Side-by-Side Duplex with
For Sale
$749,000
72-74 Fournier Crescent, Elmwood Park, NJ 07407
Two residential units offer flexible room layouts, updated kitchens, laundry hookups, and separate driveways.
Property Size2,432 SF
Lot Size0.21 Acres
Price / SF$307.98
Days on Market8
Property Features for 72-74 Fournier Crescent
General Information
Standard status
Active
Size
2,432 SF
Total Parking Spaces
2
Lot size
0.21 Acres
Property subtype
MULTI_FAMILY
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$13,241
Amenities
shared backyard
laundry hookups
Building Details
Buildings
1
Listing Agency:
Aldo's Realty
Listed By:
Justin W. Marchese III
(551) 404-1022
Source:
Drostrealtygroup
Added: Sep 18
Changed: Sep 21
Last Checked: Sep 24 at 6:34PM
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 Aldo's Realty
Investment Insights
Based on property information with market context.
This side-by-side duplex contains approximately 2,432 square feet of living space on a 9,040-square-foot lot. Each residence includes two bedrooms, one full bathroom, an eat-in kitchen, and a multipurpose room that can accommodate family, dining, or office use. Both units also have laundry hookups and forced hot-air heat.
Unit 72 has undergone a complete renovation with white shaker cabinetry, quartz counters, stainless steel appliances, new windows, laminate flooring, recessed lighting, and 200-amp electrical service. Unit 74 includes a kitchen with granite counters and a partially finished basement with a bar and Bilco doors connecting to the yard.
The property also features a detached two-car garage, shared backyard, newly refinished individual driveways, and new gutters. It is located near parks, shopping, and NYC transportation in Elmwood Park, New Jersey.
Unit 72 has undergone a complete renovation with white shaker cabinetry, quartz counters, stainless steel appliances, new windows, laminate flooring, recessed lighting, and 200-amp electrical service. Unit 74 includes a kitchen with granite counters and a partially finished basement with a bar and Bilco doors connecting to the yard.
The property also features a detached two-car garage, shared backyard, newly refinished individual driveways, and new gutters. It is located near parks, shopping, and NYC transportation in Elmwood Park, New Jersey.
Key Highlights
- Approximately 2,432 sq ft of living space on a 9,040 sq ft lot
- Two side‑by‑side units, each with 2 bedrooms and 1 full bath
- Unit 72 renovated with quartz counters, stainless steel appliances, new windows, and 200‑amp electrical service
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,702
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$814,040
$814.0K
Cap Rate 7%
$581,457
$581.5K
Cap Rate 9%
$452,244
$452.2K
Market Conditions
NOI Build-Up for 2,432 SF
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.
Gross rent
$62.2K $25.56/SF
− Vacancy
−$4.0K −$1.65/SF
EGI
$58.1K $23.91/SF
− OpEx
−$17.4K −$7.17/SF
NOI
$40.7K $16.74/SF
Area
Bergen County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$814,040
Cap Rate 7%
$581,457
Cap Rate 9%
$452,244
Alternative Uses
Best Use
Multifamily LT 5
$581.5K
$508.8K – $678.4K
NOI $40,702 @ 7.0% cap · market cap 5.43%
Second Best
Apartment 5plus
$534.3K
$467.5K – $623.3K
NOI $37,399 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$635.0K
$555.7K – $740.9K
NOI $44,453 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,530
Businesses Nearby
Explore this area
Business Placement
Demographics for 07407, NJ
21,422
Population
7,561
Households
2.8
Avg Household Size
41
Median Age
36%
College-Educated
91%
High-School Grad
2.6 sq mi
ZIP Area
8,239
Density / Sq Mi
$100,852
Median Household Income
$51,764
Median Earnings
$2,025
Median Rent
$456,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer flexible room layouts, updated kitchens, laundry hookups, and separate driveways.
Where is this duplex located?
The property is located at 72-74 Fournier Crescent Elmwood Park, NJ.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Approximately 2,432 sq ft of living space on a 9,040 sq ft lot; Two side‑by‑side units, each with 2 bedrooms and 1 full bath; Unit 72 renovated with quartz counters, stainless steel appliances, new windows, and 200‑amp electrical service
