205 Bergen Tpke Unit 2A · Ridgefield Park, NJ 07660

$209,900

2 bd · 1.0 ba · — sqft · Condo · 42 Days on market

Good condition $1300/mo HOA

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Why this score? — see what drove the F 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).

• ARV discount +11.8/15.0
• 1% rule +6.3/10.0
• Livability +4.0/5.0
• Condition / age +3.8/5.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Cash flow +0.8/30.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Bright and well-maintained 2nd-floor 2-bedroom co-op featuring beautiful hardwood floors and an open floor plan with kitchen, dining room, and living room. Includes one dedicated parking spot and convenient laundry facilities located in the hallway. Ideally situated close to major highways, shopping centers, and parks, with NYC bus service right outside the building for easy commuting. Comfortable, convenient living in a great location! Board approval.

Key facts

• Laundry facilities
• Open floor plan
• Hardwood floors

Tags

• HARDWOOD FLOORS
• OPEN FLOOR PLAN
• DEDICATED PARKING SPOT
• LAUNDRY FACILITIES
• CLOSE TO MAJOR HIGHWAYS
• CLOSE TO SHOPPING CENTERS

Property features AI

Finance

• Other: Pets allowed
• HOA & community: Homeowners association; Monthly association fee of $1,300

Exterior

• Parking: 1 parking space
• Home design: Residential cooperative (stock cooperative); Located in Landmark East (building)
• Exterior features: Pool (community)

Interior

• Kitchen: Dishwasher; Range; Oven; Refrigerator
• Bathrooms: 1 full bathroom
• Heating & cooling: Baseboard heating; Electric heating
• Interior features: Dishwasher; Range; Oven; Refrigerator; No basement
• Laundry & utility: Common area laundry

🏢 Co-op / cooperative unit. The $209,900 price buys shares in the cooperative corporation, not the real estate itself — so it isn't comparable to a fee-simple sale price, and the cashflow / cap-rate / 1%-rule cards below (which assume you own the property and can rent it out) don't apply here. Expect board approval and a monthly maintenance fee on top of the price.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $210k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-1k ($-16k/yr) — negative.
• To cash-flow at today's rent, offer at most $20k (90.3% below list).
• Meets the 1% rule at list price ($2k rent vs $210k).
• Recommended offer: $20k (90.3% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 80/100 on livability (#72 in NJ, #1,762 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, employment A+; Watch: amenities D-, cost of living F.
• Ridgefield Park School District (suburban): math 18% / reading 39% proficiency, ranked #348 of 472 in NJ (top 74%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 30 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 3,488 units permitted in Bergen County in 2024 (1,610 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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.

Negotiation context

• It's been on market 42 days — a 3% lower offer ($204k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask is 9441% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; HOA is 55% of rent.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $20,332 (90.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 42 days. Have you received any prior offers? Is the seller open to a 90% concession, seller financing, or rate buy-down credit?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. 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.
10. 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.
11. 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: 1.13% ✓
• Cap rate: 1.24%
• Cash-on-cash: -18.04%
• DSCR: 0.20
• GRM: 7.4

CMA / ARV

• ARV (median comp): $232,103
• List price: $209,900
• Delta: -13.87%
• Verdict: UNDERPRICED
• Comps: 7 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -75.9%
• Equity multiple: -0.98×
• Total profit: $-116,354
• Equity at exit: $31,297

10-year hold

• IRR: —
• Equity multiple: -2.48×
• Total profit: $-204,304
• Equity at exit: $18,148

Cash invested: $58,772 (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 07660

• Home prices YoY: -17.9%
• Active inventory: 30
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $2,363 high
• Mortgage (P&I): −$1,101
• Tax est. 1.5%: −$262 /mo · $3,148/yr
• Insurance: −$87
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$1,300
• Vacancy / Maint / Mgmt: −$496
• Net cashflow: $-1,310

