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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Residential income homes
1114 7th St North Bergen, NJ 07047-1741
Entity Owned
4-yr Hold
Property ID
US59-2072258
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1900
Construction
FRAME
Total area
3,741 SF
Lot
0.06 ac (2,500 SF)
Zoning code
R1
APN
08 00015-0000-00044
UPID
US59-2072258
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
$955k
CAP Approach
CAP
$965k
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$920k
Owner & transaction history
Nb Views LLC · 4 yrs held
Nb Views LLC
since 2022
Last sale
$799,000
7 recorded transactions
Zoning & alternative use
R1 · North Bergen, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+13.6%
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 North Bergen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Bergen 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
$915,000
ML approach
$955,000
CAP Approach
CAP Return
Estimation
6%
$1,045,000
6.5%
$965,000
7%
$895,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$955,000
Current use
COMMERCIAL (GENERAL)
$1,085,000
Change: +14% · Conversion: Moderate
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10% · vs last sale $799k (Mar 8 2022)
Last sale anchor
$799k
Mar 8 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
$246 / 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
$11,369
Tax year 2022
Assessed value
$720,000
Assessed 2023
Previous assessed
$720,000
+0.0% YoY
Effective rate
1.58%
On assessed value
Assessed land
$250,000
Assessed improvement
$470,000
Land market value
$250,000
Improvement market value
$470,000
Total market value
$720,000
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
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
1900
Construction
FRAME
Heating
NONE
Stories
3
Units
6
Total area
3,741 SF
Lot
0.06 ac (2,500 SF)
Zoning code
R1
APN
08 00015-0000-00044
UPID
US59-2072258
Jurisdiction
HUDSON
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R1 · North Bergen, NJ
Zoning R1 · permitted uses
R1 · North Bergen, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Bergen. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$955,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
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
Year built
1900
Construction
FRAME
Heating
NONE
Stories
3
Units
6
Lot
0.06 ac
Current owner
From public records · entity-resolved
Nb Views LLC
Entity
Mailing address
8619 GRAND AVE, NORTH BERGEN, NJ 07047-4336
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2022
$799,000
Nb Views LLC
Colliers International Nj LLC
Quit Claim Arm's Length For Ne States
$599,250 · Finance Of America Mortgage LLC
Apr 26, 2018
$875,000
North Bergen Ventures LLC
Wkgc LLC
Grant Deed
$600,000 · Privcap Fndg
Oct 4, 2016
—
Wkgc LLC
Koestner F William JR
Grant Deed
related
—
Oct 12, 2010
$205,000
F William Koestner JR.
1112-1114 7th St LLC
Grant Deed
—
Feb 2, 2006
$265,000
1112-1114 7th Street LLC
Carhuaz,benito
Grant Deed
—
Feb 2, 2006
$50,000
Benito Carhuaz
Carhuaz,benito & Madeline
Grant Deed
related
—
—
—
1112-1114 7th St LLC
—
Deed Of Trust
related
$615,500 · Nve Bank
—
—
North Bergen Ventures LLC
—
Deed Of Trust
related
$675,000 · Nexus Cap Invs LLC
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.
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