For SaleRisky Deal52 days on market
6 Vela Way
6 Vela Way, Edgewater, NJ 07020, Edgewater, NJ 07020
$1,650,000
Listing Price
6 Vela Way, Edgewater, NJ 07020
Loc: Edgewater, NJ
Days Listed
52
Tax Assessed
$1422k
Type
condo
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
N/A
George Washington School
PK-2
0.1 mi away
8
Eleanor Van Gelder Elementary School
3-6
1.4 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
luxury waterfront livingmulti-family residential complexcontemporary brick architectureterraced balconiesscenic river viewsevening ambient lightinglandscaped coastal groundsurban waterfront settingupscale condominium communitymulti-story residentialnighttime cityscapeprivate pedestrian walkways
Haven AI Verdict
Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
4.91%
Total ROI
65.6%
Cash Flow
$-1,806/mo
DSCR
0.79
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-1,806/mo net cash flow with a 4.9% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Edgewater, NJ
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-08-04 | Listed for sale | $1,650,000 | – |
| 2025-02-10 | Listing removed | $8,800 | – |
| 2024-12-26 | Listed for rent | $8,800 | – |
| 2024-11-25 | Listing removed | $8,800 | – |
| 2024-10-02 | Listed for rent | $8,800 | – |
| 2024-10-01 | Listing removed | $8,800 | – |
| 2024-09-30 | Listing removed | $1,750,000 | – |
| 2024-09-24 | Listed for rent | $8,800 | – |
| 2024-09-10 | Listed for sale | $1,750,000 | – |
| 2020-09-03 | Listing removed | $7,300 | – |
| 2020-05-24 | Listed for rent | $7,300 | – |
| 2019-01-03 | Listing removed | $7,995 | – |
| 2018-12-03 | Listed for rent | $7,995 | – |
| 2018-12-02 | Listing removed | $1,495,000 | – |
| 2018-06-02 | Listed for sale | $1,495,000 | – |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2015 | $21,643.52 | $1,272,400 |
| 2014 | $20,689.22 | $1,272,400 |
| 2013 | $19,925.78 | $1,272,400 |
| 2012 | $18,831.52 | $1,272,400 |
| 2011 | $19,564.48 | $1,272,400 |
| 2010 | $18,350.68 | $1,597,100 |
| 2009 | $17,456.3 | $1,597,100 |
| 2008 | $17,456.3 | $1,597,100 |
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