Two-Family Residential Income
72 Terrace Street Bergenfield, NJ 07621
For Sale
$639,000
Two separate units offer flexible bedroom and bathroom layouts, with in-unit kitchens and added basement and attic storage.
Property Size1,552 SF
Price / SF$411.73
Days on Market76
Property Features for 72 Terrace Street
General Information
- Standard status
- Active
- Size
- 1,552 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1926
Listing Agency:
Realty One Group Emerge
(732) 449-2900
Listed By:
Ankur Kapoor · License #2321475
(732) 449-2900
Source:
Compass
Added: May 10
Changed: Jul 23
Last Checked: Jul 23 at 3:42PM
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 Realty One Group Emerge
Investment Insights
Based on property information with market context.
This two-family residential income property offers two distinct living units with separate bedroom and bathroom configurations. The upstairs unit includes three bedrooms, a full bathroom, a kitchen, and a comfortable living space. The downstairs unit features two bedrooms, 1.5 bathrooms, a kitchen, and a combined living room/dining area.
Additional utility and storage are built into the home with a basement that includes washer and dryer hookups, along with an attic accessed by pull-down stairs. Outside, the property provides a large driveway and two storage sheds in the yard.
Overall, the building is set up for straightforward multi-unit occupancy with practical on-site storage for everyday needs.
Additional utility and storage are built into the home with a basement that includes washer and dryer hookups, along with an attic accessed by pull-down stairs. Outside, the property provides a large driveway and two storage sheds in the yard.
Overall, the building is set up for straightforward multi-unit occupancy with practical on-site storage for everyday needs.
Key Highlights
- 2‑family home with 2 levels, built in 1926
- Upstairs unit: 3 bedrooms, 1 full bath, kitchen, and living space
- Downstairs unit: 2 bedrooms, 1.5 bathrooms, kitchen, and living/dining area
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 | $39.7k | $25.56 |
| − Vacancy | −$2.6k | −$1.65 |
| EGI | $37.1k | $23.91 |
| − OpEx | −$11.1k | −$7.17 |
| NOI | $26.0k | $16.74 |
1,552 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$371.1K
$324.7K – $432.9K
NOI $25,975 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$341.0K
$298.3K – $397.8K
NOI $23,867 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$405.3K
$354.6K – $472.8K
NOI $28,368 @ 7.0% cap · market cap 4.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
A.T.C. Hardwood Flooring
General Contractor
FAQs
What type of property is this?
Duplex - Two separate units offer flexible bedroom and bathroom layouts, with in-unit kitchens and added basement and attic storage.
Where is this duplex located?
The property is located at 72 Terrace Street Bergenfield, NJ.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: 2‑family home with 2 levels, built in 1926; Upstairs unit: 3 bedrooms, 1 full bath, kitchen, and living space; Downstairs unit: 2 bedrooms, 1.5 bathrooms, kitchen, and living/dining area
