Building Details

Building Size 2,981 SF

Year Built 1952

Buildings 1

Units 2

Listing Agency: Coldwell Banker Realty Show Phone

Listed By: Danielle M. Grosso Show Phone

Source: Culturaunitedrealty

Added: Aug 1 Changed: Oct 25 Last Checked: Oct 23 at 5:21PM

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Investment Insights

Based on property information with market context.

This 2,981-square-foot duplex, built in 1952, contains two residences. The first-floor unit has a kitchen, butler’s pantry, dining spaces, living room, family room, two bedrooms, two full bathrooms, and a laundry room. The upper unit offers a kitchen, butler’s pantry, formal dining room, living room, and one bedroom with a walk-in closet and a second closet. Each residence has attic storage. A full unfinished basement is framed, and the property also includes an oversized two-car garage with automatic openers and storage, plus a driveway for 8+ vehicles.

The backyard backs directly to Saddle River County Park. Shopping, restaurants, schools, houses of worship, major highways, and NYC transportation are nearby.

Key Highlights

• 2,981 square feet; built in 1952
• Two residences: a two‑bedroom first‑floor unit and a one‑bedroom upper unit
• First‑floor unit has two full bathrooms and a laundry room

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$49,891

Cap Rate

6.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$997,820 $997.8K

Cap Rate 7%

$712,729 $712.7K

Cap Rate 9%

$554,344 $554.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,981 SF

Gross rent

$76.2K $25.56/SF

− Vacancy

−$4.9K −$1.65/SF

EGI

$71.3K $23.91/SF

− OpEx

−$21.4K −$7.17/SF

NOI

$49.9K $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%

$997,820

Cap Rate 7%

$712,729

Cap Rate 9%

$554,344

Alternative Uses

Best Use

Multifamily LT 5

$712.7K

$623.6K – $831.5K (±1% cap)

NOI $49,891 @ 7.0% cap · market cap 6.05%

Second Best

Apartment 5plus

$654.9K

$573.0K – $764.0K (±1% cap)

NOI $45,842 @ 7.0% cap · market cap 5.56%

Theoretical Best

Office A

$778.4K

$681.1K – $908.1K (±1% cap)

NOI $54,488 @ 7.0% cap · market cap 6.60%

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

Property Analytics

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Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

832

Businesses Nearby

Explore this area Business Placement

Demographics for 07663, NJ

14,294

Population

5,457

Households

2.6

Avg Household Size

43

Median Age

36%

College-Educated

91%

High-School Grad

2.7 sq mi

ZIP Area

5,294

Density / Sq Mi

$125,935

Median Household Income

$60,112

Median Earnings

$2,018

Median Rent

$473,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - The residences include separate kitchens, attic storage, and access to a backyard adjoining Saddle River County Park.

Where is this duplex located?

The property is located at 340 Saddle River Rd Saddle Brook, NJ.

What is the asking price?

The asking price for this property is $825,000.

What are key features of this property?

This property features: 2,981 square feet; built in 1952; Two residences: a two‑bedroom first‑floor unit and a one‑bedroom upper unit; First‑floor unit has two full bathrooms and a laundry room