516 Anderson Ave · Cliffside Park, NJ 07010

$1,150,000

None bd · None ba · — sqft · MultiFamily · 18 Days on market

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +28.6/30.0
• DSCR +10.0/10.0
• 1% rule +7.9/10.0
• ARV discount +7.5/15.0
• Livability +3.9/5.0
• Schools +3.2/10.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 1 unit. estimate disagrees with records

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks

* * * Prime Downtown Mixed-Use Investment Opportunity * * * Located in the heart of the downtown business district. The recently renovated a well-established restaurant approx. 2,500 sq. ft. , a high-ceiling basement, ideal for storage with full walk-out . New roof replaced 2 years ago The residential unit offers two spacious bedrooms with a den, great size living area, hardwood floor through apartment . All units are separately metered. Additional Income and Expense Information available on request. Whether you're adding to your portfolio, completing a 1031 exchange, or possibly buying as a seasoned portfolio owner or institution, this property combines cash flow and stability. Locate

Key facts

• Residential unit
• Spacious bedrooms
• New roof

Tags

• RECENTLY RENOVATED RESTAURANT
• HIGH-CEILING BASEMENT
• ADDITIONAL BATHROOM
• NEW ROOF
• RESIDENTIAL UNIT
• SPACIOUS BEDROOMS

Property features AI

Exterior

• Home design: Residential income property; Mixed-use property
• Exterior features: Flat roof

What this means for you Summary

Snapshot

• This is a multifamily listed at $1.15M.

Deal economics

• At list price, monthly cash flow is $4k ($45k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($15k rent vs $1.15M).
• Recommended offer: $1.13M (1.5% below list) — sets the bar for market timing.
• Cap rate 10.2% vs local median 2.0% in Cliffside Park — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 78/100 on livability (#104 in NJ, #2,706 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, commute A+, employment A+; Watch: cost of living F.
• Cliffside Park School District (suburban): math 25% / reading 46% proficiency, ranked #275 of 472 in NJ (top 58%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+1.8%/yr); 119 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 3,488 units permitted in Bergen County in 2024 (1,610 in 5+ unit buildings).
• At $14,851/mo this rent would consume 191% of the median local household income ($93k/yr) (locally 1161% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $8k of loan paydown is wiped out by about $34k of value loss. Plan a longer hold.
• Bergen County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 1.8% rent growth), your $322k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 18 days — a 2% lower offer ($1.13M) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Recommended offer $1,132,750 (1.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
3. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
4. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
5. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.29% ✓
• Cap rate: 10.24%
• Cash-on-cash: 14.11%
• DSCR: 1.63
• GRM: 6.5

CMA / ARV

No comps found within radius.

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
579 Oregon Ave	0.23mi	3/3.0	—	0mo	$750,000	—	76
423 8th St	0.29mi	4/2.0	—	1mo	$690,000	—	73
373 Jersey Ave	0.32mi	7/5.0	—	2mo	$1,170,000	—	71
398 Cliff St	0.40mi	6/2.0	—	3mo	$835,000	—	66
439 CLIFF St	0.41mi	7/3.0	—	2mo	$940,000	—	66
309 2nd St	0.44mi	5/3.0	—	3mo	$635,000	—	65
251 Grant Ave	0.47mi	4/2.0	—	1mo	$685,000	—	64
412 Walker St	0.49mi	7/3.5	—	1mo	$935,000	—	64
65 Knox Ave	0.56mi	4/4.0	—	2mo	$1,395,000	—	60
397 Oak St	0.65mi	5/3.0	—	0mo	$925,000	—	57
385A Roosevelt St	0.63mi	4/3.5	—	2mo	$860,000	—	56
677 Greeley Ave	0.73mi	4/2.0	—	1mo	$700,000	—	53

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 1.79% rent growth · sell at horizon

5-year hold

• IRR: 3.0%
• Equity multiple: 1.12×
• Total profit: $37,071
• Equity at exit: $171,469

10-year hold

• IRR: 11.4%
• Equity multiple: 1.84×
• Total profit: $272,049
• Equity at exit: $99,431

Cash invested: $322,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 21 Tenant-Leaning
• State New Jersey: 21 Tenant-Leaning · D+6
• County: — inherits STATE
• City: — inherits STATE

Anti-eviction Act requires just-cause statewide; rent control in 100+ municipalities; one of the most tenant-friendly states.

