Apartment with Attached
39 Park Ter # 39, Caldwell, NJ 07006
For Sale
New
Contact for pricing
Two-level residence offers four bedrooms, a finished walkout lower level, and additional off-street parking.
Property Size2,100 SF
Price / SF$1.79
Days on Market2
Property Features for 39 Park Ter # 39
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
laundry
Finished,Full,Partial,Walkout
Tile,Wood
Gas-Natural
First
3 Bedrooms,Bath Main,Bath(s) Other,Dining Room,Kitchen,Living Room
Center Island,Full Bath,Separate Dining Area,Stall Shower,Stall Shower and Tub
4
In Building
Ground
1 Bedroom,Bath(s) Other,Family Room,Laundry Room,Utility Room
Carbon Monoxide Detector,Fire Extinguisher,Smoke Detector
4th Bedroom
Public Water
100X112 IRR
Building Details
Year Built
Listing Agency:
(551) 239-8040
Listed By:
Reisha Baker
Source:
Skyrealtyintl
Added: Nov 8
Last Checked: Nov 8 at 3:10PM
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 Reisha Baker
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Investment Insights
Based on property information with market context.
This renovated apartment spans approximately 2,100 square feet over two levels. The main floor has three bedrooms, including a primary suite with a private full bath, along with connected living and dining areas. The kitchen includes white shaker cabinets, stainless steel appliances, a blue subway tile backsplash, and a center island with seating. Hardwood floors, recessed lighting, and oversized windows are among the interior finishes.
A finished walkout lower level adds a family room, fourth bedroom, full bath, laundry area, and storage, with direct access to the attached garage. The property includes one garage space and additional off-street parking.
The apartment is in Caldwell, with downtown restaurants, shops, parks, schools, and commuter routes described as nearby.
A finished walkout lower level adds a family room, fourth bedroom, full bath, laundry area, and storage, with direct access to the attached garage. The property includes one garage space and additional off-street parking.
The apartment is in Caldwell, with downtown restaurants, shops, parks, schools, and commuter routes described as nearby.
Key Highlights
- Approximately 2,100 square feet across two levels
- Four bedrooms, including a primary suite with private full bath
- Finished walkout lower level with family room, bedroom, full bath, laundry, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,294
Suggested Prices Based on Cap Rates
Cap Rate 5%
$645,880
$645.9K
Cap Rate 7%
$461,343
$461.3K
Cap Rate 9%
$358,822
$358.8K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$63.0K $30.00/SF
− Vacancy
−$4.3K −$2.04/SF
EGI
$58.7K $27.96/SF
− OpEx
−$26.4K −$12.58/SF
NOI
$32.3K $15.38/SF
Area
Essex 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%
$645,880
Cap Rate 7%
$461,343
Cap Rate 9%
$358,822
Alternative Uses
Best Use
Apartment 5plus
$461.3K
$403.7K – $538.2K
NOI $32,294 @ 7.0% cap · market cap 861.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$548.4K
$479.8K – $639.8K
NOI $38,385 @ 7.0% cap · market cap 1,023.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
886
Businesses Nearby
Explore this area
Business Placement
Demographics for 07006, NJ
26,733
Population
10,183
Households
2.6
Avg Household Size
42
Median Age
65%
College-Educated
96%
High-School Grad
9.3 sq mi
ZIP Area
2,875
Density / Sq Mi
$148,645
Median Household Income
$74,342
Median Earnings
$1,973
Median Rent
$667,300
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in Essex County, NJ
Properties on Market for Multifamily properties in Essex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two-level residence offers four bedrooms, a finished walkout lower level, and additional off-street parking.
Where is this multifamily property located?
The property is located at 39 Park Ter # 39 Caldwell, NJ.
What are key features of this property?
This property features: Approximately 2,100 square feet across two levels; Four bedrooms, including a primary suite with private full bath; Finished walkout lower level with family room, bedroom, full bath, laundry, and storage
