2000 LINWOOD Ave Unit 6C · Fort Lee, NJ 07024

$425,000

2 bd · 2.0 ba · 1,090 sqft · Condo public records · 40 Days on market

Built 1967

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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 +7.5/15.0
• Schools +4.9/10.0
• Livability +4.5/5.0
• Cash flow +4.1/30.0
• 1% rule +3.4/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Bright 2 bedrooms with 2 full bath in Luxury high rise condo building in the heart of Fort Lee. Harwood floors throughout the unit with lot of closets. Huge entry WIC for extra storage. Large living and dining area with a terrace that facing park area. Laundry room on each floor. Med South Condo amenities include: 24/7 concierge/security, tennis, pickleball, basketball and paddleball courts, and 2 pools, kids playground, full time management and maintenance staff. Gym is available for $15/month per resident over the age of 14. Parking is assigned $100 (garage)/$85/$75/$60 - (valet) depending on availability. Internet/cable by Spectrum or Verizon. Close to parks, schools, houses of worship, restaurants, shopping and ipic theatre, major highways and great access to NYC. Free shuttle bus to Columbia for employees stops across the street.

Key facts

• Huge entry wic
• Harwood floors
• Community pool

Tags

• LUXURY HIGH RISE CONDO
• HARWOOD FLOORS
• HUGE ENTRY WIC
• LARGE LIVING AND DINING AREA
• TERRACE FACING PARK AREA
• LAUNDRY ROOM ON EACH FLOOR

Property features AI

Finance

• Other: Pets not allowed
• HOA & community: Managed by First Svc Residential (contact: 201-947-1853); Maintenance fee includes heat, water, gas, hot water, and air conditioning; Building amenities: community room, doorman, elevator, exercise room, pool, tennis court, washer/dryer room

Exterior

• Parking: Other parking (see remarks)
• Security: Doorman; Building security
• Utilities: Heat included in maintenance; Water included in maintenance; Gas included in maintenance; Hot water included in maintenance; Air conditioning included in maintenance
• Home design: Condominium unit; Entry on level 1
• Construction: Lead paint disclosure: Yes
• Exterior features: Near shopping, bus, parks, and schools; Terrace

Interior

• Kitchen: One kitchen; Includes dishwasher, microwave, refrigerator, gas oven/range
• Bedrooms: 2 bedrooms (both on level 1)
• Flooring: Hardwood floors
• Bathrooms: 2 full bathrooms (both on level 1)
• Heating & cooling: Central A/C; Gas heating; Heat pump
• Interior features: Dishwasher; Microwave; Refrigerator; Gas oven/range; Terrace; Hardwood floor
• Laundry & utility: Washer/Dryer room available in building

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $425k.

Deal economics

• At list price, monthly cash flow is $-1k ($-14k/yr) — negative.
• To cash-flow at today's rent, offer at most $399k (6.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $357k (16.1% below list).
• Recommended offer: $357k (16.1% below list) — sets the bar for 1% rule.
• Cap rate 3.0% vs local median 1.5% in Fort Lee — 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 89/100 on livability (#2 in NJ, #139 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, employment A+; Watch: cost of living F.
• Fort Lee School District (suburban): math 46% / reading 63% proficiency, ranked #105 of 472 in NJ (top 22%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 12% free/reduced lunch — higher-income household profile.
• Zoned schools: School No. 2 (math 52% / reading 57%, grade C, #176 of 1,303 statewide, top 15%, 357 students, 15% FRL); Lewis F. Cole Middle School (math 43% / reading 64%, grade C+, #77 of 431 statewide, top 18%, 1,194 students, 16% FRL); Fort Lee High School (math 35% / reading 66%, grade D+, #101 of 399 statewide, top 26%, 1,160 students, 12% FRL) — zoned schools at 14% FRL track the district average.
• Market conditions: Rents flat; 207 active listings in the ZIP; 39 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).
• This rent runs 40% of the median local income ($107k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $13k 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 40 days — a 3% lower offer ($412k) 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.