Methodology + full state rankings →

ZIP-level market 07010

• Home prices YoY: -32.0%
• Rents YoY: 1.8%
• Active inventory: 119
• Price-to-rent: 37.3×

Monthly cashflow live

• Estimated rent: $14,851 high
• Mortgage (P&I): −$6,031
• Tax est. 1.5%: −$1,438 /mo · $17,250/yr
• Insurance: −$479
• HOA: −$0
• Vacancy / Maint / Mgmt: −$3,119
• Net cashflow: $3,785

Break-even live

Break-even rent $10,060

Max offer price $1,150,000

Occupancy floor 70%

Sensitivity live

Price	-10% $4,580	-5% $4,182	+0% $3,785	+5% $3,388	+10% $2,990
Rent	-10% $2,612	-5% $3,198	+0% $3,785	+5% $4,372	+10% $4,958
Rate	-1.0pp $4,364	-0.5pp $4,077	base $3,785	+0.5pp $3,487	+1.0pp $3,184

6-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 4× units	2	1	$10,272
▸ 2× units	1	1	$4,578
Total (6 units)			$14,851

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $287,500
• Closing costs: $34,500
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
516 Anderson Ave Cliffside Park, NJ	2.0	1.0	—	$2,450	—	26d	1	0.01mi
516 Anderson Ave Unit 2 Cliffside Park, NJ	2.0	1.0	—	$2,500	—	26d	1	0.01mi
524 Kearney Ave Unit 1 Cliffside Park, NJ	2.0	1.0	—	$2,700	—	18d	1	0.03mi
515 Anderson Ave Unit 6A Cliffside Park, NJ	1.0	1.0	—	$2,200	—	26d	1	0.04mi
555 Gorge Rd Cliffside Park, NJ	1.0	1.0	—	$2,100	—	26d	2	0.11mi
555 Gorge Rd Unit 3B Cliffside Park, NJ	1.0	1.0	—	$2,200	—	16d	1	0.12mi
524 Oregon Ave Cliffside Park, NJ	1.0	2.0	—	$2,550	—	18d	1	0.16mi
248 Clark Ter Cliffside Park, NJ	3.0	2.5	—	$4,750	—	26d	1	0.20mi
549 Oregon Ave Unit Lower Level Cliffside Park, NJ	1.0	1.0	—	$2,100	—	26d	1	0.20mi
238 Clark Ter Unit 2nd floor Cliffside Park, NJ	3.0	1.0	—	$3,000	—	26d	1	0.20mi
464 Gorge Rd Unit 5H Cliffside Park, NJ	1.0	1.0	—	$2,100	—	8d	1	0.21mi
464 Gorge Rd Unit 8C Cliffside Park, NJ	2.0	2.0	—	$2,500	—	26d	1	0.21mi
403 Anderson Ave Unit 4 B Fairview, NJ	2.0	1.0	—	$1,900	—	5d	1	0.21mi
244 Lincoln Ave Unit 1 Cliffside Park, NJ	3.0	1.0	—	$3,000	—	26d	1	0.23mi
244 Lincoln Ave Unit 2 Cliffside Park, NJ	2.0	1.5	—	$2,250	—	26d	1	0.23mi
509 Saint Pauls Ave Unit Second Floor Cliffside Park, NJ	1.0	1.0	—	$2,000	—	26d	1	0.23mi
424 Palisade Ave Unit 1st fl Cliffside Park, NJ	2.0	1.0	—	$2,200	—	26d	1	0.24mi
355 Lincoln Ave Cliffside Park, NJ	1.0	1.0	—	$1,700	—	26d	1	0.24mi
416 Palisade Ave Cliffside Park, NJ	2.0	1.0	—	$2,100	—	8d	1	0.25mi
243 Lincoln Ave Apt 3 Cliffside Park, NJ	3.0	1.0	1500	$3,595	$2.40	16d	1	0.25mi
243 Lincoln Ave Apt 2 Cliffside Park, NJ	2.0	1.0	1300	$3,195	$2.46	16d	1	0.25mi
243 Lincoln Ave Apt 1 Cliffside Park, NJ	1.0	1.0	750	$2,995	$3.99	26d	1	0.25mi
380 Park Ave Unit 2 Fairview, NJ	2.0	1.0	—	$2,000	—	26d	1	0.25mi
237 Lincoln Ave #201 Cliffside Park, NJ	2.0	2.5	1380	$4,000	$2.90	26d	1	0.26mi
200 Division St Unit 2H Cliffside Park, NJ	2.0	2.0	—	$3,200	—	11d	1	0.27mi
365 Commercial Ave Unit 2 Cliffside Park, NJ	1.0	1.0	—	$1,750	—	26d	1	0.31mi
415 Lincoln Ave Unit 2 Cliffside Park, NJ	1.0	1.0	—	$1,900	—	26d	1	0.32mi
239 Crescent Ln #1 Cliffside Park, NJ	1.0	1.0	—	$2,000	—	26d	1	0.33mi
440 Morningside Ave Fairview, NJ	1.0	1.0	650	$1,900	$2.92	26d	1	0.36mi
229 Columbia Ave Unit 2 Cliffside Park, NJ	2.0	1.0	1500	$2,750	$1.83	23d	1	0.38mi
658-660 Palisade Ave Cliffside Park, NJ	1.0	1.0	530	$1,900	$3.58	18d	2	0.39mi
66 Crescent Ave Cliffside Park, NJ	3.0	3.0	—	$4,800	—	0d	1	0.39mi
465 Oakdene Ave Unit 1 Cliffside Park, NJ	3.0	1.0	—	$3,200	—	26d	1	0.39mi
505 Westview Ave Unit 1st Floor Ridgefield, NJ	3.0	1.0	—	$2,900	—	0d	1	0.39mi
322 Anderson Ave Fairview, NJ	1.0	1.0	—	$1,900	—	26d	1	0.39mi
219 Cliff St #1 Cliffside Park, NJ	3.0	1.0	—	$3,400	—	7d	1	0.39mi
219 Cliff St Unit G Cliffside Park, NJ	2.0	1.0	—	$2,700	—	7d	1	0.39mi
360 Gorge Rd #2 Cliffside Park, NJ	2.0	1.0	—	$2,700	—	26d	1	0.40mi
244 Lawton Ave Unit 13 Cliffside Park, NJ	1.0	1.0	—	$1,975	—	8d	1	0.40mi
678 Anderson Ave Apt 1 Cliffside Park, NJ	1.0	1.0	—	$2,350	—	21d	1	0.42mi

