Two-Unit Duplex with Finished
For Sale
$840,000
740 2Nd Ave, Lyndhurst, NJ 07071
MULTI_FAMILY - Lyndhurst Twp., NJ
Property Size3,168 SF
Lot Size0.09 Acres
Price / SF$265.15
Days on Market24
Property Features for 740 2Nd Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 4, Basement, Bedroom 2, Bedroom 3
Parking
2
Patio and Porch features
Deck
Exterior features
Deck, Storage Shed
Lot features
Level Lot
Directions
orient wy to 2nd ave home on the left
Standard status
Active
Size
3,168 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
15490
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Additional Structures
Storage
Listing Agency:
REALTY EXECUTIVES EXCEPTIONAL · Realty Executives International
(973) 729-7141
Listed By:
DAVID THOENIG
Added: Jul 16
Changed: Aug 7
Last Checked: Aug 8 at 2:06AM
MLS# 4041119
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1920, this 3,168-square-foot duplex sits on a 0.09-acre lot and provides four bedrooms and three bathrooms across its two-family configuration. The property includes a full finished walk-out basement, a deck, and a storage shed. Public water and public sewer serve the residence, while the roof is shingle construction.
The property is located at 740 2nd Ave in Lyndhurst Twp., Bergen County, New Jersey. Surrounding conveniences identified for the property include schools, transportation, restaurants, shopping, and major highways. The residence is offered in its current condition, with any required system repairs assigned to the buyer.
The property is located at 740 2nd Ave in Lyndhurst Twp., Bergen County, New Jersey. Surrounding conveniences identified for the property include schools, transportation, restaurants, shopping, and major highways. The residence is offered in its current condition, with any required system repairs assigned to the buyer.
Key Highlights
- Two‑family duplex with 4 bedrooms and 3 bathrooms total
- 3,168 square feet on a 0.09‑acre lot
- Full finished walk‑out basement
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
$53,020
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
6.31%
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%
$1,060,400
$1.1M
Cap Rate 7%
$757,429
$757.4K
Cap Rate 9%
$589,111
$589.1K
Market Conditions
NOI Build-Up for 3,168 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
$81.0K $25.56/SF
− Vacancy
−$5.2K −$1.65/SF
EGI
$75.7K $23.91/SF
− OpEx
−$22.7K −$7.17/SF
NOI
$53.0K $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%
$1,060,400
Cap Rate 7%
$757,429
Cap Rate 9%
$589,111
Alternative Uses
Best Use
Multifamily LT 5
$757.4K
$662.8K – $883.7K
NOI $53,020 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$696.0K
$609.0K – $812.0K
NOI $48,718 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$827.2K
$723.8K – $965.1K
NOI $57,906 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,361
Businesses Nearby
Explore this area
Business Placement
Demographics for 07071, NJ
22,519
Population
9,839
Households
2.3
Avg Household Size
40
Median Age
40%
College-Educated
90%
High-School Grad
4.6 sq mi
ZIP Area
4,895
Density / Sq Mi
$109,021
Median Household Income
$65,401
Median Earnings
$1,719
Median Rent
$496,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family layout includes a full finished walk-out basement, deck, and separate storage shed.
Where is this duplex located?
The property is located at 740 2Nd Ave Lyndhurst, NJ.
What is the asking price?
The asking price for this property is $840,000.
What are key features of this property?
This property features: Two‑family duplex with 4 bedrooms and 3 bathrooms total; 3,168 square feet on a 0.09‑acre lot; Full finished walk‑out basement
