2-4 Family Home For Sale in Cliffside Park, NJ
 

MLS# : 22034918

Street : 773-775 Florence Place
Price : $1,288,000
Town : Cliffside Park, NJ 07010
Annual Taxes : $13,795

PROPERTY DETAILS

# of Rooms : 17
Bedrooms : 4
Full Baths : 4
Half Baths : 0
Basement : None
Garage : Detached
Year Built : 1940's
Lot Size : Regular
Style : 4 Family
Exterior Finish : Other
Heat/Cool : Baseboard, Gas

PROPERTY DESCRIPTION

RARE INVESTMENT OPPORTUNITY to own this beautifully updated four family home situated on a charming treelined street. The property is located in the heart of Cliffside Park with shopping, restaurants, and transportation to NYC only a block away. All utilities separate with the exception of water, laundry on-site & coin operated, and detached two car garage w/ additional spots. Current gross income is $79,440 with the potential to increase $93,000 annually based on current market rents. Potential net income of $73,090 would result in a cap rate of 5.67% at list price.

Amenities

Life Style :

Close/Parks, Close/School, Close/Shopg, Close/Trans, Close/Wrshp, One Floor Living

This listing is a courtesy of Prominent Properties Sotheby's International Realty-Edgewater
(201) 840-8898 office, listing agent Elina Policastro

About Cliffside Park, NJ Real Estate Market

Located in Bergen County in the state of New Jersey, Cliffside Park is a town that was founded in a referendum held in 1895. Cliffside Park was formed by joining the portions of Ridgefield Township and is currently home to more than 24,000 people right now. It is a part of the 26 boroughs formed during the Boroughitis phenomenon, which occurred in 1895.

Cliffside Park derives its name from its location, which means a park surrounded by cliffs. The central part of this town is this park, which is named Palisades Amusement Park. Spread over an area of 38-acres, this amusement park was in existence between 1898 and 1971. After 1971, the amusement park shut down with removals of rides and attractions. Post that, the park was replaced by tall apartment buildings, including many homes for sale in this town of New Jersey, making it a more prominent residential place and a chief addition in the New Jersey real estate.

Other well-known locations of Cliffside Park include Trinity Episcopal Church and the Roman Catholic Church of Epiphany, apart from small parks and gardens. Most of the residents of Cliffside Park are retirees and young professionals who are using their homes as rental places. The overall town has several coffee shops, parks and small restaurants, with decent levels of education and transportation facilities.
Population:  24,046
Total Housing Units:  10,007
Single Family Homes:  4,675
Apartments:  5,332
General Tax Rate (2021):  2.517%
Effective Tax Rate (2021):  1.987%
Compare To Other Towns

Cliffside Park Market Indicators

PRICE INDEX

Average Price* (12mo):  $744,521
Homes Sold* (12mo):  60
PRICE INDEX
SINGLE FAMILY HOME SALES

Cliffside Park, NJ
12 Month Moving Average


1 YR 2 YR 3 YR 5 YR 7 YR MAX
 

Download Full Home Sales Report

PRICE INDEX

Average Price* (12mo):  $516,279
Apatments Sold* (12mo):  247
PRICE INDEX
APARTMENT SALES

Cliffside Park, NJ
12 Month Moving Average


1 YR 2 YR 3 YR 5 YR 7 YR MAX

 

Download Full Apartment Sales Report

REAL ESTATE TAXES

General Tax Rate (2021):  2.517%
Effective Tax Rate (2021):  1.987%
GENRAL TAX RATE - Cliffside Park, NJ



MADISON ADAMSTM

office: 201-760-1100
84 E Ridgewood Ave, Suite 201
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)

Contact Info

FOR APPOINTMENTS CONTACT


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Madisom Adams Sales Associate Yuriy Zatuchny


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Madisom Adams Sales Associate Genesa Rodriguez


Real estate inventory
Cliffside Park
Homes : $455,000 - 3,399,900 15 avail
Condos : $255,000 - 1,699,000 53 avail
Co-ops : $2,175 - 469,000 7 avail
Twnhs : $455,000 - 1,395,000 15 avail
2-4 Fam : $625,000 - 3,200,000 13 avail
5+ Fam : -
Land : $1,699,000 - 1,699,000 1 avail
Rentals : $1,150 - 7,500 35 avail
Mixd Use : -
Com S : -
Com L : -
Biz : $40,000 - 475,000 4 avail


Similar Listings in Cliffside Park

The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Madison Adams are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
NJMLS is the owner of the copyrights of the listing content displayed for IDX. The NJMLS Internet Data Exchange Logo is a service mark owned by the NJMLS, Inc. All information deemed reliable but not guaranteed. Last date updated: 09/26/2022 00:05 AM Source: New Jersey Multiple Listing Service, Inc. “©2022 New Jersey Multiple Listing Service, Inc. All rights reserved.”


General Tax Rate is used to determine the amount of real estate tax levied upon a particular property. This rate is used to compute the tax bill.

Effective Tax Rate is used to compare of one district to another district based on the assumption that all districts are at 100% valuation. This rate has been computed by the State of New Jersey Department of the Treasury using County Equalization Average Ratios. This rate is NOT to be used to compute the tax bill.

Data Source: US Census 2010, NJ MLS, State of New Jersey Department of the Treasury

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Madison AdamsTM

84 E Ridgewood Ave, Suite 201
Ridgewood, NJ 07450
201 760-1100 (office)
201 760-1102 (fax)
office@madisonadams.com