CAP RATE IN ESSEX COUNTY NJ

[Gilbert Ross Jr]

I am looking for the average cap rate for Essex County. If someone has worked in this area please let me know. If anyone has an idea of where to get that information I would appreciate that as well.

Thank you

Gilbert Ross

[Doug O.]

County wide numbers are not going to be accurate due to the fact that there are such differences between the towns...ie, you're going to find higher cap rate in East Orange than you would in Montclair due to risk. Differences are substantial, too. You could be looking at a 10-12% cap in east orange versus a 4-5% cap in millburn. Really depends on where you are talking about.