Risks & watch-outs

• Watch-outs: HOA is 29% of rent.

Recommended offer $356,662 (16.1% 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 40 days. Have you received any prior offers? Is the seller open to a 16% concession, seller financing, or rate buy-down credit?
3. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 A-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: 0.84% ✗
• Cap rate: 3.01%
• Cash-on-cash: -11.74%
• DSCR: 0.48
• GRM: 9.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.95% rent growth · sell at horizon

5-year hold

• IRR: -41.1%
• Equity multiple: -0.26×
• Total profit: $-149,530
• Equity at exit: $63,369

10-year hold

• IRR: -90.1%
• Equity multiple: -1.11×
• Total profit: $-251,251
• Equity at exit: $36,746

Cash invested: $119,000 (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 07024

• Home prices YoY: -19.8%
• Rents YoY: 0.9%
• Active inventory: 207
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $3,567 high
• Mortgage (P&I): −$2,229
• Tax from tax record: −$558 /mo · $6,696/yr
• Insurance: −$177
• HOA est. from 1 same-building comp: −$1,018
• Vacancy / Maint / Mgmt: −$749
• Net cashflow: $-1,164

Break-even live

Break-even rent $5,040

Max offer price $219,339

Occupancy floor —

Sensitivity live

Price	-10% $-924	-5% $-1,044	+0% $-1,164	+5% $-1,284	+10% $-1,405
Rent	-10% $-1,446	-5% $-1,305	+0% $-1,164	+5% $-1,023	+10% $-882
Rate	-1.0pp $-950	-0.5pp $-1,056	base $-1,164	+0.5pp $-1,274	+1.0pp $-1,386

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: $106,250
• Closing costs: $12,750
• Reserves months: —
• Total cash needed: —

