Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$10,085,000
Industrial properties
107 19th Ave 121 Paterson, NJ 07513
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-1060437
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Construction
BRICK
Total area
63,465 SF
Lot
3.3 ac (143,748 SF)
Zoning code
I-1
APN
08 04006-0000-00001
UPID
US59-1060437
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
$10.04M
CAP Approach
CAP
$11.10M
Comparable Approach
Comparable
$9.04M
Blend (final)
Blend
$10.09M
Owner & transaction history
Paterson Industrial Owner LLC · 4 yrs held
Paterson Industrial Owner LLC
since 2022
Last sale
$10.0M
6 recorded transactions
Zoning & alternative use
I-1 · Paterson, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$13.3M
+13.9%
Office building
$11.7M
+0.0%
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 Paterson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Paterson 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
$10,290,000
ML approach
$10,040,000
CAP Approach
CAP Return
Estimation
6%
$12,025,000
6.5%
$11,100,000
7%
$10,310,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$11,685,000
Current use
COMMERCIAL (GENERAL)
$13,305,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$11,685,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$10.09M
Range $9.08M – $11.09M · ±10% · vs last sale $10.00M (Jun 27 2022)
Last sale anchor
$10.00M
Jun 27 2022
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
$159 / SF
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
$146,223
Tax year 2022
Assessed value
$3,150,000
Assessed 2023
Previous assessed
$3,150,000
+0.0% YoY
Effective rate
4.64%
On assessed value
Assessed land
$2,115,900
Assessed improvement
$1,034,100
Land market value
$2,115,900
Improvement market value
$1,034,100
Total market value
$3,150,000
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Construction
BRICK
Heating
NONE
Stories
2
Total area
63,465 SF
Lot
3.3 ac (143,748 SF)
Zoning code
I-1
APN
08 04006-0000-00001
UPID
US59-1060437
Jurisdiction
PASSAIC
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
I-1 · Paterson, NJ
Zoning I-1 · permitted uses
I-1 · Paterson, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Paterson. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$11.7M
COMMERCIAL (GENERAL)
Est. value
$13.3M
OFFICE BUILDING
Est. value
$11.7M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Construction
BRICK
Heating
NONE
Stories
2
Lot
3.3 ac
Current owner
From public records · entity-resolved
Paterson Industrial Owner LLC
Entity
Mailing address
2 SCHOOL ST, RYE, NY 10580-2925
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2022
$10,000,000
Paterson Industrial Owner LLC
Malex Associates LLC
Deed
$7,500,000 · Blue Foundry Bank
Nov 4, 2004
$1,610,000
Malex Associates LLC
845 Associates LLC
Grant Deed
—
—
—
Malex Associates LLC
—
Deed Of Trust
related
$2,000,000 · Enterprise National Bank
—
—
Malex Associates LLC
—
Deed Of Trust
related
$1,600,000 · Bank Of America
—
—
Malex Associates LLC
—
Deed Of Trust
related
$500,000 · Bank Of America
—
—
Malex Associates LLC
—
Deed Of Trust
related
$1,215,000 · Sb One Bk
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 107 19th Ave, Unit 121?
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.
