One-Bedroom Residential Income
New
For Sale
$149,000
904 BARCLAY TOWERS, Cherry Hill, NJ 08034
Ninth-floor condominium with an open layout, generous storage, and access to nearby shopping, dining, and major roadways.
Property Size700 SF
Days on Market7
Property Features for 904 BARCLAY TOWERS
General Information
Standard status
Active
Size
700 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,499
Building Details
Building Size
700 SF
Year Built
1966
Listing Agency:
Keller Williams Realty - Moorestown
Listed By:
Ebenezer Carpio · License #1971607
(856) 600-4001
Source:
Patmckennarealtors
Added: Sep 12
Changed: Sep 17
Last Checked: Sep 18 at 12:21PM
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 Keller Williams Realty - Moorestown
Investment Insights
Based on property information with market context.
This residential income property is a one-bedroom, one-bath condominium on the ninth floor of Barclay Towers. The interior includes an open-concept arrangement, natural light, a bedroom with substantial closet space, and a hallway walk-in closet for additional storage. The building dates to 1966.
The property is located in Cherry Hill, New Jersey, approximately 25 minutes from Philadelphia International Airport. Shopping centers, restaurants, and major roadways are nearby, providing convenient access to everyday services and regional transportation.
The property is located in Cherry Hill, New Jersey, approximately 25 minutes from Philadelphia International Airport. Shopping centers, restaurants, and major roadways are nearby, providing convenient access to everyday services and regional transportation.
Key Highlights
- One‑bedroom, one‑bath condominium on the 9th floor
- Open‑concept interior with natural light
- Bedroom includes generous closet space
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
$10,765
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
7.22%
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%
$215,300
$215.3K
Cap Rate 7%
$153,786
$153.8K
Cap Rate 9%
$119,611
$119.6K
Market Conditions
NOI Build-Up for 700 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
$21.0K $30.00/SF
− Vacancy
−$1.4K −$2.04/SF
EGI
$19.6K $27.96/SF
− OpEx
−$8.8K −$12.58/SF
NOI
$10.8K $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 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%
$215,300
Cap Rate 7%
$153,786
Cap Rate 9%
$119,611
Alternative Uses
Best Use
Apartment 5plus
$153.8K
$134.6K – $179.4K
NOI $10,765 @ 7.0% cap · market cap 7.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$182.8K
$159.9K – $213.3K
NOI $12,795 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,277
Businesses Nearby
Explore this area
Business Placement
Demographics for 08034, NJ
19,256
Population
8,108
Households
2.4
Avg Household Size
42
Median Age
53%
College-Educated
94%
High-School Grad
5.9 sq mi
ZIP Area
3,264
Density / Sq Mi
$111,244
Median Household Income
$56,792
Median Earnings
$1,707
Median Rent
$335,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Ninth-floor condominium with an open layout, generous storage, and access to nearby shopping, dining, and major roadways.
Where is this residential income property located?
The property is located at 904 BARCLAY TOWERS Cherry Hill, NJ.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: One‑bedroom, one‑bath condominium on the 9th floor; Open‑concept interior with natural light; Bedroom includes generous closet space