Rent comps 39 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
470 Main St Fort Lee, NJ	1.0–2.0	1.0–2.0	969	$3,895	$4.02	9d	4	0.15mi
2020 Hudson St Unit 1337 Fort Lee, NJ	2.0	2.0	1280	$3,748	$2.93	26d	1	0.32mi
2020 Hudson St Unit 8 Fort Lee, NJ	1.0	1.0	795	$3,295	$4.14	26d	1	0.32mi
2020 Hudson St Unit 646 Fort Lee, NJ	1.0	1.0	860	$2,898	$3.37	26d	1	0.32mi
2020 Hudson St Unit 1245 Fort Lee, NJ	1.0	1.0	795	$3,008	$3.78	26d	1	0.32mi
2020 Hudson St Unit 503 Fort Lee, NJ	1.0	1.0	1000	$3,058	$3.06	26d	1	0.32mi
2020 Hudson St Unit 564 Fort Lee, NJ	2.0	2.0	1280	$4,158	$3.25	26d	1	0.32mi
2030 Hudson St Fort Lee, NJ	3.0	1.0–2.5	1341	$6,183	$4.61	0d	1	0.32mi
2040 Hudson St Unit 403 Fort Lee, NJ	2.0	2.0	1202	$3,558	$2.96	26d	1	0.32mi
2040 Hudson St Unit 302 Fort Lee, NJ	1.0	1.0	790	$2,898	$3.67	26d	1	0.32mi
800 Park Ave Fort Lee, NJ	3.0	1.0–3.0	1122	$7,879	$7.02	0d	42	0.43mi
1685 Bergen Blvd Fort Lee, NJ	1.0–2.0	1.0–2.0	1056	$3,545	$3.36	3d	5	0.48mi
2050 Central Rd Fort Lee, NJ	1.0–2.0	1.0–2.0	1013	$5,167	$5.10	0d	11	0.49mi
2100 N Central Rd Fort Lee, NJ	2.0	1.0–2.0	699	$4,575	$6.55	0d	20	0.49mi
125 Irving St Leonia, NJ	2.0	1.0	900	$2,950	$3.28	26d	1	0.50mi
69 Main St Fort Lee, NJ	2.0	1.0–2.0	1126	$4,950	$4.39	26d	7	0.56mi
1435 10th St Fort Lee, NJ	2.0	2.0	1259	$4,221	$3.35	0d	2	0.59mi
100 Old Palisade Rd Fort Lee, NJ	1.0	1.0–1.5	970	$3,050	$3.14	9d	7	0.59mi
100 Old Palisade Rd Fort Lee, NJ	1.0	1.0–1.5	970	$3,100	$3.20	3d	6	0.59mi
7605 River Rd Unit 1228-2 Edgewater, NJ	2.0	2.0	1400	$4,386	$3.13	26d	1	0.63mi
7605 River Rd Unit 1130-2 Edgewater, NJ	2.0	2.5	1300	$4,276	$3.29	26d	1	0.63mi
7605 River Rd Unit 0802-02 Edgewater, NJ	2.0	2.0	1500	$5,120	$3.41	26d	1	0.63mi
1350 15th St Fort Lee, NJ	1.0–2.0	1.0–2.0	756	$3,275	$4.33	0d	3	0.70mi
900 Crest Ln Fort Lee, NJ	1.0–2.0	1.0–2.0	1097	$3,679	$3.35	0d	13	0.76mi
2329 Hudson Ter Unit E14 Fort Lee, NJ	2.0	1.0	800	$2,700	$3.38	23d	1	0.81mi
2335 Hudson Ter Unit D6 Fort Lee, NJ	2.0	1.0	800	$2,555	$3.19	8d	1	0.84mi
2329 Hudson Ter Fort Lee, NJ	1.0–2.0	1.0	750	$2,700	$3.60	26d	2	0.84mi
2329 Hudson Ter Fort Lee, NJ	1.0–2.0	1.0	800	$2,700	$3.38	15d	2	0.84mi
210 Broad Ave Unit 3B Leonia, NJ	1.0	1.0	700	$2,295	$3.28	9d	1	0.93mi
210 Broad Ave Unit 3B Leonia, NJ	1.0	1.0	800	$2,295	$2.87	26d	1	0.93mi
425 Broad Ave Unit A01 Leonia, NJ	1.0	1.0	775	$2,550	$3.29	0d	1	0.96mi
425 Broad Ave Unit B20 Leonia, NJ	1.0	1.0	775	$2,695	$3.48	26d	1	0.96mi
425 Broad Ave Unit B04 Leonia, NJ	1.0	1.0	770	$2,595	$3.37	26d	1	0.96mi
425 Broad Ave Unit B17 Leonia, NJ	1.0	1.0	775	$2,595	$3.35	4d	1	0.96mi
508 Broad Ave Palisades Park, NJ	1.0	1.0	650	$2,250	$3.46	3d	1	1.06mi
159 Fort Lee Rd Leonia, NJ	1.0–2.0	1.0	825	$2,890	$3.50	26d	3	1.14mi
1203 River Rd Unit 6E Edgewater, NJ	2.0	2.0	1200	$3,500	$2.92	26d	1	1.35mi
1203 River Rd Unit 9D Edgewater, NJ	1.0	1.0	880	$3,350	$3.81	26d	1	1.35mi
10 Henry Ave Palisades Park, NJ	1.0	1.0	850	$1,950	$2.29	17d	1	1.46mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Likely covers: internetcablepoolgymdoormansecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 12 events

1. 2026-06-13
   statusdays on market $425,000 Under Contract 40 DOM
2. 2026-06-09
   days on market $425,000 Active 39 DOM
3. 2026-06-08
   days on market $425,000 Active 38 DOM
4. 2026-06-07
   days on market $425,000 Active 37 DOM
5. 2026-06-04
   days on market $425,000 Active 34 DOM
6. 2026-06-03
   days on market $425,000 Active 33 DOM
7. 2026-06-02
   days on market $425,000 Active 32 DOM
8. 2026-06-01
   days on market $425,000 Active 31 DOM
9. 2026-05-31
   days on market $425,000 Active 30 DOM
10. 2026-05-21
    historical Active Under Contract - Attorney Review 846-char remark

