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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Residential income homes
159 Newark St 4B Hoboken, NJ 07030-3566
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-0706733
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1901
Total area
1,000 SF
Lot
0.1 ac (4,151 SF)
Zoning code
R-1
APN
05 00186-0000-00008-0000-C004B
UPID
US59-0706733
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
by Request
Comparable Approach
Comparable
$571k
Blend (final)
Blend
$590k
Owner & transaction history
Christopher J Cook · 5 yrs held
Christopher J Cook
since 2020
Last sale
$635,000
5 recorded transactions
Zoning & alternative use
R-1 · Hoboken, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$420,000
+64.2%
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 Hoboken submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hoboken 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
OFFICE BUILDING
$420,000
Change: +64% · Conversion: Moderate
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $635k (Sep 8 2020)
Last sale anchor
$635k
Sep 8 2020
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
$590 / 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
$8,202
Tax year 2022
Assessed value
$512,300
Assessed 2023
Previous assessed
$512,300
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$286,900
Assessed improvement
$225,400
Land market value
$286,900
Improvement market value
$225,400
Total market value
$512,300
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
1901
Heating
NONE
Units
1
Total area
1,000 SF
Lot
0.1 ac (4,151 SF)
Zoning code
R-1
APN
05 00186-0000-00008-0000-C004B
UPID
US59-0706733
Jurisdiction
HUDSON
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R-1 · Hoboken, NJ
Zoning R-1 · permitted uses
R-1 · Hoboken, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hoboken. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$420,000
OFFICE BUILDING
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
1901
Heating
NONE
Units
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Christopher J Cook
Individual
Mailing address
159 NEWARK ST APT 4B, HOBOKEN, NJ 07030-3566
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2020
$635,000
Christopher J Cook
Taejun Heo
Deed
$603,250 · Quicken Loans LLC
Aug 28, 2017
$675,000
Taejun Heo
Jeremy Richmond
Bargain And Sale Deed
$275,000 · Citibank NA
May 8, 2014
$549,000
Jeremy Richmond
Switaj,christopher D
Grant Deed
$439,200 · Jp Morgan Chase Bank NA
Mar 3, 2011
$463,000
Christopher D Switaj
Obrien,kenneth & Crystal
Grant Deed
$416,700 · Wells Fargo Bank
Oct 15, 2003
$320,000
Kenneth O'brien
Tucci,james
Grant Deed
$256,000 · Greenwich Home Mortgage
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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