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Property profile & analytics
OFF-MARKET Estimated value $18,040,000
Residential income homes

181 Riv Rd Nutley, NJ 07110-1904

1.72 ac lot Built 1962
Entity Owned 5-yr Hold
Property ID
US59-1852173
Property profile
Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1962
Lot 1.72 ac (74,923 SF)
Zoning code M-O
APN 16 06801-0000-00004
UPID US59-1852173
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
  • Westbank Apartments Apartment Building
  • King Of Filet Specialty Food Shop Butcher
  • Barkan Associates Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$16.12M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$18.04M
Owner & transaction history
River Gardens Nj LLC · 5 yrs held
River Gardens Nj LLC
since 2020
Last sale
$19.0M
3 recorded transactions
2020
$19.0M
2020
Price N/A
1969
Price N/A
Zoning & alternative use
M-O · Nutley, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Permitted uses in M-O Zoning District. § 700-22 Permitted uses in M-1 Zoning District. § 700-22.1 Permitted uses in M-2 Zoning District. § 700-7 Regulations applicable in all districts. A. No building shall hereafter be erected and no existing building shall be moved, altered, added to or enlarged, nor shall any land or building be used, designed or arranged…

Zone name Industry And Office Work
General category UNKNOWN
Zone area 77.64 ac
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