Updated Residential Income
For Sale
$410,000
1047 Cambridge Ct 1047, Mahwah, NJ 07430
One-bedroom condominium with finished lower-level space, private patio, assigned parking, and access to community amenities.
Property Size1,467 SF
Price / SF$279.48
Days on Market53
Property Features for 1047 Cambridge Ct 1047
General Information
Standard status
Active
Size
1,467 SF
Total Parking Spaces
1
Property subtype
Commercial
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,900
Amenities
community pool
clubhouse
in-unit washer and dryer
Listing Agency:
TERRIE OCONNOR
(201) 522-5707
Listed By:
Ann Marie DiLonardo · License #10401218939
(201) 522-5707
Source:
Elliman
Added: Jul 10
Changed: Aug 30
Last Checked: Aug 30 at 10:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TERRIE OCONNOR
Investment Insights
Based on property information with market context.
This residential income property is a 1-bedroom, 1-bath condominium with approximately 1,467 square feet of finished living space. The layout includes hardwood flooring, a gas fireplace, and living-room access to a private patio. The kitchen has been renovated with granite countertops, stainless steel appliances, and a coffee bar. A walk-in closet serves the bedroom, while the bathroom includes an updated vanity and tiled tub and shower.
The finished lower level adds flexible space with luxury vinyl flooring and new carpeting on the stairs. Additional features include an in-unit washer and dryer and one assigned outdoor parking space. Residents have access to a community pool and clubhouse. The property is near New York and New Jersey highways, shopping, dining, and public transportation. Walk Score is 17 and bikeScore is 22.
The finished lower level adds flexible space with luxury vinyl flooring and new carpeting on the stairs. Additional features include an in-unit washer and dryer and one assigned outdoor parking space. Residents have access to a community pool and clubhouse. The property is near New York and New Jersey highways, shopping, dining, and public transportation. Walk Score is 17 and bikeScore is 22.
Key Highlights
- Approximately 1,467 square feet of finished living space
- 1‑bedroom, 1‑bath condominium with a finished lower level
- Renovated kitchen with granite countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,560
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$451,200
$451.2K
Cap Rate 7%
$322,286
$322.3K
Cap Rate 9%
$250,667
$250.7K
Market Conditions
NOI Build-Up for 1,467 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$44.0K $30.00/SF
− Vacancy
−$3.0K −$2.04/SF
EGI
$41.0K $27.96/SF
− OpEx
−$18.5K −$12.58/SF
NOI
$22.6K $15.38/SF
Area
Bergen County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$451,200
Cap Rate 7%
$322,286
Cap Rate 9%
$250,667
Alternative Uses
Best Use
Apartment 5plus
$322.3K
$282.0K – $376.0K
NOI $22,560 @ 7.0% cap · market cap 5.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$383.1K
$335.2K – $446.9K
NOI $26,814 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
Explore this area
Business Placement
Demographics for 07430, NJ
25,487
Population
10,058
Households
2.5
Avg Household Size
45
Median Age
60%
College-Educated
96%
High-School Grad
25.4 sq mi
ZIP Area
1,003
Density / Sq Mi
$128,125
Median Household Income
$59,767
Median Earnings
$2,301
Median Rent
$590,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom condominium with finished lower-level space, private patio, assigned parking, and access to community amenities.
Where is this residential income property located?
The property is located at 1047 Cambridge Ct 1047 Mahwah, NJ.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Approximately 1,467 square feet of finished living space; 1‑bedroom, 1‑bath condominium with a finished lower level; Renovated kitchen with granite countertops and stainless steel appliances