Break-even live

Break-even rent $4,022

Max offer price $20,332

Occupancy floor —

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: $52,475
• Closing costs: $6,297
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
17 Teaneck Rd Unit 3A Ridgefield Park, NJ	1.0	1.0	750	$1,700	$2.27	21d	1	0.11mi
17 Teaneck Rd Unit 2A Ridgefield Park, NJ	1.0	1.0	—	$1,775	—	44d	1	0.11mi
19 Oak St Ridgefield Park, NJ	3.0	1.0	—	$3,250	—	21d	1	0.22mi
92 Bergen Tpke Unit 2 Ridgefield Park, NJ	2.0	1.0	—	$2,500	—	13d	1	0.31mi
99 Teaneck Rd Ridgefield Park, NJ	1.0	1.0	—	$2,300	—	13d	2	0.33mi
99 Teaneck Rd #304 Ridgefield Park, NJ	1.0	1.0	—	$2,400	—	17d	1	0.33mi
86 Bergen Tpke Ridgefield Park, NJ	3.0	1.5	—	$3,400	—	44d	1	0.33mi
62 Bergen Tpke Apt 4E Ridgefield Park, NJ	2.0	1.0	—	$2,400	—	18d	1	0.41mi
23 Ridgefield Ave Unit 1 Ridgefield Park, NJ	3.0	1.0	—	$1,850	—	5d	1	0.46mi
72 Winant Ave Ridgefield Park, NJ	2.0	1.0	—	$2,800	—	7d	1	0.48mi
53 Hille Pl Unit 2 Ridgefield Park, NJ	1.0	1.0	—	$1,750	—	44d	1	0.54mi
61 Hille Pl Unit 2 Ridgefield Park, NJ	2.0	1.0	—	$2,300	—	22d	1	0.56mi
37 Riverside Ave Unit 1 floor Little Ferry, NJ	2.0	1.0	—	$2,800	—	25d	1	0.59mi
32 Maiden Ln Unit 1 Little Ferry, NJ	3.0	1.5	1700	$3,200	$1.88	25d	1	0.61mi
32 Euclid Ave #1 Ridgefield Park, NJ	1.0	1.0	—	$1,950	—	17d	1	0.62mi
24 Maiden Ln Little Ferry, NJ	2.0	1.0	—	$2,600	—	25d	1	0.62mi
203 Brinkerhoff St Unit 2 Ridgefield Park, NJ	1.0	1.0	—	$1,850	—	22d	1	0.62mi
186 Christie St Unit 2 Ridgefield Park, NJ	1.0	1.0	1200	$1,800	$1.50	44d	1	0.70mi
508 Lowe Ave Unit 2 floor Ridgefield, NJ	2.0	1.5	—	$2,050	—	25d	1	0.74mi
53 Washington Ave Little Ferry, NJ	3.0	1.0	—	$2,700	—	2d	1	0.74mi
95 Hobart St Unit 2nd F Ridgefield Park, NJ	2.0	1.0	—	$2,400	—	44d	1	0.76mi
301 Teaneck Rd Unit 301A Ridgefield Park, NJ	1.0	1.0	—	$1,700	—	25d	1	0.76mi
80 Mehrhof Rd Little Ferry, NJ	3.0	1.0	—	$2,250	—	18d	1	0.78mi
71 Mehrhof Rd Little Ferry, NJ	1.0	1.0	—	$1,850	—	25d	1	0.80mi
539day Unit 1 Ridgefield, NJ	1.0	1.0	1850	$900	$0.49	25d	1	0.82mi
110 Bergen Tpke Little Ferry, NJ	1.0–2.0	1.0–2.0	790	$3,395	$4.29	2d	55	0.86mi
17 Nicholas St Little Ferry, NJ	2.0	1.0	—	$2,600	—	10d	1	0.92mi
725 Broad Ave Unit 2A Ridgefield, NJ	1.0	1.0	810	$1,850	$2.28	19d	1	0.92mi
166 Washington Ave Unit 1 Little Ferry, NJ	1.0	1.0	—	$1,750	—	25d	1	0.93mi
348 Teaneck Rd Unit 1 Ridgefield Park, NJ	3.0	3.0	—	$3,500	—	25d	1	0.98mi
578 Hillside St Unit 2ND FLOOR Ridgefield, NJ	2.0	1.0	—	$2,650	—	7d	1	0.98mi
1 W Columbia Ave Unit 1 Palisades Park, NJ	3.0	2.0	—	$3,000	—	17d	1	1.00mi
48 Spruce Ave Unit 105 Ridgefield Park, NJ	1.0	1.0	—	$2,200	—	44d	1	1.00mi
65 Fairview St Unit 2K Palisades Park, NJ	2.0	2.0	—	$2,600	—	25d	1	1.00mi
33 Center St Unit 1 Little Ferry, NJ	3.0	2.0	—	$2,900	—	3d	1	1.03mi
971 Virgil Ave Ridgefield, NJ	3.0	2.0	—	$4,000	—	17d	1	1.03mi
48 Grand Ave Unit 205 Palisades Park, NJ	1.0	1.0	—	$2,700	—	25d	1	1.03mi
48 Grand Ave Unit 201 Palisades Park, NJ	2.0	2.0	—	$3,200	—	12d	1	1.03mi
48 Grand Ave Unit 308 Palisades Park, NJ	2.0	2.0	—	$3,200	—	5d	1	1.03mi
48 Grand Ave Unit 403 Palisades Park, NJ	1.0	1.0	—	$2,600	—	13d	1	1.03mi

