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Property profile & analytics
OFF-MARKET
Estimated value
$8,815,000
Residential income homes
148 Munn Ave East Orange, NJ 07018-2748
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-0074100
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1954
Total area
55,502 SF
Lot
0.89 ac (38,751 SF)
APN
05 00215-0000-00004
UPID
US59-0074100
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
-
Saidba Clothing Store
-
Takar Barbershop Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.82M
Owner & transaction history
New York Smsa Limited Partnership · 2 yrs held
New York Smsa Limited Partnership
since 2023
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 East Orange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Orange 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$12,535,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$8.82M
Range $7.93M – $9.70M · ±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
$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
$191,392
Tax year 2022
Assessed value
$6,586,100
Assessed 2023
Previous assessed
$6,586,100
+0.0% YoY
Effective rate
2.91%
On assessed value
Assessed land
$1,534,000
Assessed improvement
$5,052,100
Land market value
$1,534,000
Improvement market value
$5,052,100
Total market value
$6,586,100
Applied tax rate
5.0000
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
1954
Heating
NONE
Stories
4
Units
1
Total area
55,502 SF
Lot
0.89 ac (38,751 SF)
APN
05 00215-0000-00004
UPID
US59-0074100
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA 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
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$12.5M
INDUSTRIAL (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
1954
Heating
NONE
Stories
4
Units
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
New York Smsa Limited Partnership
Entity
Mailing address
148 S MUNN AVE STE #5, BASKING RIDGE, NJ
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2023
—
New York Smsa Limited Partnership
Ap Wireless Investments I LLC
Lease
—
Sep 8, 2011
—
Ld Holdings LLC
—
Deed Of Trust
related
$13,000,000 · Landmark Dividend Funding LP
Jul 22, 2010
$1,400,000
Golden Orange LLC
Dubrow,david
Grant Deed
—
Dec 17, 2004
$2,478,000
Fulton Towers LLC
Orange Six LLC
Grant Deed
—
—
—
Lmrk Propco 3 LLC
—
Deed Of Trust
related
$125,440,000 · Wilmington Nat'l Bk
—
—
Golden Orange LLC
—
Deed Of Trust
related
$2,250,000 · Spencer Savings Bank Sla
—
—
Golden Orange LLC
—
Deed Of Trust
related
$2,300,000 · Kearny Fsb
—
—
Ap Wireless Investments I LLC
—
Deed Of Trust
related
$115,000 · Deutsche Bk Tr Co Americas
—
—
Golden Orange LLC
—
Deed Of Trust
related
$4,000,000 · Northfield 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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