59 FAIRMOUNT RD

New Providence, NJ

$1,187,000

Residential

Property Type

Tax Assessment Analysis

Sale Price

$1,187,000

Total Assessed

$299,800

Sale vs. Assessed

+$887,200 (+295.9%)

Land Value

$105,200

Building Value

$194,600

New Providence Market Overview

$999,000

Median Price

123

Total Sales

+0.0%

Year over Year

Active

Market Type

📊 Investment Analysis

$8,309

Est. Monthly Rent

$8,998

Est. Mortgage

7.4% · 20% down

-$689

Monthly Cash Flow

8.4%

Cap Rate

-3.5%

Cash-on-Cash Return

Estimates based on 0.7% rent rule, 7.4% interest rate, 20% down payment. For illustrative purposes only.

🏘 New Providence Neighborhood Guide

Walk Score

Car-Dependent

Min to NYC

With transfer

New Providence Station

Train Station

Gladstone Branch

Neighborhoods in New Providence

Murray Hill Area $700,000 to $1,100,000

Best for: Corporate professionals, families

Downtown / Station Area $600,000 to $850,000

Best for: Commuters

South Street Area $550,000 to $750,000

Best for: Value seekers, first-time buyers

New Providence is one of Union County's best-kept secrets — a 3.6 square mile borough with top-rated schools, its own NJ Transit station on the Gladstone Branch, and a quiet small-town character that larger neighbors can't replicate. The Murray Hill corporate corridor (Bell Labs legacy) provides loc...

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