Five-Level Duplex with Rooftop
New
For Sale
$2,398,950
1473 Anderson Avenue, Fort Lee, NJ 07024
A private elevator serves every floor, with an oversized two-car garage for additional convenience.
Property Size6,500 SF
Price / SF$369.07
Days on Market5
Property Features for 1473 Anderson Avenue
General Information
Standard status
Active
Size
6,500 SF
Total Parking Spaces
2
Elevators
Yes
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Amenities
rooftop terrace
Building Details
Stories
5
Listing Agency:
Corcoran Infinity Properties, Ridgewood
Listed By:
Richard Orlando
(551) 486-2065
Source:
Serhant
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 25 at 2:49AM
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 Corcoran Infinity Properties, Ridgewood
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Investment Insights
Based on property information with market context.
This 6,500-square-foot duplex is arranged across five finished levels, with five bedrooms, five full bathrooms, and a powder room. A private elevator connects each floor, and the property includes an oversized two-car garage. The rooftop terrace offers views of the New York City skyline and the Ramapo Mountains.
The property is minutes from the George Washington Bridge and Route 4, with express bus service to the Port Authority and access to the George Washington Bridge Bus Station and Washington Heights subway. Grocery stores, specialty markets, bakeries, and cafes are within walking distance; Main Street Fort Lee and Linwood Plaza offer dining and shopping nearby. The Edgewater waterfront and ferry service, Englewood Cliffs, Cliffside Park, and three regional airports are also identified as nearby destinations.
The property is minutes from the George Washington Bridge and Route 4, with express bus service to the Port Authority and access to the George Washington Bridge Bus Station and Washington Heights subway. Grocery stores, specialty markets, bakeries, and cafes are within walking distance; Main Street Fort Lee and Linwood Plaza offer dining and shopping nearby. The Edgewater waterfront and ferry service, Englewood Cliffs, Cliffside Park, and three regional airports are also identified as nearby destinations.
Key Highlights
- 6,500 square feet across five finished levels
- Five bedrooms, five full bathrooms, and one powder room
- Private elevator serves every level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,785
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,175,700
$2.2M
Cap Rate 7%
$1,554,071
$1.6M
Cap Rate 9%
$1,208,722
$1.2M
Market Conditions
NOI Build-Up for 6,500 SF
Gross rent
$166.1K $25.56/SF
− Vacancy
−$10.7K −$1.65/SF
EGI
$155.4K $23.91/SF
− OpEx
−$46.6K −$7.17/SF
NOI
$108.8K $16.74/SF
Area
Bergen 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 Rate 5%
$2,175,700
Cap Rate 7%
$1,554,071
Cap Rate 9%
$1,208,722
Alternative Uses
Best Use
Multifamily LT 5
$1.55M
$1.36M – $1.81M
NOI $108,785 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$1.43M
$1.25M – $1.67M
NOI $99,957 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $118,810 @ 7.0% cap · market cap 4.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,653
Businesses Nearby
Explore this area
Business Placement
Demographics for 07024, NJ
40,171
Population
19,748
Households
2
Avg Household Size
46
Median Age
65%
College-Educated
95%
High-School Grad
2.5 sq mi
ZIP Area
16,068
Density / Sq Mi
$105,594
Median Household Income
$71,008
Median Earnings
$2,257
Median Rent
$422,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A private elevator serves every floor, with an oversized two-car garage for additional convenience.
Where is this duplex located?
The property is located at 1473 Anderson Avenue Fort Lee, NJ.
What is the asking price?
The asking price for this property is $2,398,950.
What are key features of this property?
This property features: 6,500 square feet across five finished levels; Five bedrooms, five full bathrooms, and one powder room; Private elevator serves every level