    Show marketing remark (846 chars)

    Bright 2 bedrooms with 2 full bath in Luxury high rise condo building in the heart of Fort Lee. Harwood floors throughout the unit with lot of closets. Huge entry WIC for extra storage. Large living and dining area with a terrace that facing park area. Laundry room on each floor. Med South Condo amenities include: 24/7 concierge/security, tennis, pickleball, basketball and paddleball courts, and 2 pools, kids playground, full time management and maintenance staff. Gym is available for $15/month per resident over the age of 14. Parking is assigned $100 (garage)/$85/$75/$60 - (valet) depending on availability. Internet/cable by Spectrum or Verizon. Close to parks, schools, houses of worship, restaurants, shopping and ipic theatre, major highways and great access to NYC. Free shuttle bus to Columbia for employees stops across the street.

11. 2026-05-01
    listed $425,000 Active
12. 2026-04-15
    listed $425,000 Active 846-char remark

    Show marketing remark (846 chars)

    Bright 2 bedrooms with 2 full bath in Luxury high rise condo building in the heart of Fort Lee. Harwood floors throughout the unit with lot of closets. Huge entry WIC for extra storage. Large living and dining area with a terrace that facing park area. Laundry room on each floor. Med South Condo amenities include: 24/7 concierge/security, tennis, pickleball, basketball and paddleball courts, and 2 pools, kids playground, full time management and maintenance staff. Gym is available for $15/month per resident over the age of 14. Parking is assigned $100 (garage)/$85/$75/$60 - (valet) depending on availability. Internet/cable by Spectrum or Verizon. Close to parks, schools, houses of worship, restaurants, shopping and ipic theatre, major highways and great access to NYC. Free shuttle bus to Columbia for employees stops across the street.

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

Tax reassessment forecast NJ · Partial reset (capped growth)

• Current annual tax: $6,696 · $558/mo
• Projected year-2 tax: $8,639 · $720/mo
• Expected delta: +$1,943/yr (+$162/mo · 29.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $42,799
• − Mortgage interest: −$23,807
• − Property taxes: −$6,696
• − Insurance: −$2,125
• − Repairs & maintenance: −$3,424
• − Management: −$3,424
• − HOA: −$12,216
• − Depreciation: −$12,364
• Taxable loss: −$21,256
• Est. tax savings @ 24.0%: +$5,101
• After-tax cash flow: $-8,869/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: Fort Lee School District
• NCES district ID: 3405310
• Math proficiency: 46% ▼ -14.00%
• Reading proficiency: 63% ▼ -11.00%
• Median HH income: $71,442
• Composite: 48.5/100
• National rank: #2121
• State rank: #105 of 472 in NJ

Livability — Fort Lee

• Score: 89/100
• State rank: #2
• US rank: #139

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fort Lee, NJ
• County: Bergen County · 586,961 people
• City population: 40,024
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 40,024
• Household income: $107,396
• Rent vs Own: 44.5% rent · 55.5% own
• Severe rent burden: 1963.0

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 0.65)
• Race & ethnicity: Asian 44% White 38% Hispanic / Latino 12% Two or more races 9% Black 2%
• Hispanic origin (detail): Puerto Rican 2% Cuban 1% Dominican 4%
• Common ancestry: Scotch-Irish 5% Romanian 3% Scandinavian 1%
• Foreign-born: 50% · South Korea, China, Canada
• Languages at home: 39% English-only · Korean 21% Spanish 10% Chinese 9%

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: ▼ -61.44%
• Current HPI: 248.6123
• Rent YoY: ▲ 0.95%
• 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

+0.0% since first listed

3 events — show timeline

• 2026-05-21 Contingent — NJMLS
• 2026-05-01 Listed $425,000 HCMLS
• 2026-04-15 Listed $425,000 NJMLS

Property tax history

+2.0%/yr

Latest (2025): $6,696 · +3.6% YoY. Source: county tax records.