Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1040 Mcbride Ave, Unit 4 Woodland Park, NJ 07424

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,900 /Mo

    Second floor, one-bedroom apartment near shops, schools, and transportation.

    Lot size:
    0.15 Acres

    Property Features for 1040 Mcbride Ave

    General Information

    Property type
    Multi Family
    Standard status
    Active
    Lot size
    0.15 Acres

    Building Details

    Year built
    1945

    We can help!

    Listing Contact
    Faith Salviano
    Source: Elliman

    Listing Agency: PLATINUM REAL ESTATE SOLUTIONS Listing Agent: Faith Salviano

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    One Bedroom Apartment For Rent

    This is a freshly painted one-bedroom apartment located on the second floor. The unit features a large kitchen and is conveniently situated close to shopping, schools, and transportation.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Woodland Park
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.2057
    Latitude
    40.8835

    Nearby Similar for Lease

    • New
      $599 /Mo
      33,541 SF

      Move-in Ready Private Office Suite

      Private office suite with all inclusive amenities, convenient location.
      365 Rifle Camp Rd, Woodland Park, NJ 07424
      View Details
    • $1,500 /Mo
      1,472 SF

      Woodland Park Office Space Available

      Second floor office space for rent in Woodland Park.
      948 Mcbride Ave, Woodland Park, NJ 07424
      View Details
    • $2,900 /Mo

      Spacious Office Space Available

      Light-filled office space with reception, conference room, and kitchen.
      300 Lackawanna Ave, Woodland Park, NJ 07424
      View Details
    • $1,350 /Mo

      Storefront in Busy Area

      288 Sq Ft storefront in a busy location.
      606 Mcbride Ave, Woodland Park, NJ 07424
      View Details
    • Contact for pricing
      7,062 SF

      Retail Space in West Falls

      90,945 SF retail property near Willowbrook Mall.
      1730 Us-46, Woodland Park, NJ
      View Details
    • Contact for pricing
      15,490 SF

      Retail Space on Route 46

      Retail space available in Woodland Park, New Jersey.
      1156-1530 Us-46, Woodland Park, NJ
      View Details
    • Contact for pricing
      30,535 SF

      Plaza 46 Retail Space Available

      Woodland Park, NJ Retail Opportunity
      1650 Rte 46, Woodland Park, NJ 07424
      View Details
    • Contact for pricing
      2,000 SF

      Woodland Park Office Space Available

      Office space for lease in Woodland Park, New Jersey.
      1 Garret Mtn Plz, Woodland Park, NJ
      View Details

    FAQs

    What type of property is this?
    Apartment building - Second floor, one-bedroom apartment near shops, schools, and transportation.
    Where is this apartment building located?
    The property is located at 1040 Mcbride Ave, Unit 4 Woodland Park, NJ.
    What is the lease rate?
    The lease rate is $1,900 /Mo.
    What are key features of this property?
    This property features: - Freshly painted.; - Large kitchen.; - Close to transportation.
    (973) 837-8510
    Request Owner's contact information
    1040 Mcbride Ave, Unit 4 Woodland Park, NJ 07424
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1040 Mcbride Ave, Unit 4
    Woodland Park, NJ 07424
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1040 Mcbride Ave, Unit 4 Woodland Park, NJ 07424
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Faith Salviano
    (973) 837-8510
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!