Financial
Distress signals
Property profile

88 Smt Ave Summit, NJ 07901

OFF-MARKET
Other commercial real estate
Property ID
US59-1472068
7,268 SF 0.05 ac lot Built 1900
Last sale Feb 2025 · $7,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The Lincoln Building is a mixed-use property located in the central retail corridor of Downtown Summit. It is positioned near Route 24 and I-78 and is less than one block from the NJ Transit Summit Train Station, providing access via the Morris and Essex lines. The building contains approximately 4,040 square feet of space and includes a tenant rooftop deck. The space is configured for office use and the building has been fully renovated.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$40k
Tax billed · 2022
Assessed value · 2023$902k
Assessed land$85k
Assessed improvement$818k
Effective rate4.47%

Value estimate

· Sep 2026
$6.32M
$5.68M – $6.95M
AI approach$6.21M

Realmo valuation models over county records and 13 qualifying comparable sales.

Recently sold

What actually traded nearby?
$383/SF
ZIP average, outlier-cleaned · 38 recorded sales of this use type
Observed band · Q1–Q3$313 – $463
Qualifying comparables13

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CRBD
CRBD, complement and protect the adjacent residential neighborhoods, provide housing, including affordable housing, in proximity to publi...
General categoryMIXED_USE
JurisdictionUNION

Location intelligence

Which uses thrive at this corner?
Best fit: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store12.4
Smoke and Vape Shop12.3
Wholesale Shop11.7

Location

88 Smt Ave Summit, NJ 07901-3625
County assessor Recorded deeds · 4 transfers 13 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
97-99 Smt, Summit, NJ 07901-3614 $923,000 Feb 2026 5,300 SF
480 Morris, Summit, NJ 07901-1523 $3,800,000 May 2025 12,518 SF
23 Smt, Summit, NJ 07901 $2,500,000 Apr 2025 6,920 SF
96-98 Smt, Summit, NJ 07901 $1,195,000 Jul 2024 4,264 SF
353 Springfield, Summit, NJ 07901-4603 $2,850,000 Dec 2023 8,430 SF
490 Morris, Summit, NJ 07901-7500 $1,700,000 Jun 2023 5,041 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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