HOA detail condo

• Monthly dues: $1,300 · $15,600/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 18 events

1. 2026-06-18
   days on market $209,900 Active 42 DOM
2. 2026-06-18
   price $209,900 Active 41 DOM
3. 2026-06-17
   days on market $199,900 Active 41 DOM
4. 2026-06-16
   days on market $199,900 Active 40 DOM
5. 2026-06-15
   days on market $199,900 Active 39 DOM
6. 2026-06-13
   days on market $199,900 Active 37 DOM
7. 2026-06-13
   days on market $199,900 Active 36 DOM
8. 2026-06-09
   days on market $199,900 Active 33 DOM
9. 2026-06-08
   days on market $199,900 Active 32 DOM
10. 2026-06-07
    days on market $199,900 Active 31 DOM
11. 2026-06-04
    days on market $199,900 Active 28 DOM
12. 2026-06-03
    days on market $199,900 Active 27 DOM
13. 2026-06-02
    days on market $199,900 Active 26 DOM
14. 2026-06-01
    days on market $199,900 Active 25 DOM
15. 2026-05-31
    days on market $199,900 Active 24 DOM
16. 2026-05-07
    listed $219,900 Active 456-char remark
17. 2026-04-20
    historical $2,000
18. 2026-04-02
    listed $2,000

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone AE · 24% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥100°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,360
• − Mortgage interest: −$11,758
• − Property taxes: −$3,148
• − Insurance: −$6,168
• − Repairs & maintenance: −$2,269
• − Management: −$2,269
• − HOA: −$15,600
• − Depreciation: −$6,106
• Taxable loss: −$18,958
• Est. tax savings @ 24.0%: +$4,550
• After-tax cash flow: $-11,171/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.

Condition & rehab AI · 12 photos

Good 75/100 Cosmetic rehab

A well-maintained 2-bedroom co-op with hardwood floors and an open floor plan, located in a convenient location with easy access to highways and public transportation.

Value-add opportunities

• Both Paint exterior — Enhances curb appeal and resale value.
• Both Replace blinds — Improves natural light and aesthetics in the living spaces.

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior — Enhances curb appeal and resale value. ↑
• Both Replace blinds — Improves natural light and aesthetics in the living spaces. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Ridgefield Park School District
• NCES district ID: 3413800
• Math proficiency: 18% ▼ -18.00%
• Reading proficiency: 39% ▼ -15.00%
• Median HH income: $65,945
• Composite: 26.4/100
• National rank: #7228
• State rank: #348 of 472 in NJ

Livability — Ridgefield Park

• Score: 80/100
• State rank: #72
• US rank: #1762

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ridgefield Park, NJ
• City population: 13,167
• Population (ZIP): 13,167

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 0.63)
• Race & ethnicity: Hispanic / Latino 50% White 33% Two or more races 26% Asian 8% Black 7%
• Hispanic origin (detail): Puerto Rican 5% Cuban 4% Dominican 22%
• Common ancestry: Scotch-Irish 2% Romanian 1% Lithuanian 1%
• Foreign-born: 39% · Canada, Jamaica, South Korea
• Languages at home: 45% English-only · Spanish 38% Other Indo-European 5% Korean 3%

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: ▼ -76.75%
• Current HPI: 351.9502
• Rent YoY: —
• Metro: —
• 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

+10395.0% since first listed

7 events — show timeline

• 2026-06-17 Price Changed $209,900 NJMLS
• 2026-06-17 Price Changed $2,000 NJMLS
• 2026-06-09 Listed for Rent $2,200 NJMLS
• 2026-05-22 Price Changed $199,900 NJMLS
• 2026-05-07 Listed $219,900 NJMLS
• 2026-04-20 Rental Removed $2,000 NJMLS
• 2026-04-02 Listed for Rent $2,000 NJMLS