Two-Unit Residential Income
62 Hickory Hill Boulevard Unit 2001 Totowa, NJ 07512
62 Hickory Hill Boulevard Unit 2001, Totowa, NJ, 07512
$839,000
For Sale
$839,000
Two-unit residential income property offered for sale in Totowa, NJ.
Property Size2,745 SF
Price / SF$305.65
Days on Market20
Property Features for 62 Hickory Hill Boulevard Unit 2001
General Information
- Standard status
- Active
- Size
- 2,745 SF
- Property subtype
- Multi Family / 2-Two Story
Building Details
- Year Built
- 2004
Listing agency
THE AGENCY ONE ROCK
(201) 962-9555
Listed by
MELISSA SHANLEY · License #303502
(201) 962-9555
Source
Compass
Added: Jul 3 Updated: Jul 21 at 11:34AM Checked: Jul 21 at 11:34AM
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 THE AGENCY ONE ROCK
Investment Insights
Based on property information with market context.
This two-unit residential income property is being offered for sale. The listing is categorized as a duplex/residential income multifamily asset.
The property is located at 62 Hickory Hill Boulevard, Unit 2001, in Totowa, New Jersey.
The property is located at 62 Hickory Hill Boulevard, Unit 2001, in Totowa, New Jersey.
Key Highlights
- Two‑unit residential income property in Totowa, NJ
- Finished, full basement
- Interior features include high ceilings, wood floors, marble floors, and a walk‑in closet
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.2k | $25.56 |
| − Vacancy | −$4.5k | −$1.65 |
| EGI | $65.6k | $23.91 |
| − OpEx | −$19.7k | −$7.17 |
| NOI | $45.9k | $16.74 |
2,745 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$656.3K
$574.3K – $765.7K
NOI $45,941 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$603.0K
$527.7K – $703.6K
NOI $42,213 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$716.8K
$627.2K – $836.2K
NOI $50,174 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit residential income property offered for sale in Totowa, NJ.
Where is this duplex located?
The property is located at 62 Hickory Hill Boulevard Unit 2001 Totowa, NJ.
What is the asking price?
The asking price for this property is $839,000.
What are key features of this property?
This property features: Two‑unit residential income property in Totowa, NJ; Finished, full basement; Interior features include high ceilings, wood floors, marble floors, and a walk‑in closet
