Two-Level Duplex with Finished
For Sale
$615,000
Pending
1454 45th St, North Bergen, NJ 07047
Two residential floors provide matching two-bedroom, one-bath layouts, with a bonus room upstairs.
Property Size1,806 SF
Days on Market128
Property Features for 1454 45th St
General Information
Standard status
Pending
Size
1,806 SF
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Building Details
Buildings
1
Stories
2
Construction
brick
Listing Agency:
EXP REALTY LLC
(917) 623-2832
Listed By:
VERONICA HERNANDEZ · License #1756884
(917) 623-2832
Source:
Exprealty
Added: Apr 6
Changed: Aug 9
Last Checked: Aug 10 at 10:16AM
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
This brick duplex contains approximately 1,806 square feet across two levels. Each floor includes two bedrooms, one full bathroom, and a living area. The upper level also has a bonus room that can serve as a home office. The first-floor interior needs TLC, and the property is offered strictly as-is.
A full finished basement provides additional space and connects directly to the backyard. Parking accommodates 3 or more cars. Located at 1454 45th St in North Bergen, the property is near public transportation and offers access to NYC.
A full finished basement provides additional space and connects directly to the backyard. Parking accommodates 3 or more cars. Located at 1454 45th St in North Bergen, the property is near public transportation and offers access to NYC.
Key Highlights
- Approximately 1,806 sq ft across two levels
- Two bedrooms and one full bathroom on each floor
- Upper‑level bonus room suitable for a home office
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
$30,226
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
4.91%
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%
$604,520
$604.5K
Cap Rate 7%
$431,800
$431.8K
Cap Rate 9%
$335,844
$335.8K
Market Conditions
NOI Build-Up for 1,806 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
$46.2K $25.56/SF
− Vacancy
−$3.0K −$1.65/SF
EGI
$43.2K $23.91/SF
− OpEx
−$13.0K −$7.17/SF
NOI
$30.2K $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%
$604,520
Cap Rate 7%
$431,800
Cap Rate 9%
$335,844
Alternative Uses
Best Use
Multifamily LT 5
$431.8K
$377.8K – $503.8K
NOI $30,226 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$396.8K
$347.2K – $462.9K
NOI $27,773 @ 7.0% cap · market cap 4.52%
Theoretical Best
Warehouse
$654.0K
$572.2K – $763.0K
NOI $45,778 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,106
Businesses Nearby
Explore this area
Business Placement
Demographics for 07047, NJ
63,361
Population
25,024
Households
2.5
Avg Household Size
39
Median Age
32%
College-Educated
83%
High-School Grad
5.1 sq mi
ZIP Area
12,424
Density / Sq Mi
$75,505
Median Household Income
$43,150
Median Earnings
$1,702
Median Rent
$466,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential floors provide matching two-bedroom, one-bath layouts, with a bonus room upstairs.
Where is this duplex located?
The property is located at 1454 45th St North Bergen, NJ.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Approximately 1,806 sq ft across two levels; Two bedrooms and one full bathroom on each floor; Upper‑level bonus room suitable for a home office
