Duplex Property with Studio
For Sale
$675,000
Pending
207 Cliff Street, Cliffside Park, NJ 07010
Two-unit layout includes a studio and a two-bedroom residence.
Property Size1,185 SF
Days on Market152
Property Features for 207 Cliff Street
General Information
Standard status
Pending
Size
1,185 SF
Property subtype
Multi Family
Units
Unit Mix
1 x studio, 1 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,829
Amenities
2
3
Building Details
Year Built
1917
Listing Agency:
Compass
(917) 892-8977
Listed By:
Soha Fontaine · License #0342282
(917) 892-8977
Source:
Compass
Added: Apr 1
Changed: Aug 29
Last Checked: Aug 29 at 3:44PM
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 Compass
Investment Insights
Based on property information with market context.
This two-family residential property contains two separate units with distinct configurations. One is a studio with a private bathroom, while the other is a duplex residence featuring two bedrooms, an eat-in kitchen, and flexible living space. The arrangement provides separate accommodations within one building and supports both residential occupancy and rental use.
A basement with independent side-yard access adds functional space for laundry and storage. Built in 1917, the property is located at 207 Cliff Street in Cliffside Park, New Jersey. The surrounding community includes schools, parks, shopping, dining, and transportation options in the nearby area.
A basement with independent side-yard access adds functional space for laundry and storage. Built in 1917, the property is located at 207 Cliff Street in Cliffside Park, New Jersey. The surrounding community includes schools, parks, shopping, dining, and transportation options in the nearby area.
Key Highlights
- Two residential units with a studio and a two‑bedroom duplex
- Studio unit includes a private bathroom
- Duplex residence features an eat‑in kitchen and flexible living area
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
$19,832
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
2.94%
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%
$396,640
$396.6K
Cap Rate 7%
$283,314
$283.3K
Cap Rate 9%
$220,356
$220.4K
Market Conditions
NOI Build-Up for 1,185 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
$30.3K $25.56/SF
− Vacancy
−$2.0K −$1.65/SF
EGI
$28.3K $23.91/SF
− OpEx
−$8.5K −$7.17/SF
NOI
$19.8K $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 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%
$396,640
Cap Rate 7%
$283,314
Cap Rate 9%
$220,356
Alternative Uses
Best Use
Multifamily LT 5
$283.3K
$247.9K – $330.5K
NOI $19,832 @ 7.0% cap · market cap 2.94%
Second Best
Apartment 5plus
$260.3K
$227.8K – $303.7K
NOI $18,223 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$309.4K
$270.8K – $361.0K
NOI $21,660 @ 7.0% cap · market cap 3.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,042
Businesses Nearby
Explore this area
Business Placement
Demographics for 07010, NJ
25,721
Population
11,223
Households
2.3
Avg Household Size
42
Median Age
42%
College-Educated
86%
High-School Grad
1.0 sq mi
ZIP Area
25,721
Density / Sq Mi
$94,960
Median Household Income
$55,625
Median Earnings
$1,783
Median Rent
$577,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit layout includes a studio and a two-bedroom residence.
Where is this duplex located?
The property is located at 207 Cliff Street Cliffside Park, NJ.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two residential units with a studio and a two‑bedroom duplex; Studio unit includes a private bathroom; Duplex residence features an eat‑in kitchen and flexible living area
