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Property profile & analytics
OFF-MARKET
Estimated value
$9,575,000
Residential income homes
174 Grv St East Orange, NJ 07017-4436
Entity Owned
18-yr Hold
Property ID
US59-3131083
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1905
Construction
WOOD
Total area
70,962 SF
Lot
0.78 ac (34,020 SF)
APN
05 00160-0000-00032
UPID
US59-3131083
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
$9.58M
Owner & transaction history
174 North Grove Street LLC · 18 yrs held
174 North Grove Street LLC
since 2008
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$135 / 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
$150,885
Tax year 2022
Assessed value
$5,192,200
Assessed 2023
Previous assessed
$5,192,200
+0.0% YoY
Effective rate
2.91%
On assessed value
Assessed land
$1,170,000
Assessed improvement
$4,022,200
Land market value
$1,170,000
Improvement market value
$4,022,200
Total market value
$5,192,200
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
1905
Construction
WOOD
Heating
NONE
Stories
4
Units
1
Total area
70,962 SF
Lot
0.78 ac (34,020 SF)
APN
05 00160-0000-00032
UPID
US59-3131083
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
Building & site characteristics
From public records
Year built
1905
Construction
WOOD
Heating
NONE
Stories
4
Units
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
174 North Grove Street LLC
Entity
Mailing address
580 LUDLOW AVE, CRANFORD, NJ 07016-3232
Ownership since
2008
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
Feb 28, 2017
—
174 North Grove Street LLC
—
Grant Deed
related
$3,900,000 · Boiling Sprgs Svgs Bk
Oct 3, 2011
—
88 Ashland Avenue LLC
—
Deed Of Trust
related
$4,240,090 · Investors Bank & Trust
Nov 30, 2009
—
88 Ashland Avenue LLC
—
Deed Of Trust
related
$5,000,000 · Investors Savings Bank Fsb
May 14, 2009
—
88 Ashland Avenue LLC
—
Deed Of Trust
related
$5,000,000 · Investors Savings Bank Fsb
Jul 7, 2008
$3,725,000
174 North Grove Street LLC
Aja Realty LLC
Bargain And Sale Deed
$3,000,000 · Investors Savings Bank
Jul 25, 2007
$3,525,000
Aja Realty LLC
Ajj Family Group LP
Bargain And Sale Deed
$2,397,000 · Washington Mutual Bank
—
—
174 North Grove Street LLC
—
Deed Of Trust
related
$3,952,500 · Oritani Bk
—
—
Ajj
—
Deed Of Trust
related
$2,250,000 · New York Community 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.
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