Updated Two-Unit
166 Crescent Ave, Waldwick, NJ 07463
For Sale
$875,000
Separate utility services, central air conditioning, and unit-specific laundry support the building’s two-apartment configuration.
Property Size2,508 SF
Price / SF$348.88
Days on Market51
Property Features for 166 Crescent Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Amenities
Carpeting
See Remarks
Wood Floors
Outbuilding(s)
Patio
Storm Door(s)
Thermal Windows/Doors
Building Details
Building Size
Units
Listing Agency:
Genesis Associates, Inc
(201) 444-3333
Listed By:
Andrew Denully
Source:
Arcadiarealtors
Added: Sep 20
Changed: Nov 8
Last Checked: Nov 8 at 8:50AM
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 Genesis Associates, Inc
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Investment Insights
Based on property information with market context.
This 2,508-square-foot duplex contains two apartments. The first-floor unit has two bedrooms, a large kitchen with stainless steel appliances, quartz counters and a breakfast bar, plus a dining area and a 19-by-19-foot living room. Hardwood flooring, recessed lighting, vinyl windows, central air conditioning, and updated full and half baths are among its features. The second-floor apartment has four rooms, two bedrooms, an updated kitchen, vinyl windows, central air conditioning, and its own laundry. Appliances in both units are 5 years old; the boilers are 1 and 3 years old.
The property at 166 Crescent Ave in Waldwick is near shopping, schools, parks, and NYC transit. A deep backyard, substantial off-street parking, and an approximately 36-foot storage shed are also on site.
Gas, electricity, heat, central air conditioning, and laundry are separately provided by unit. The first-floor apartment may be occupied or leased, while the upstairs unit offers a separate two-bedroom layout.
The property at 166 Crescent Ave in Waldwick is near shopping, schools, parks, and NYC transit. A deep backyard, substantial off-street parking, and an approximately 36-foot storage shed are also on site.
Gas, electricity, heat, central air conditioning, and laundry are separately provided by unit. The first-floor apartment may be occupied or leased, while the upstairs unit offers a separate two-bedroom layout.
Key Highlights
- 2,508 square feet with two apartments, including two‑bedroom units on both floors
- First‑floor living room measures 19x19 feet; primary bedroom measures 15x19 feet
- Separate gas, electric, heat, central air conditioning, and laundry for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,974
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$839,480
$839.5K
Cap Rate 7%
$599,629
$599.6K
Cap Rate 9%
$466,378
$466.4K
Market Conditions
NOI Build-Up for 2,508 SF
Gross rent
$64.1K $25.56/SF
− Vacancy
−$4.1K −$1.65/SF
EGI
$60.0K $23.91/SF
− OpEx
−$18.0K −$7.17/SF
NOI
$42.0K $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%
$839,480
Cap Rate 7%
$599,629
Cap Rate 9%
$466,378
Alternative Uses
Best Use
Multifamily LT 5
$599.6K
$524.7K – $699.6K
NOI $41,974 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$551.0K
$482.1K – $642.8K
NOI $38,568 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$654.9K
$573.0K – $764.0K
NOI $45,842 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
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Business Placement
Demographics for 07463, NJ
10,058
Population
3,486
Households
2.9
Avg Household Size
41
Median Age
57%
College-Educated
96%
High-School Grad
2.0 sq mi
ZIP Area
5,029
Density / Sq Mi
$155,526
Median Household Income
$74,468
Median Earnings
$3,189
Median Rent
$576,200
Median Home Value
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Market
Properties on Market for Duplexes in Bergen County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utility services, central air conditioning, and unit-specific laundry support the building’s two-apartment configuration.
Where is this duplex located?
The property is located at 166 Crescent Ave Waldwick, NJ.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 2,508 square feet with two apartments, including two‑bedroom units on both floors; First‑floor living room measures 19x19 feet; primary bedroom measures 15x19 feet; Separate gas, electric, heat, central air conditioning, and laundry for each unit
