
  • Year Built Details: 2010's
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built (Public Record): 2010

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Primary Bathroom: Yes

Exterior Features

  • Disclosures: Seller's Agent

Garage/Parking

  • Parking Features: See Remarks

Utilities

  • Cooling: Gas
  • Heating: Natural Gas, Hot Air

Lot Info

  • Lot: 40

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 29, 2024
Sold by
Sanders Lisa C
Bought by
Marshall Melissa Lorraine and Marshall Leighton Anthony
Current Estimated Value
$618,028

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,750
Outstanding Balance
$412,673
Interest Rate
6.11%
Mortgage Type
New Conventional
Estimated Equity
$164,462
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Marshall Melissa Lorraine $581,000 Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marshall Melissa Lorraine $435,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2025 07/08/25 Rented -- -- --
07/03/2025 07/03/25 Price Changed $3,450 -6.8% --
06/30/2025 06/30/25 For Rent $3,700 -- --
Source: New Jersey MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,749 $261,500 $40,000 $221,500
2024 $9,749 $261,500 $40,000 $221,500
2022 $9,770 $261,500 $40,000 $221,500
2021 $9,764 $261,500 $40,000 $221,500
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: New Jersey MLS

MLS Number: 25022882

New Jersey MLS

APN: 14-00195-0000-00040-0000-C1311