Residential Income Property with
559 Windsor Dr Unit 502, Palisades Park, NJ 07650
For Sale
New
$988,888
Two-level townhouse with a private entrance, remodeled kitchen, attached garage, and access to community amenities.
Property Size1,900 SF
Price / SF$520.47
Days on Market2
Property Features for 559 Windsor Dr Unit 502
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Multifamily Units
Amenities
clubhouse
gym
outdoor pool
Building Details
Year Renovated
Stories
Listing Agency:
Century 21 Calabrese Realty
(201) 857-8777
Listed By:
Mary Sanchez ()
(201) 310-6836
Source:
Fortuneluxuryrealty
Added: Nov 6
Last Checked: Nov 6 at 2:32PM
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 Century 21 Calabrese Realty
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Investment Insights
Based on property information with market context.
This two-story townhouse offers approximately 1,900 square feet, a private entrance, and an attached garage with additional storage. The living room features 20-foot cathedral ceilings, skylights, a wood-burning fireplace, and sliding doors to a deck overlooking the garden. A remodeled kitchen includes an island and a separate dining area. The home also has three bedrooms, two full bathrooms, a half bath, a walk-in closet in the primary suite, in-unit laundry, and central vacuum. Remodeling was completed in 2022, and the HVAC system dates to 2023.
Community amenities include a clubhouse, gym, and outdoor pool. The property provides access to major highways and transportation to New York City and surrounding areas, with restaurants and retail shops in the surrounding area.
Community amenities include a clubhouse, gym, and outdoor pool. The property provides access to major highways and transportation to New York City and surrounding areas, with restaurants and retail shops in the surrounding area.
Key Highlights
- Approximately 1,900 square feet across two levels
- Remodeled in 2022; HVAC system installed in 2023
- Living room features 20‑foot ceilings, skylights, and a wood fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,218
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$584,360
$584.4K
Cap Rate 7%
$417,400
$417.4K
Cap Rate 9%
$324,644
$324.6K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$57.0K $30.00/SF
− Vacancy
−$3.9K −$2.04/SF
EGI
$53.1K $27.96/SF
− OpEx
−$23.9K −$12.58/SF
NOI
$29.2K $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%
$584,360
Cap Rate 7%
$417,400
Cap Rate 9%
$324,644
Alternative Uses
Best Use
Apartment 5plus
$417.4K
$365.2K – $487.0K
NOI $29,218 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$496.1K
$434.1K – $578.8K
NOI $34,729 @ 7.0% cap · market cap 3.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,623
Businesses Nearby
Explore this area
Business Placement
Demographics for 07650, NJ
20,292
Population
7,612
Households
2.7
Avg Household Size
40
Median Age
54%
College-Educated
90%
High-School Grad
1.2 sq mi
ZIP Area
16,910
Density / Sq Mi
$101,295
Median Household Income
$50,817
Median Earnings
$1,976
Median Rent
$704,400
Median Home Value
Market
Properties on Market for Residential income properties in Bergen County
Frequently Asked Questions
What type of property is this?
Residential income property - Two-level townhouse with a private entrance, remodeled kitchen, attached garage, and access to community amenities.
Where is this residential income property located?
The property is located at 559 Windsor Dr Unit 502 Palisades Park, NJ.
What is the asking price?
The asking price for this property is $988,888.
What are key features of this property?
This property features: Approximately 1,900 square feet across two levels; Remodeled in 2022; HVAC system installed in 2023; Living room features 20‑foot ceilings, skylights, and a wood fireplace
