Renovated One-Bedroom
21 Franklin Ave # 2l, Harrison, NJ 07029
For Sale
New
Contact for pricing
Thirteen windows bring natural light into the apartment, with bus service and the Harrison PATH train nearby.
Property Size790 SF
Price / SF$2.34
Days on Market3
Property Features for 21 Franklin Ave # 2l
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Amenities
Unfinished
Gas-Natural
1
City/Town Street
Corner
Public Water
33X95
0.07
Building Details
Year Built
Listing Agency:
KELLER WILLIAMS PARK VIEWS
(551) 239-8040
Listed By:
Reisha Baker
Source:
Skyrealtyintl
Added: Nov 8
Changed: Nov 9
Last Checked: Nov 9 at 10:06AM
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 KELLER WILLIAMS PARK VIEWS
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Investment Insights
Based on property information with market context.
This renovated one-bedroom, one-bathroom apartment contains 790 square feet and features 13 windows. The building dates to 1939.
West Hudson Park, shopping, dining, and houses of worship are a short distance away. Bus transportation and the Harrison PATH train are also nearby, with access to New York City.
West Hudson Park, shopping, dining, and houses of worship are a short distance away. Bus transportation and the Harrison PATH train are also nearby, with access to New York City.
Key Highlights
- Renovated apartment with 1 bedroom and 1 bathroom
- 790 square feet of living space
- 13 windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,149
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,980
$243.0K
Cap Rate 7%
$173,557
$173.6K
Cap Rate 9%
$134,989
$135.0K
Market Conditions
NOI Build-Up for 790 SF
Gross rent
$23.7K $30.00/SF
− Vacancy
−$1.6K −$2.04/SF
EGI
$22.1K $27.96/SF
− OpEx
−$9.9K −$12.58/SF
NOI
$12.1K $15.38/SF
Area
Hudson County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,980
Cap Rate 7%
$173,557
Cap Rate 9%
$134,989
Alternative Uses
Best Use
Apartment 5plus
$173.6K
$151.9K – $202.5K
NOI $12,149 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$286.1K
$250.3K – $333.8K
NOI $20,025 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,093
Businesses Nearby
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Business Placement
Demographics for 07029, NJ
22,044
Population
10,485
Households
2.1
Avg Household Size
33
Median Age
47%
College-Educated
87%
High-School Grad
1.3 sq mi
ZIP Area
16,957
Density / Sq Mi
$80,495
Median Household Income
$52,097
Median Earnings
$2,036
Median Rent
$433,100
Median Home Value
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Market
Properties on Market for Residential income properties in Harrison
Frequently Asked Questions
What type of property is this?
Residential income property - Thirteen windows bring natural light into the apartment, with bus service and the Harrison PATH train nearby.
Where is this residential income property located?
The property is located at 21 Franklin Ave # 2l Harrison, NJ.
What are key features of this property?
This property features: Renovated apartment with 1 bedroom and 1 bathroom; 790 square feet of living space; 13 windows
