40 E Park St #402, Newark, NJ 07102
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OFF MARKET
  • Studio
  • 1 Bath

40 E Park St #402, Newark, NJ 07102

Central Business District

Home Highlights

Apartment

Local Information

  • Map ViewExplore the area around 40 E Park St #402.
  • Schools1 Preschool School1 Elementary School1 Middle School7 High Schools
  • Shop & Eat
-- mins to
Commute Destination

About this House

Modern studio apartment with large kitchen island. Open door bedroom style with his and hers closets. Washer and dryer in the unit across the hall from the roof top lounge space.

Owner pays water. Tenant pays Gas. Electric and the realtors fee. Parking lots located across the street for additional. Work out equipment and ping pong in the shared basement space. Roof top fire pit and chairs to chill outside and see the view of NJPac.
40 E Park St #402, Newark, NJ 07102 is a studio, 1 bathroom apartment in Central Business District. More recently, it was listed as a rental in November 2024 with an asking price of $2,150 per month. That rental listing was removed on January 19, 2025. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate rent is $2,170/month.

Home Details for 40 E Park St #402

Interior Features

Heating & Cooling
Heating: Forced AirAir ConditioningCooling System: Central AirHeating Fuel: Forced Air
Appliances & Utilities
DishwasherDryerMicrowaveRefrigeratorWasher
Levels, Entrance, & Accessibility
Floors: Hardwood, Tile

Property Information

Property Type / Style
Property Type: Apartment

Rental Terms, Policies & Fees

Lease Term: 1 Year

Comparable Sales for 40 E Park St #402

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
58 Union St #201, Newark, NJ
0.50
Apartment
$2,200
10/20/25
2
1
-
81 Columbia St, Newark, NJ
0.56
Apartment
$650,000
05/06/26
2
1
650 sqft
58 Union St #602, Newark, NJ
0.50
Apartment
$2,700
03/16/26
2
1.5
-
58 Union St #202, Newark, NJ
0.50
Apartment
$2,200
10/20/25
2
1.5
-
215 William St #1, Harrison, NJ
0.81
Apartment
$25,200
10/17/25
2
1
1,000 sqft
42 Crawford St, Newark, NJ
0.93
Apartment
$510,000
10/06/25
1
1
-
422-424 William St, Harrison, NJ
0.98
Apartment
$1,050,000
12/23/25
2
1
2,770 sqft
419 N 2nd St, East Newark, NJ
0.98
Apartment
$599,000
11/13/25
3
1
10 sqft
246 Grant Ave #1, Harrison, NJ
1.03
Apartment
$2,700
01/02/26
3
1
-
46 Hudson St, Newark, NJ
1.09
Apartment
$528,750
06/23/26
2
1
750 sqft
Home facts updated by county records

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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Rental Market Trends in Central Business District

Last updated Sep 2026
Trulia Rent Estimate$2,170/mo
Average rent
$2.38K
$282MoM
Available listings
57
View rental market trends in Newark, NJ

Around this home

Neighborhood Overview

Central Business District
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Central Business District

At least 184 Trulia users voted on each feature.

