Listing Agency: Weichert Realtors, Ridgewood

Listed By: Malgorzata Jakubaszek Show Phone

Source: Drostrealtygroup

Added: Oct 7 Changed: Oct 10 Last Checked: Oct 11 at 2:02PM

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Investment Insights

Based on property information with market context.

This Garfield apartment has two bedrooms, one bathroom, and a living area. There is no laundry facility, and residents do not have use of the backyard.

Parking is limited to street parking. The owner pays for water; the tenant is responsible for PSE&G. The rental terms prohibit pets and smoking. Applicants are subject to credit, income, and employment verification.

Key Highlights

• Two‑bedroom, one‑bath apartment
• Water paid by the owner; tenant pays PSE&G
• Street parking only

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Parking Lot & Garage (Bike/Boat/Book/etc) Store Catering Service Travel Agency Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Utilities to site

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

1,232

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this multifamily properties located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Multifamily property - Water is covered by the owner, while the tenant is responsible for PSE&G service.

Where is this multifamily property located?

The property is located at 400 Madeline Avenue Garfield, NJ.

What is the lease rate?

The lease rate is $2,200/Mo.

What are key features of this property?

This property features: Two‑bedroom, one‑bath apartment; Water paid by the owner; tenant pays PSE&G; Street parking only