Building Details

Buildings 1

Listing Agency: Coldwell Banker, Alpine/Closter Show Phone

Listed By: Risa Corson ()

Source: Fortuneluxuryrealty

Added: Oct 9 Changed: Oct 10 Last Checked: Oct 14 at 10:28PM

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Investment Insights

Based on property information with market context.

Set within Demarest’s gated Bellaire community, this nearly 6,000 sq. ft. townhome spans multiple levels and includes an elevator. The main floor has a dining room, family room with fireplace, eat-in kitchen, bedroom or study, and powder room. French doors open from the family room to a stone terrace. The second floor contains the primary suite, two junior suites and laundry facilities. A walk-out lower level adds a recreation room, home theater, another junior suite, powder room and covered patio.

The primary suite includes a private office, walk-in closet and bathroom. The home is near Alpine Country Club, and its elevated terrace and lower patio face greenery. These outdoor spaces, along with the interior’s multiple suites and entertainment rooms, define the property’s layout.

Key Highlights

• Nearly 6,000 sq. ft. townhome in Demarest’s gated Bellaire community
• Near Alpine Country Club
• Elevator serves the multi‑level residence

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$92,268

Cap Rate

3.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,845,360 $1.8M

Cap Rate 7%

$1,318,114 $1.3M

Cap Rate 9%

$1,025,200 $1.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,000 SF

Gross rent

$180.0K $30.00/SF

− Vacancy

−$12.2K −$2.04/SF

EGI

$167.8K $27.96/SF

− OpEx

−$75.5K −$12.58/SF

NOI

$92.3K $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%

$1,845,360

Cap Rate 7%

$1,318,114

Cap Rate 9%

$1,025,200

Alternative Uses

Best Use

Apartment 5plus

$1.32M

$1.15M – $1.54M (±1% cap)

NOI $92,268 @ 7.0% cap · market cap 3.93%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.57M

$1.37M – $1.83M (±1% cap)

NOI $109,670 @ 7.0% cap · market cap 4.67%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Residential income properties

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Dental Office Spa & Massage Center Law Firm

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

1

Residential units

Location Intelligence

Trade Area within ½ mile

59

Businesses Nearby

Explore this area Business Placement

Demographics for 07627, NJ

4,981

Population

1,746

Households

2.9

Avg Household Size

44

Median Age

75%

College-Educated

99%

High-School Grad

2.1 sq mi

ZIP Area

2,372

Density / Sq Mi

$175,078

Median Household Income

$95,333

Median Earnings

$3,501

Median Rent

$965,400

Median Home Value

Frequently Asked Questions

What type of property is this?

Residential income property - The multi-level townhome has an elevator, several bedroom suites, a home theater and two outdoor living areas.

Where is this residential income property located?

The property is located at 713 Bellaire Dr Demarest, NJ.

What is the asking price?

The asking price for this property is $2,348,800.

What are key features of this property?

This property features: Nearly 6,000 sq. ft. townhome in Demarest’s gated Bellaire community; Near Alpine Country Club; Elevator serves the multi‑level residence