Two-Story Residential Income
For Sale
$835,000
34 Cottage Pl, Garfield, NJ 07026
The property includes a partially finished basement with walk-out access.
Property Size1,960 SF
Price / SF$426.02
Days on Market25
Property Features for 34 Cottage Pl
General Information
Standard status
Active
Size
1,960 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$12,520
Amenities
Baseboard, Natural Gas
Full, Partially Finished, Walk-Out Access
2-Two Story, Under/Over
Building Details
Building Size
1,960 SF
Year Built
1964
Stories
2
Listed By:
MICHAEL SHETLER
(201) 421-0506
Source:
Evrealestate
Added: Sep 22
Changed: Oct 7
Last Checked: Oct 14 at 10:32PM
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 MICHAEL SHETLER
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Investment Insights
Based on property information with market context.
Built in 1964, this two-story residential income property has an under-over configuration. Interior features include baseboard heating fueled by natural gas and a full basement that is partially finished with walk-out access.
The property is located at 34 Cottage Pl in Garfield City, New Jersey. Directions are via River Road to Cottage.
The property is located at 34 Cottage Pl in Garfield City, New Jersey. Directions are via River Road to Cottage.
Key Highlights
- Two‑story, under‑over configuration
- Built in 1964
- Baseboard heat with natural gas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,141
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,820
$602.8K
Cap Rate 7%
$430,586
$430.6K
Cap Rate 9%
$334,900
$334.9K
Market Conditions
NOI Build-Up for 1,960 SF
Gross rent
$58.8K $30.00/SF
− Vacancy
−$4.0K −$2.04/SF
EGI
$54.8K $27.96/SF
− OpEx
−$24.7K −$12.58/SF
NOI
$30.1K $15.38/SF
Area
Bergen 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%
$602,820
Cap Rate 7%
$430,586
Cap Rate 9%
$334,900
Alternative Uses
Best Use
Apartment 5plus
$430.6K
$376.8K – $502.4K
NOI $30,141 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$511.8K
$447.8K – $597.1K
NOI $35,826 @ 7.0% cap · market cap 4.29%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,245
Businesses Nearby
Explore this area
Business Placement
Demographics for 07026, NJ
32,655
Population
12,234
Households
2.7
Avg Household Size
37
Median Age
24%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
15,550
Density / Sq Mi
$75,701
Median Household Income
$44,462
Median Earnings
$1,612
Median Rent
$454,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The property includes a partially finished basement with walk-out access.
Where is this residential income property located?
The property is located at 34 Cottage Pl Garfield, NJ.
What is the asking price?
The asking price for this property is $835,000.
What are key features of this property?
This property features: Two‑story, under‑over configuration; Built in 1964; Baseboard heat with natural gas
