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105 Parkview Ave
Elmwood Park, NJ 07407

$650,000 USD

Multifamily For Sale  •  2,414 SF

Property Details

  • Property Type Multifamily
  • Total Building Size 2,414 SF
  • Year Built 1917
  • Cap Rate 9.22 %
  • Zoning 1-4 fam
50 Transit Score
70 Walk Score

Highlights

Strong Immediate Cash Flow- State-licensed 8-unit boarding house generating approximately $7,200/month in gross rental income month-to-month lease
High Cap Rate with Upside- Current NOI of approximately $60,045/year reflects a ~9.24% cap rate at asking price, with pro forma upside to ~9.87%
Recent Capital Improvements — Key updates include a new roof/chimney (2022), boiler (2020), and security cameras (2024), ongoing interior improvements

Property Flyers

Financial Summary (Actual)

Net Operating Income: $59,925 USD (2025)
Cap Rate: 9.22 %
Total Expenses: $26,415 USD

Amenities

  • Smoke Free
  • Wi-Fi
  • Storage Space
  • Walk-Up
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Broadway (Bergen County/Port Jervis Line - NJ Transit Commuter Rail (NJ Transit)) 3 min 14 min 0.8 mi
Radburn (Bergen County/Port Jervis Line - NJ Transit Commuter Rail (NJ Transit)) 5 min - 2.2 mi
AirportDriveWalkDistance
Newark Liberty International 25 min - 20.5 mi
LaGuardia 34 min - 22.1 mi
Westchester County 55 min - 37.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: TwoCarGarage
Included in Rent: Yes
Brian Bilgec 201-870-3922 North Jersey 100 LLC.
Brian Bilgec 201-870-3922 North Jersey 100 LLC.