Residential Income Property with
New
For Sale
$305,000
770 Anderson Ave 20F, Cliffside Park, NJ 07010
One-bedroom residence with deeded parking and access to extensive building amenities.
Property Size781 SF
Price / SF$390.52
Days on Market3
Property Features for 770 Anderson Ave 20F
General Information
Standard status
Active
Size
781 SF
Total Parking Spaces
1
Property subtype
Commercial
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
24-hour doorman and concierge
outdoor pool
fitness center
sauna
hot tub
tennis and pickleball courts
community room
dog park
Listing Agency:
RE/MAX SELECT
(201) 891-6307
Listed By:
MAYRA CUADROS · License #784172
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 9 at 10:07AM
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 RE/MAX SELECT
Investment Insights
Based on property information with market context.
This 781-square-foot, one-bedroom, one-bath residence is located at 770 Anderson Ave 20F in Cliffside Park. The home has east-facing exposure, NYC skyline views, and access to a deeded parking space. Cosmetic updates can personalize the interior.
Building amenities include a 24-hour doorman and concierge, outdoor pool, fitness center, sauna, hot tub, tennis and pickleball courts, community room, and dog park. The monthly HOA includes electricity, gas, heat, hot water, water, air conditioning, and access to many building amenities.
The property has a Walk Score of 90, a Transit Score of 51, and a Bike Score of 50. The location is described as minutes from NYC transportation, shopping, dining, parks, and schools.
Building amenities include a 24-hour doorman and concierge, outdoor pool, fitness center, sauna, hot tub, tennis and pickleball courts, community room, and dog park. The monthly HOA includes electricity, gas, heat, hot water, water, air conditioning, and access to many building amenities.
The property has a Walk Score of 90, a Transit Score of 51, and a Bike Score of 50. The location is described as minutes from NYC transportation, shopping, dining, parks, and schools.
Key Highlights
- 781 sq. ft. one‑bedroom, one‑bath residence
- Deeded parking space included
- East‑facing exposure with NYC skyline views and sunrises
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
$12,010
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
3.94%
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%
$240,200
$240.2K
Cap Rate 7%
$171,571
$171.6K
Cap Rate 9%
$133,444
$133.4K
Market Conditions
NOI Build-Up for 781 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
$23.4K $30.00/SF
− Vacancy
−$1.6K −$2.04/SF
EGI
$21.8K $27.96/SF
− OpEx
−$9.8K −$12.58/SF
NOI
$12.0K $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%
$240,200
Cap Rate 7%
$171,571
Cap Rate 9%
$133,444
Alternative Uses
Best Use
Apartment 5plus
$171.6K
$150.1K – $200.2K
NOI $12,010 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$203.9K
$178.4K – $237.9K
NOI $14,275 @ 7.0% cap · market cap 4.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,283
Businesses Nearby
Explore this area
Business Placement
Demographics for 07010, NJ
25,721
Population
11,223
Households
2.3
Avg Household Size
42
Median Age
42%
College-Educated
86%
High-School Grad
1.0 sq mi
ZIP Area
25,721
Density / Sq Mi
$94,960
Median Household Income
$55,625
Median Earnings
$1,783
Median Rent
$577,200
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom residence with deeded parking and access to extensive building amenities.
Where is this residential income property located?
The property is located at 770 Anderson Ave 20F Cliffside Park, NJ.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: 781 sq. ft. one‑bedroom, one‑bath residence; Deeded parking space included; East‑facing exposure with NYC skyline views and sunrises
