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Property profile & analytics
OFF-MARKET
Estimated value
$1,970,000
Residential income homes
124 74th St North Bergen, NJ 07047-5857
Entity Owned
2-yr Hold
Property ID
US59-3053731
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1930
Construction
BRICK
Total area
8,571 SF
Lot
0.09 ac (3,800 SF)
Zoning code
R1
APN
08 00304-0000-00021
UPID
US59-3053731
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
$2.04M
CAP Approach
CAP
$2.21M
Comparable Approach
Comparable
$2.23M
Blend (final)
Blend
$1.97M
Owner & transaction history
124 74th Apts LLC · 2 yrs held
124 74th Apts LLC
since 2023
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
R1 · North Bergen, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.5M
+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
$2,005,000
ML approach
$2,040,000
CAP Approach
CAP Return
Estimation
6%
$2,390,000
6.5%
$2,205,000
7%
$2,050,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,185,000
Current use
COMMERCIAL (GENERAL)
$2,485,000
Change: +14% · Conversion: Moderate
Blend value · Realmo final
$1.97M
Range $1.77M – $2.17M · ±10% · vs last sale $1.67M (Oct 20 2023)
Last sale anchor
$1.67M
Oct 20 2023
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
$230 / 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
$23,164
Tax year 2022
Assessed value
$1,467,000
Assessed 2023
Previous assessed
$1,467,000
+0.0% YoY
Effective rate
1.58%
On assessed value
Assessed land
$691,000
Assessed improvement
$776,000
Land market value
$691,000
Improvement market value
$776,000
Total market value
$1,467,000
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
1930
Construction
BRICK
Heating
NONE
Stories
2
Units
9
Total area
8,571 SF
Lot
0.09 ac (3,800 SF)
Zoning code
R1
APN
08 00304-0000-00021
UPID
US59-3053731
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
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.5M
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
1930
Construction
BRICK
Heating
NONE
Stories
2
Units
9
Lot
0.09 ac
Current owner
From public records · entity-resolved
124 74th Apts LLC
Entity
Mailing address
35 ADAMS ST, LAKEWOOD, NJ 08701-2304
Ownership since
2023
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
Oct 20, 2023
$1,671,560
124 74th Apts LLC
Apple Blossom Holdings 1 LLC
Deed
$1,157,000 · Lument Real Estate Capital LLC
Mar 9, 2018
$1,313,000
Apple Blossom Holdings 1 LLC
118-124 74th Street LLC
Trustees Deed
related
$165,000,000 · Tpg Re Fin 2 Ltd
Mar 9, 2018
—
Behr2 LLC
118-124 74th Street LLC
Grant Deed
related
—
Jan 28, 2009
$2,000,000
118-124 7th Street LLC
Mtsh Realty LLC
Grant Deed
—
Jun 1, 2005
$633,333
Mtsh Realty LLC
Rcg-ua 74th St LLC
Grant Deed
—
Jan 30, 2001
$250,000
Rcg-ua 74th Street LLC
Ibrahim V Patel Trustee
Grant Deed
—
—
—
118-124 74th St LLC
—
Deed Of Trust
related
$3,150,000 · Customers Bk
—
—
118-124 74th St LLC
—
Deed Of Trust
related
$3,150,000 · Customers 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.
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