Two-Story Income
For Sale
$699,999
72 Minerva Ave, Hawthorne, NJ 07506
The 1928 property includes natural gas service and a shared driveway.
Property Size3,150 SF
Price / SF$222.22
Days on Market47
Property Features for 72 Minerva Ave
General Information
Standard status
Active
Size
3,150 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$11,302
Amenities
Ceiling Fan(s)
Natural Gas
Partial
Shared Driveway
2-Two Story
Building Details
Year Built
1928
Stories
2
Listing Agency:
RE/MAX FIRST REALTY II
Listed By:
THAIS NINA-HAWKINS · License #311536
(908) 400-3893
Source:
Evrealestate
Added: Sep 19
Changed: Nov 1
Last Checked: Nov 3 at 5:08AM
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 RE/MAX FIRST REALTY II
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Investment Insights
Based on property information with market context.
This two-story residential income property contains 3,150 square feet and was built in 1928. Interior features include ceiling fans and natural gas service, with a partial interior feature also noted. A shared driveway serves the property.
Key Highlights
- 3,150‑square‑foot residential income property
- Built in 1928
- Two‑story exterior configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,441
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$968,820
$968.8K
Cap Rate 7%
$692,014
$692.0K
Cap Rate 9%
$538,233
$538.2K
Market Conditions
NOI Build-Up for 3,150 SF
Gross rent
$94.5K $30.00/SF
− Vacancy
−$6.4K −$2.04/SF
EGI
$88.1K $27.96/SF
− OpEx
−$39.6K −$12.58/SF
NOI
$48.4K $15.38/SF
Area
Passaic 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%
$968,820
Cap Rate 7%
$692,014
Cap Rate 9%
$538,233
Alternative Uses
Best Use
Apartment 5plus
$692.0K
$605.5K – $807.4K
NOI $48,441 @ 7.0% cap · market cap 6.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$822.5K
$719.7K – $959.6K
NOI $57,577 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,341
Businesses Nearby
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Business Placement
Demographics for 07506, NJ
19,637
Population
8,033
Households
2.4
Avg Household Size
42
Median Age
45%
College-Educated
95%
High-School Grad
3.3 sq mi
ZIP Area
5,951
Density / Sq Mi
$118,093
Median Household Income
$62,495
Median Earnings
$1,828
Median Rent
$499,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The 1928 property includes natural gas service and a shared driveway.
Where is this residential income property located?
The property is located at 72 Minerva Ave Hawthorne, NJ.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: 3,150‑square‑foot residential income property; Built in 1928; Two‑story exterior configuration