Listing history 12 events

1. 2026-06-21
   days on market $1,150,000 Active 18 DOM
2. 2026-06-18
   days on market $1,150,000 Active 15 DOM
3. 2026-06-17
   days on market $1,150,000 Active 14 DOM
4. 2026-06-16
   days on market $1,150,000 Active 13 DOM
5. 2026-06-15
   days on market $1,150,000 Active 12 DOM
6. 2026-06-13
   days on market $1,150,000 Active 10 DOM
7. 2026-06-13
   days on market $1,150,000 Active 9 DOM
8. 2026-06-09
   days on market $1,150,000 Active 6 DOM
9. 2026-06-08
   days on market $1,150,000 Active 5 DOM
10. 2026-06-07
    days on market $1,150,000 Active 4 DOM
11. 2026-06-04
    remarks 699-char remark
12. 2026-06-04
    listed $1,150,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $178,212
• − Mortgage interest: −$64,418
• − Property taxes: −$17,250
• − Insurance: −$5,750
• − Repairs & maintenance: −$14,257
• − Management: −$14,257
• − Depreciation: −$33,455
• Taxable income: $28,826
• Est. tax owed @ 24.0%: −$6,918
• After-tax cash flow: $38,501/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Cliffside Park School District
• NCES district ID: 3403270
• Math proficiency: 25% ▼ -19.00%
• Reading proficiency: 46% ▼ -12.00%
• Median HH income: $62,740
• Composite: 31.9/100
• National rank: #5860
• State rank: #275 of 472 in NJ

Livability — Cliffside Park

• Score: 78/100
• State rank: #104
• US rank: #2706

Category grades

Amenities A Commute A+ Cost of living F Crime A+ Employment A+ Housing B Health & safety A User ratings D-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Cliffside Park, NJ
• County: Bergen County · 586,961 people
• City population: 25,781
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 25,781
• Household income: $93,452
• Rent vs Own: 48.6% rent · 51.4% own
• Severe rent burden: 1161.0

Population outlook (Bergen County) Hauer SSP2

• Today (2025): 1,021,896 people
• By 2030: 1,063,119 · +4.0%
• By 2040: 1,146,566 · +12.2%
• By 2050: 1,229,132 · +20.3%
• By 2075: 1,429,694 · +39.9%
• By 2100: 1,547,614 · +51.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: White 45% Hispanic / Latino 32% Two or more races 16% Asian 13% Black 3% Native American 2%
• Hispanic origin (detail): Puerto Rican 3% Cuban 3% Dominican 4%
• Common ancestry: Scotch-Irish 3% Estonian 3% Romanian 2%
• Foreign-born: 46% · Canada, South Korea, China
• Languages at home: 36% English-only · Spanish 27% Other Indo-European 10% Russian/Polish/Slavic 8%

Political lean MEDSL · Bergen

• 2024 margin: Toss-up / Even · D 50.7% · R 47.3% · Other 2.0%
• 2008→2024 swing: -6.1pp toward R · 2008: 9.5pp · 2024: 3.4pp
• All cycles: 2024: D+3.4 2020: D+16.4 2016: D+12.0 2012: D+10.8 2008: D+9.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -123.85%
• Current HPI: 263.6589
• Rent YoY: ▲ 1.79%
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• State GDP YoY: ▲ 2.05%
• F500 in state: 34

Industry mix (Fortune 500 HQ in NJ)

Industry	F500 HQs	Revenue
▸Consumer Goods	3	$31B
▸Pharmaceuticals	2	$153B
▸Technology	2	$21B
▸Insurance	2	$20B
▸Healthcare	2	$19B
▸Financial Services	1	$70B

Price history

+46838.8% since first listed

2 events — show timeline

• 2026-06-03 Listed $1,150,000 NJMLS
• 2026-05-06 Listed for Rent $2,450 NJMLS