16 Roosevelt Ave Dumont, NJ 07628
Eight-unit apartment complex in a desirable Dumont neighborhood.
- Added:
- Mar 10, 2026
- Days on Market:
- 124
- Last Refresh:
- Jul 5 at 11:54 am
Property Features for 16 Roosevelt Ave
General Information
- Standard status
- Active
- Size
- 6,089 SF
- Lot size
- 0.14 Acres
- Property subtype
- Commercial
Listing office HOWARD HANNA RAND REALTY (973) 694-6500
Listing date Mar 10, 2026
Source Corcoran
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 HOWARD HANNA RAND REALTY
Investment Insights
Based on property information with market context.
Key Highlights
- Strong rental income potential from an 8‑unit apartment complex.
- Desirable residential neighborhood in the heart of Dumont.
- Appealing unit mix: six 2‑bedroom units and two 3‑bedroom units.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $182.7k | $30.00 |
| − Vacancy | −$12.4k | −$2.04 |
| EGI | $170.2k | $27.96 |
| − OpEx | −$76.6k | −$12.58 |
| NOI | $93.6k | $15.38 |
