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Property profile & analytics
OFF-MARKET Estimated value $835,000
Office buildings

114 2nd St Ridgewood, NJ 07450

3,456 SF 0.32 ac lot Built 1908
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US59-2152946
Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1908
Total area 3,456 SF
Lot 0.32 ac (13,852 SF)
Zoning code T
APN 51 01505-0000-00002- 01
UPID US59-2152946
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
by Request
CAP Approach CAP
$870k
Comparable Approach Comparable
$965k
Blend (final) Blend
$835k
Owner & transaction history
Markally LLC · 6 yrs held
Markally LLC
since 2019
4 recorded transactions
2019
$1.1M
2009
$1.3M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
T · Ridgewood, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

T Transition District. A. Principal uses and structures. The following principal uses and structures shall be permitted: [Amended 2-8-2017 by Ord. No. 3579 ] (1) Business and professional offices. [Amended 6-12-2024 by Ord. No. 4002 ] (2) Residential uses and structures as permitted and regulated in the residential zone which is adjacent to the particular T…

Zone name Transition
General category MIXED_USE
Zone area 6.56 ac
Top alternative use upside
Commercial (general) $1.0M +21.2%
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