Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Residential income homes
1059 Pompton Ave Cedar Grove, NJ 07009-1156
Entity Owned
8-yr Hold
Property ID
US59-1501906
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1964
Construction
BRICK
Lot
2.92 ac (127,195 SF)
Zoning code
R-MF
APN
04 00330-0000-00173
UPID
US59-1501906
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$920k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$920k
Owner & transaction history
Meadowbrook Gardens LLC · 8 yrs held
Meadowbrook Gardens LLC
since 2017
4 recorded transactions
Zoning & alternative use
R-MF · Cedar Grove, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this zone is to provide for integrated multifamily communities of garden apartments and townhouses
Zone name
Multifamily Residential District
General category
RESIDENTIAL
Zone area
78.29 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cedar Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cedar Grove submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$920,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$140,507
Tax year 2022
Assessed value
$5,480,000
Assessed 2023
Previous assessed
$5,480,000
+0.0% YoY
Effective rate
2.56%
On assessed value
Assessed land
$1,839,600
Assessed improvement
$3,640,400
Land market value
$1,839,600
Improvement market value
$3,640,400
Total market value
$5,480,000
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1964
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
2.92 ac (127,195 SF)
Zoning code
R-MF
APN
04 00330-0000-00173
UPID
US59-1501906
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
R-MF · Cedar Grove, NJZoning R-MF · permitted uses
R-MF · Cedar Grove, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this zone is to provide for integrated multifamily communities of garden apartments and townhouses
Zone name
Multifamily Residential District
General category
RESIDENTIAL
Zone area
78.29 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1964
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
2.92 ac
Current owner
From public records · entity-resolved
Meadowbrook Gardens LLC
Entity
Mailing address
316 EISENHOWER PKWY STE #201, LIVINGSTON, NJ 07039-1792
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2017
$12,150,000
Meadowbrook Gardens LLC
1059 Pompton Ave Corp
Deed
—
—
—
1059 Pompton Avenue Corp
—
Deed Of Trust
related
$5,100,000 · Customers Bank
—
—
1059 Pompton Avenue Corp
—
Deed Of Trust
related
$6,375,000 · Kearny Bk
—
—
1059 Pompton Avenue Corp
—
Deed Of Trust
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1059 Pompton Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
