3-Unit Mid-Rise Multifamily
For Sale
$999,999
6813 Park Ave, Guttenberg, NJ 07093
Historic 3-unit mid-rise built in 1900 and renovated in 2010, offered with 100% occupancy opportunity.
Property Size4,088 SF
Price / SF$244.62
Days on Market193
Property Features for 6813 Park Ave
General Information
Standard status
Active
Size
4,088 SF
Property subtype
MultiFamily Apartments
Zoning
C
Occupancy
100%
Additional Details
Multifamily Units
3
Building Details
Building Size
4,088 SF
Year Built
1900
Year Renovated
2010
Tenancy
Multi
Listing Agency:
Keller Williams City Views Realty
(201) 315-1223
Listed By:
Bruce Elia
(201) 315-1223
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 10
Last Checked: Jul 23 at 5:34PM
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 Keller Williams City Views Realty
Investment Insights
Based on property information with market context.
The property at 6813 Park Ave is a historic 3-unit mid-rise multifamily building containing 4,088 square feet. Built in 1900 and renovated in 2010, it is currently presented as a maintained income-producing asset. The offering is described as having 100% occupancy opportunity.
The building is zoned for commercial use (C zoning). It is located in Guttenberg, in Northern New Jersey.
As a three-unit structure, the property offers a straightforward residential income configuration with established improvements from the 2010 renovation.
The building is zoned for commercial use (C zoning). It is located in Guttenberg, in Northern New Jersey.
As a three-unit structure, the property offers a straightforward residential income configuration with established improvements from the 2010 renovation.
Key Highlights
- 3‑unit mid‑rise multifamily property totaling 4,088 SF
- Built in 1900; renovated in 2010
- Zoned C for commercial use
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
$68,417
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
6.84%
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%
$1,368,340
$1.4M
Cap Rate 7%
$977,386
$977.4K
Cap Rate 9%
$760,189
$760.2K
Market Conditions
NOI Build-Up for 4,088 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
$104.5K $25.56/SF
− Vacancy
−$6.8K −$1.65/SF
EGI
$97.7K $23.91/SF
− OpEx
−$29.3K −$7.17/SF
NOI
$68.4K $16.74/SF
Area
Hudson County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
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%
$1,368,340
Cap Rate 7%
$977,386
Cap Rate 9%
$760,189
Alternative Uses
Best Use
Multifamily LT 5
$977.4K
$855.2K – $1.14M
NOI $68,417 @ 7.0% cap · market cap 6.84%
Second Best
Apartment 5plus
$898.1K
$785.8K – $1.05M
NOI $62,865 @ 7.0% cap · market cap 6.29%
Theoretical Best
Warehouse
$1.48M
$1.30M – $1.73M
NOI $103,621 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,041
Businesses Nearby
Explore this area
Business Placement
Demographics for 07093, NJ
64,929
Population
27,451
Households
2.4
Avg Household Size
37
Median Age
35%
College-Educated
78%
High-School Grad
1.2 sq mi
ZIP Area
54,108
Density / Sq Mi
$70,389
Median Household Income
$37,229
Median Earnings
$1,619
Median Rent
$390,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Historic 3-unit mid-rise built in 1900 and renovated in 2010, offered with 100% occupancy opportunity.
Where is this triplex located?
The property is located at 6813 Park Ave Guttenberg, NJ.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 3‑unit mid‑rise multifamily property totaling 4,088 SF; Built in 1900; renovated in 2010; Zoned C for commercial use