  • 84 % Say there are sidewalks

  • 82 % Say it's walkable to grocery stores

  • 79 % Say it's walkable to restaurants

  • 76 % Say it's dog friendly

  • 68 % Say streets are well-lit

  • 55 % Say there's holiday spirit

  • 50 % Say car is needed

  • 48 % Say they plan to stay for at least 5 years

  • 46 % Say yards are well-kept

  • 44 % Say kids play outside

  • 44 % Say neighbors are friendly

  • 41 % Say there are community events

  • 41 % Say parking is easy

  • 40 % Say people would walk alone at night

  • 38 % Say it's quiet

  • 25 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Ryangsnyder
    "Path train is easy to get to at Newark Penn. it’s a brief walk to the station. I’ve taken the buses a few times. They are very timely to the minute. "
    0
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  • Nalleli Jerez
    "There are many families around. And many schools. They are good over all but you need to know your kid so you can use a school system that works for you. Many schools have cero tolerance policies but many kids do not do good on those environments. "
    0
    Flag
  • Nalleli Jerez
    "There is no a park for dogs but there is walking distance parks that people with dog can go to run and to play with their dogs. "
    0
    Flag
  • Martina Solej
    "Great commute with Path or NJ transit blocks away. If you live further you can get on the light rail to get to the trains for NYC."
    1
    Flag
  • Martina Solej
    "Very little activities and parks for children. Not kid friendly and no do parks. No where to sit outside and have a coffee."
    0
    Flag
  • Trulia User
    "It’s close to many businesses so it can be loud at times. Quiet and peaceful at night. It can be hot in the warmer weather."
    0
    Flag
  • Joslyn B. D.
    "I can walk to work but I drive and its about 5 minutes. Easy access to stores and restaurants. Great views. "
    0
    Flag
  • Joslyn B. D.
    "2 minute commute. Work and live downtown. Will walk when I learn the neighborhood better. Shortest commute ever. "
    1
    Flag
  • Juan P. J.
    "You see people walking their dogs all the time. Tons of restaurants to eat at and great arts and cultural center NJPAC and beautiful concert and sports arena Prudential Center"
    0
    Flag
  • Kareisha.questel
    "I first moved downtown with my dog who grew up in the suburbs so there was a bit of an adjustment when there was no grass along the sidewalks for him."
    1
    Flag
  • Lauren C.
    "My commute is luxurious, a 7 minute walk down the block. My favorite thing about living here. No need for a car if you live and work in Downtown Newark. "
    3
    Flag
  • Lauren C.
    "Awesome. I walk to work and there’s multiple coffee and food establishments en route. Whole Foods is a big plus!"
    2
    Flag
  • Marcusmaliah@gmail.com
    "I’ve lived hear for almost a year, it’s a luxury building for young professionals and older retirees. It’s dog friendly, and safe, but like anywhere be mindful of your surroundings."
    14
    Flag
  • Marcusmaliah@gmail.com
    "Their are dog owners in this neighborhood, they walk their dogs all times of night, it’s pretty safe but for me I wouldn’t I’m a female."
    1
    Flag
  • Ashley P.
    "Street festivals and other events downtown newark. Whole Foods, petco and new restaurants and summer events are great. "
    3
    Flag
  • Marcusmaliah@gmail.com
    "Theirs lots of events for kids at the local performing arts center, and near by prudential center. Their is also a Whole Foods in walking distance, and an urgent care station as well."
    2
    Flag
  • chappel.bill
    "I have lived in this neighborhood 35 years. Friendly neighbors.Dog friendly. Great library and museum. Great public transportation."
    10
    Flag
  • Paul R.
    "museum events, concerts, sports events, arts events, jazz nights, restaurant week, festivals, bars, cultural events, movie nights, cultural events."
    2
    Flag
  • Felsonj
    "Beautiful architecture; neighborhood in transition; good access to downtown and midtown NYC; great potential for additional development, both residential and commercial"
    8
    Flag
  • Stevescott517
    "Newark cbd? It will be like grove street soon enough. celebrity chefs, gourmet coffee, fancy wine, pet store, health clinic, whole foods, starbucks, tech jobs, finance jobs, the place is blowing up! "
    6
    Flag
  • Local_Professor
    "This area is at the heart of 4 Colleges/Universities (Rutgers, UMDNJ, NJIT, & Berkley College). Very diverse community because of the college kids and faculty living in the area. Patrolled by Newark's police department, Rutger's Police Department & NJIT police department at the same time 24/7. One block away from train station to NY and Newark path (Commute to NYC is about 15 min!) and 15 min drive to Newark International Airport. In the middle of the historic district surrounded by brownstone houses. Targeted by city officials, state planners, and national non-profits for urban renewal. Mayor Hospital (Saint Michale's) 2 blocks away. Blue ribbon school around the corner. Newark's Museum and public library 3 blocks away. Park with summer farm market at walking distance.Area is included in the Downtown district plans so it is reduced property tax and reduce commerce/sales tax. Community involvement is a plus in this area with a very active Neighborhood association with a focus on community development and historical preservation."
    11
    Flag

LGBTQ Local Legal Protections

Price and Tax history

DateEventPrice
Jan 19, 2025
Source: Zillow Rentals
ListingRemoved
$2,050
Dec 15, 2024
Source: Zillow Rentals
PriceChange
$2,050
Price decreased by 5%
Nov 26, 2024
Source: Zillow Rentals
Listed For Rent
$2,150

Frequently asked questions about 40 E Park St #402

  • Is Newark a buyer's or seller's market?
    Newark is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Newark?
    The median sale price in Newark is $479K. That is down $25.42K from the prior month.
  • What do residents say about the Central Business District neighborhood?
    Residents describe the Central Business District neighborhood in Newark, NJ as pedestrian-friendly, walkable to grocery stores, and walkable to restaurants. See recently sold homes in Central Business District, Newark.
  • What are the closest schools to 40 E Park St #402?
    The closest schools to 40 E Park St #402 in Newark, NJ are Barringer High School (rated 1/10), Central High School (rated 1/10), East Side High School (rated 2/10).
  • Does 40 E Park St #402 have air conditioning?
    Yes, 40 E Park St #402 in Newark, NJ has air conditioning.
  • Does 40 E Park St #402 have laundry facilities?
    Yes, 40 E Park St #402 in Newark, NJ has in-unit laundry.

Homes for rent near 40 E Park St #402

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Affordability

TIP:Try to keep your rent within a third of your gross household income. Learn why in our Renter's Guide.
For this property
PER YEAR
is the suggested income
Win over prospective landlords with your smart budgeting. As a good rule of thumb, ideally you would have at least three times your monthly rent in combined household income.
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