Waterfront
For Sale
$1,400,000
37 Lakeshore Drive, Oakland, NJ 07436
Recent improvements include new kitchens, windows, roof, boilers, septic systems, water heaters, and appliances.
Property Size5,800 SF
Price / SF$241.38
Days on Market13
Property Features for 37 Lakeshore Drive
General Information
Standard status
Active
Size
5,800 SF
Property subtype
Residential Income
Occupancy
100%
Net Operating Income
$95,000
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$20,300
Amenities
Full
Tile,Wood
4
No
Yes
8
Double Pane Windows,ENERGY STAR Qualified Windows,Insulated Windows,New Windows,Oversized Windows,Screens,Storm Window(s)
ENERGY STAR Qualified Door(s),Open Floorplan,Open Kitchen,Other,Storage,Walk Through Kitchen,Washer/Dryer Hookup,Wet Bar
Back Yard,Cross Fenced,Partial
Public
60
Carport, Driveway, Electric Vehicle Charging Station(s), Private
Balcony,Dock,Rain Gutters
Concrete Perimeter
5800
Public Maintained Road
Building Details
Building Size
5,800 SF
Year Built
1954
Listing Agency:
(516) 703-2918
Listed By:
Hassan Mahmood
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 31
Last Checked: Oct 31 at 3:54AM
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 Hassan Mahmood
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Investment Insights
Based on property information with market context.
This two-family property was built in 1954 and has undergone a full renovation. Improvements include a new roof, windows, boilers, septic systems, kitchens, flooring, water heaters, and appliances. The oil tanks have been removed, with state certification. The property is fully occupied and sits outside a flood zone.
Waterfront features include a dock and balcony. On-site parking includes a carport and driveway, and the property also has an electric vehicle charging station. Additional exterior features include rain gutters and a partially fenced backyard.
Waterfront features include a dock and balcony. On-site parking includes a carport and driveway, and the property also has an electric vehicle charging station. Additional exterior features include rain gutters and a partially fenced backyard.
Key Highlights
- Two‑family waterfront property with dock and balcony
- Fully occupied
- Renovation includes a new roof, windows, boilers, septic systems, kitchens, flooring, water heaters, and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,070
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,941,400
$1.9M
Cap Rate 7%
$1,386,714
$1.4M
Cap Rate 9%
$1,078,556
$1.1M
Market Conditions
NOI Build-Up for 5,800 SF
Gross rent
$148.2K $25.56/SF
− Vacancy
−$9.6K −$1.65/SF
EGI
$138.7K $23.91/SF
− OpEx
−$41.6K −$7.17/SF
NOI
$97.1K $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%
$1,941,400
Cap Rate 7%
$1,386,714
Cap Rate 9%
$1,078,556
Alternative Uses
Best Use
Multifamily LT 5
$1.39M
$1.21M – $1.62M
NOI $97,070 @ 7.0% cap · market cap 6.93%
Second Best
Apartment 5plus
$1.27M
$1.11M – $1.49M
NOI $89,192 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$1.51M
$1.33M – $1.77M
NOI $106,015 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
589
Businesses Nearby
Explore this area
Business Placement
Demographics for 07436, NJ
12,750
Population
4,680
Households
2.7
Avg Household Size
44
Median Age
54%
College-Educated
97%
High-School Grad
8.5 sq mi
ZIP Area
1,500
Density / Sq Mi
$162,763
Median Household Income
$69,360
Median Earnings
$1,466
Median Rent
$566,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Recent improvements include new kitchens, windows, roof, boilers, septic systems, water heaters, and appliances.
Where is this duplex located?
The property is located at 37 Lakeshore Drive Oakland, NJ.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Two‑family waterfront property with dock and balcony; Fully occupied; Renovation includes a new roof, windows, boilers, septic systems, kitchens, flooring, water heaters, and appliances
