Building Details

Year Built 1932

Listing Agency: Island Realty-Surf City Show Phone

Listed By: Kaitlyn Amanda Mooney · License #2439321 Show Phone

Source: Cummingsrealtors

Added: Oct 24 Changed: Oct 26 Last Checked: Oct 26 at 3:26PM

Report an Issue

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 Island Realty-Surf City

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 3,264-square-foot quadplex contains four apartments, each configured with two bedrooms and one bathroom. One unit received a full remodel in 2025. Recent work also includes exterior siding, the front roof, replacement windows, two garage doors with openers, landscaping, and driveway improvements.

At 163-165 Jefferson Street in Wood-Ridge, the property is minutes from Route 17 shopping, restaurants, MetLife Stadium, and NYC transportation.

Key Highlights

• Four apartments, each with two bedrooms and one bathroom
• 3,264‑square‑foot multifamily property
• One unit remodeled in 2025

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$54,627

Cap Rate

4.22%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,092,540 $1.1M

Cap Rate 7%

$780,386 $780.4K

Cap Rate 9%

$606,967 $607.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,264 SF

Gross rent

$83.4K $25.56/SF

− Vacancy

−$5.4K −$1.65/SF

EGI

$78.0K $23.91/SF

− OpEx

−$23.4K −$7.17/SF

NOI

$54.6K $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%

$1,092,540

Cap Rate 7%

$780,386

Cap Rate 9%

$606,967

Alternative Uses

Best Use

Multifamily LT 5

$780.4K

$682.8K – $910.5K (±1% cap)

NOI $54,627 @ 7.0% cap · market cap 4.22%

Second Best

Apartment 5plus

$717.1K

$627.4K – $836.6K (±1% cap)

NOI $50,194 @ 7.0% cap · market cap 3.88%

Theoretical Best

Office A

$852.3K

$745.8K – $994.4K (±1% cap)

NOI $59,661 @ 7.0% cap · market cap 4.61%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Lease Details

4

Residential units

Location Intelligence

Trade Area within ½ mile

1,035

Businesses Nearby

Explore this area Business Placement

Demographics for 07075, NJ

10,137

Population

3,888

Households

2.6

Avg Household Size

39

Median Age

54%

College-Educated

97%

High-School Grad

1.1 sq mi

ZIP Area

9,215

Density / Sq Mi

$131,412

Median Household Income

$72,607

Median Earnings

$1,886

Median Rent

$532,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Quadplex - Four two-bedroom apartments include a unit remodeled in 2025 and several recent exterior and site upgrades.

Where is this quadplex located?

The property is located at 163-165 JEFFERSON STREET Wood-Ridge, NJ.

What is the asking price?

The asking price for this property is $1,295,000.

What are key features of this property?

This property features: Four apartments, each with two bedrooms and one bathroom; 3,264‑square‑foot multifamily property; One unit remodeled in 2025