New search
Property profile & analytics
OFF-MARKET
Office buildings
1600 Ctr Avel0m, Fort Lee, NJ 07024-4731
Individually Owned
19-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-1752261
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1975
Lot
1.14 ac (49,876 SF)
Zoning code
R7
APN
19 04153-0000-00017-0000-C0L0M
UPID
US59-1752261
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Habibollah Kermanshah · 19 yrs held
Habibollah Kermanshah
since 2006
7 recorded transactions
Zoning & alternative use
R7 · Fort Lee, NJ
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 Fort Lee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Lee 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$6,432
Tax year 2023
Assessed value
$260,000
Assessed 2024
Previous assessed
$260,000
+0.0% YoY
Effective rate
2.47%
On assessed value
Assessed land
$156,000
Assessed improvement
$104,000
Land market value
$156,000
Improvement market value
$104,000
Total market value
$260,000
Applied tax rate
19.0000
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1975
Heating
NONE
Lot
1.14 ac (49,876 SF)
Zoning code
R7
APN
19 04153-0000-00017-0000-C0L0M
UPID
US59-1752261
Jurisdiction
BERGEN
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7 · Fort Lee, NJ
Zoning R7 · permitted uses
R7 · Fort Lee, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Lee. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1975
Heating
NONE
Lot
1.14 ac
Current owner
From public records · entity-resolved
Habibollah Kermanshah
Individual
Free & Clear · 19 yrs held
Mailing address
11 CONNOR DR, ENGLEWOOD CLIFFS, NJ 07632-2104
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2006
$10
Habibollah Kermanshah
Kermanshah,habibollah
Quit Claim Deed
related
—
—
—
Mun Ok Lee
—
Deed Of Trust
related
$300,000 · Woori America Bank
—
—
Myung J Kim
—
Deed Of Trust
related
$60,600 · Fleet National Bank
—
—
Boris Eydinov
—
Deed Of Trust
related
$119,800 · World Savings
—
—
Beata Brooks
—
Deed Of Trust
related
$295,000 · Castle Point Mortgage INC
—
—
Ellen M Lewis
—
Deed Of Trust
related
$75,000 · Atlantic Stewardship Bank
—
—
Yi Yujae Keith
—
Deed Of Trust
related
$54,358 · Countrywide Home Loans INC
—
—
Veronica Sarangaya
—
Deed Of Trust
related
$165,000 · Pnc Bank
—
—
Nissim Djiji
—
Deed Of Trust
related
$250,000 · Wachovia Bank NA
—
—
Zhitkov Eugene
—
Deed Of Trust
related
$80,000 · J P Morgan Chase Bank
—
—
Dennis Chun
—
Deed Of Trust
related
$330,000 · Weichert Financial Services
—
—
Yubin Lee
—
Deed Of Trust
related
$250,000 · Bank Of America
—
—
Myung J Kem
—
Deed Of Trust
related
$155,000 · Countrywide Home Loans INC
—
—
Yujae Keith Yi
—
Deed Of Trust
related
$215,000 · New Century Mortgage
—
—
Margarita Millerman
—
Deed Of Trust
related
$25,000 · Ohio Savings Bank
—
—
Soon Y Juhng
—
Deed Of Trust
related
$135,000 · Bank Of America
—
—
Lawrence Cantwell
—
Deed Of Trust
related
$180,000 · Sovereign Bank
—
—
Nam Soo Cho
—
Deed Of Trust
related
$137,500 · Abn Amro Mortgage Group INC
—
—
Cleo Miaoulis
—
Deed Of Trust
related
$25,000 · Chase Manhattan Bank
—
—
Eisei Nakagaki
—
Deed Of Trust
related
$25,000 · J P Morgan Chase Bank
—
—
Margarita Millerman
—
Deed Of Trust
related
$240,000 · Ohio Savings Bank
—
—
Ashley Kahn
—
Deed Of Trust
related
$122,700 · Pnc Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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