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Florham Park 07932
2 Northridge Dr
$1,150,000
● House - Off Market

2 Northridge Dr

Florham Park Boro, NJ 07932
bedrooms
3 Beds
bathrooms
2.1 Baths
$6,307
Est. Monthly
$660
HOA / Fees
2.75%
Cap Rate
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
$660
Year Built
2008

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (GSMLS #3911010)

Price History

Date / Event Date Event Price
Oct 15, 2024 Sold
Premium
Sold
Sep 24, 2024 In contract -
In contract
Sep 9, 2024 Price Change $1,150,000
Price Change

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 11
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 4,054
  • Building Area: 4,054
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 4,054
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORTHGATE
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Florham Park Borough School District
  • Census Tract: 042602

Zoning

  • Zoning: MFAR

Geography

  • District: 11
  • Parcel: 11 00301-0000-00001- 02
  • Block: 301
  • Lot: 1.02
  • Municipality: FLORHAM PARK BORO
  • Latitude: 40.7947
  • Longitude: -74.3748

    Address

  • Full Address: 2 Northridge Dr
  • Address - House Number: 2
  • Address - Street Name: Northridge
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Florham Park
  • Carrier Code: C036
  • 4-Digit Zip Code: 1500
  • Zip Code: 07932

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,184,438

    Appraisal Valuation

  • Standard Deviation: 0.1537
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 81
  • Final Value: 1,057,966
  • High Value: 1,220,622
  • Low Value: 895,311

    Market Valuation

  • Market Total Value: $784,670
  • Market Land Value: $264,662
  • Market Improvement Value: $520,008

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $741,200
  • Assessed Land Value: $250,000
  • Assessed Improvements Value: $491,200

    Sales

  • Current Sale Contract Date: Jan 19, 2010
  • Current Sale Recording Date: Jan 27, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 14
  • Current Sale Input Document Number: 2010006571

    Financing

  • First Mortgage Financing Type: FIX
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Florham Park

Stats & Trends

Median Asking:

$1,450,000

Sale Price/ft²

$395

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2018 ft²

Average Home Age

15.2 years

Currently For Sale

23 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 51 Okner, Livingston, NJ, 07039

$3,175 /mo

  • 1 Bed
  • 1 Bath
51 Okner, Livingston, NJ, 07039 Listing by Patricia Tribelhorn
Unit for rent at 38 Park Street, Florham Park Boro, 07932-1727

$3,500 /mo

  • 2 Beds
  • 3 Baths
38 Park Street #13D, Florham Park Boro, 07932-1727 Listing by ERIC JON MELNIKOFF

Rentals Near You

Click here to view more rentals in the neighborhood.
GSMLS

Last Updated: 3 years ago
Data Source: GSMLS, MLS# 3911010
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 2 Northridge Drive built and last sold?
The property at 2 Northridge Drive was built in 2008 and last sold on Jan 19, 2010 for $750,000.
How much is this home worth?
The estimated value of the home located at 2 Northridge Drive is $1,161,500.
What are some comparable homes to 2 Northridge Drive?
There are currently no comparable homes to 2 Northridge Drive.
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