First-Floor Condo with Private
1118 Wharton Ct Riverdale, NJ 07457
For Sale
$355,000
First-floor Chestnut model with an open layout, in-unit laundry, updated bath, and a private patio/balcony near amenities.
Property Size762 SF
Price / SF$465.88
Days on Market41
Property Features for 1118 Wharton Ct
General Information
- Standard status
- Active
- Size
- 762 SF
- Property subtype
- Commercial
Listing Agency:
Listed By:
ALLISON VITELLA
Source:
Elliman
Added: Jun 14
Changed: Jul 23
Last Checked: Jul 23 at 11:38AM
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 ALLISON VITELLA
Investment Insights
Based on property information with market context.
This first-floor Chestnut model features an open-concept living and dining room combination, designed for both everyday living and entertaining. The kitchen includes upgraded cabinetry, a breakfast bar, and a convenient pantry/coat closet. The primary bedroom suite offers a walk-in closet with custom built-ins, and the home includes a modern updated bathroom.
Additional highlights include in-unit laundry with storage, high ceilings, recessed lighting, and large windows for abundant natural light. A new air conditioning and heating unit is noted for 2026 comfort, and the residence opens to a private patio/balcony.
Set within The Grande at Riverdale, the home is steps from the clubhouse and recreation areas, including the gym, billiards, and pool area. Community amenities also include two clubhouses, two pools, two fitness centers, party and meeting rooms, basketball courts, and tennis courts, with access to shopping, dining, major highways, and NJ Transit bus and train service.
Additional highlights include in-unit laundry with storage, high ceilings, recessed lighting, and large windows for abundant natural light. A new air conditioning and heating unit is noted for 2026 comfort, and the residence opens to a private patio/balcony.
Set within The Grande at Riverdale, the home is steps from the clubhouse and recreation areas, including the gym, billiards, and pool area. Community amenities also include two clubhouses, two pools, two fitness centers, party and meeting rooms, basketball courts, and tennis courts, with access to shopping, dining, major highways, and NJ Transit bus and train service.
Key Highlights
- First‑floor Chestnut model with 762 SF of living space
- Open‑concept living and dining room with abundant natural light and large windows
- Updated bathroom plus walk‑in closet with custom built‑ins in the primary bedroom suite
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.9k | $30.00 |
| − Vacancy | −$1.6k | −$2.04 |
| EGI | $21.3k | $27.96 |
| − OpEx | −$9.6k | −$12.58 |
| NOI | $11.7k | $15.38 |
762 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$167.4K
$146.5K – $195.3K
NOI $11,718 @ 7.0% cap · market cap 3.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$199.0K
$174.1K – $232.1K
NOI $13,928 @ 7.0% cap · market cap 3.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Residential income properties
FAQs
What type of property is this?
Residential income property - First-floor Chestnut model with an open layout, in-unit laundry, updated bath, and a private patio/balcony near amenities.
Where is this residential income property located?
The property is located at 1118 Wharton Ct Riverdale, NJ.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: First‑floor Chestnut model with 762 SF of living space; Open‑concept living and dining room with abundant natural light and large windows; Updated bathroom plus walk‑in closet with custom built‑ins in the primary bedroom suite
