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Property profile & analytics
OFF-MARKET
Estimated value
$1,080,000
Office Spaces
136 Newark Ave 8001 Jersey City, NJ 07302-5826
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US59-1166717
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Construction
BRICK
Total area
3,176 SF
Lot
0.07 ac (3,067 SF)
APN
06 11404-0000-00022-0000-C8001
UPID
US59-1166717
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
Current use
Occupant on record · Public records
-
Red Lounge Nightclub DJ & Entertainment
-
Bricklane Curry House, Jersey City, NJ. Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$745k
Comparable Approach
Comparable
$1.42M
Blend (final)
Blend
$1.08M
Owner & transaction history
Tranquil Properties II LLC · 7 yrs held
Tranquil Properties II LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Jersey City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jersey City 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
by Request
CAP Approach
CAP Return
Estimation
6%
$805,000
6.5%
$745,000
7%
$690,000
Blend value · Realmo final
$1.08M
Range $972k – $1.19M · ±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
$340 / 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
$26,625
Tax year 2022
Assessed value
$1,257,100
Assessed 2023
Previous assessed
$1,257,100
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$635,200
Assessed improvement
$621,900
Land market value
$635,200
Improvement market value
$621,900
Total market value
$1,257,100
Applied tax rate
6.0000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Construction
BRICK
Heating
NONE
Stories
4
Total area
3,176 SF
Lot
0.07 ac (3,067 SF)
APN
06 11404-0000-00022-0000-C8001
UPID
US59-1166717
Jurisdiction
HUDSON
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Construction
BRICK
Heating
NONE
Stories
4
Lot
0.07 ac
Current owner
From public records · entity-resolved
Tranquil Properties II LLC
Entity
Mailing address
136 NEWARK AVE, JERSEY CITY, NJ 07302-5826
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2018
$2,950,000
Tranquil Properties II LLC
136 Newark Avenue LLC
Grant Deed
$2,065,000 · Valley Nat'l Bk
Jul 15, 2014
$950,000
136 Newark Ave LLC
Ksjc LLC
Grant Deed
$712,500 · Community Bk/bergen
Sep 9, 2008
—
Ksjc LLC
—
Trustees Deed
related
$50,000 · Hemmingway LLC
Jun 28, 2007
$790,000
Ksjc LLC
Hemmingway LLC
Grant Deed
—
Mar 18, 2004
$1,300,000
Hemmingway LLC
Owner Name Unavailable
Grant Deed
related
—
—
—
Kovacs,john & Tanya
—
Deed Of Trust
related
$45,000 · Capital One Hm Lns
—
—
Ksjc LLC
—
Deed Of Trust
related
$100,000 · Bruno & Chiconelli 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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