Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    East Rutherford 6-Unit Apartment Complex Title is generated by Realmo AI

    66 River St, East Rutherford, NJ 07073

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,300,000

    Well-maintained 6-unit apartment building near shopping, transportation, and highways.

    Type:Commercial
    Property size:
    4,524 SF
    Lot size:
    0.15 Acres
    Price / SF:
    $287/SF
    Added:
    Oct 11, 2025
    Days on Market:
    224
    Last Refresh:
    Apr 5 at 8:33 pm

    Property Features for 66 River St

    General Information

    Standard status
    Active
    Size
    4,524 SF
    Lot size
    0.15 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    WILLIAM P. ROBERTS

    Listing agent WILLIAM P. ROBERTS

    Listing office KELLER WILLIAMS METROPOLITAN

    Listing date Oct 11, 2025

    Source Corcoran

    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 KELLER WILLIAMS METROPOLITAN

    HighLights

    • 6‑unit brick apartment complex providing consistent rental income.
    • Prime location near shopping, transportation, and major highways.
    • Proximity to New York City, MetLife Stadium, and American Dream Mall.
    • Each apartment features 1‑bedroom, 1‑bath layout with ample natural light.
    • Off‑street parking access (where permitted).
    • Solid brick construction ensures long‑term durability and curb appeal.

    Overview

    This is a 6-unit brick apartment complex featuring six 1-bedroom, 1-bath apartments. The well-maintained building offers solid construction and consistent rental income. It is located near local shopping, transportation, and major highways. Each apartment includes a comfortable layout and ample natural light. Off-street parking access is available where permitted. The property's classic brick exterior ensures long-term durability and timeless curb appeal. The property is located minutes from MetLife Stadium, American Dream Mall, and major commuter routes. This East Rutherford opportunity offers upside and stability in one of Bergen County's desirable rental markets. The property size is 4,524 square feet.

    Financial Insights

    Value Estimation Calculated for Apartment 5plus

    Conservative
    $773.0K
    NOI $69,570 @ 9.00% cap · cautious / downside scenario
    Moderate
    $993.9K
    NOI $69,570 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.39M
    NOI $69,570 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Apartment 5plus

    Component $ $/SF
    Gross rent $135.7k $30.00
    − Vacancy −$9.2k −$2.04
    EGI $126.5k $27.96
    − OpEx −$56.9k −$12.58
    NOI $69.6k $15.38
    4,524 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%

    Alternative Use Scenarios

    Best Use
    Apartment 5plus
    $993.9K
    $869.6K – $1.16M (±1% cap)
    NOI $69,570 @ 7.0% cap · market cap 5.35%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.18M
    $1.03M – $1.38M (±1% cap)
    NOI $82,691 @ 7.0% cap · market cap 6.36%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    East Rutherford
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.118
    Latitude
    40.8492

    Nearby Similar for Sale

    • $1,200,000
      6,300 SF

      Versatile Commercial Property in East Rutherford

      Commercial property with office, garages, storage, and apartment in NJ.
      307 Paterson Ave, East Rutherford Boro, NJ 07073-1336
      View Details
    • $1,400,000
      6,300 SF

      Versatile Commercial Property in East Rutherford

      Commercial property with office, garages, storage, and apartment.
      307 Paterson Ave, East Rutherford Boro, NJ 07073
      View Details
    • Contact for pricing

      East Rutherford Warehouse with Outdoor Storage

      Warehouse with parking, outdoor storage, and easy highway access.
      880-890 Paterson Plank Rd, East Rutherford, NJ 07073
      View Details
    • Contact for pricing

      Warehouse with Parking and Upgrades

      Warehouse for sale with parking, upgrades, and easy access.
      880-890 Paterson Plank Rd, East Rutherford, NJ 07073
      View Details
    • Contact for pricing
      34,740 SF

      East Rutherford Warehouse with Upgrades

      Warehouse with parking, upgrades, and easy access to major routes.
      890 Paterson Plank Rd, East Rutherford, NJ
      View Details
    • $999,999

      Modern East Rutherford Income Property

      Newer construction, fully occupied residential and retail property for sale.
      368 Paterson Ave, East Rutherford, NJ, 07073-1334
      View Details
    • $24,000,000

      Bergen County Warehouse/Flex Opportunity

      105,544 SF warehouse/flex building on 6.29 acres in Bergen County.
      2 Union, East Rutherford, NJ 07073
      View Details
    • $999,999

      East Rutherford Mixed-Use Property

      Newer construction in East Rutherford, offering residential and commercial spaces.
      368 Paterson, East Rutherford, NJ 07073
      View Details

    FAQs

    What type of property is this?
    Apartment building - Well-maintained 6-unit apartment building near shopping, transportation, and highways.
    Where is this apartment building located?
    The property is located at 66 River St East Rutherford, NJ.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: 6‑unit brick apartment complex providing consistent rental income.; Prime location near shopping, transportation, and major highways.; Proximity to New York City, MetLife Stadium, and American Dream Mall.
    (973) 539-1120
    We can help!
    Listing Contact
    WILLIAM P. ROBERTS
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    66 River St, East Rutherford Boro, NJ 07073
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!