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Property profile & analytics
OFF-MARKET
Residential income homes
198-200 16th Ave 200 Paterson, NJ 07501-2315
Entity Owned
2-yr Hold
Property ID
US59-1976050
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Construction
FRAME
Total area
4,350 SF
Lot
0.11 ac (5,000 SF)
Zoning code
R-3
APN
08 04213-0000-00004
UPID
US59-1976050
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
Marin Realty LLC · 2 yrs held
Marin Realty LLC
since 2024
7 recorded transactions
Zoning & alternative use
R-3 · Paterson, 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 Paterson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Paterson 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 2022Property tax & assessments
Tax year 2022
Tax billed
$16,414
Tax year 2022
Assessed value
$353,600
Assessed 2023
Previous assessed
$353,600
+0.0% YoY
Effective rate
4.64%
On assessed value
Assessed land
$26,300
Assessed improvement
$327,300
Land market value
$26,300
Improvement market value
$327,300
Total market value
$353,600
Applied tax rate
8.0000
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
Construction
FRAME
Heating
NONE
Stories
2
Units
4
Total area
4,350 SF
Lot
0.11 ac (5,000 SF)
Zoning code
R-3
APN
08 04213-0000-00004
UPID
US59-1976050
Jurisdiction
PASSAIC
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R-3 · Paterson, NJ
Zoning R-3 · permitted uses
R-3 · Paterson, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Paterson. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Construction
FRAME
Heating
NONE
Stories
2
Units
4
Lot
0.11 ac
Current owner
From public records · entity-resolved
Marin Realty LLC
Entity
Mailing address
2003 46TH ST, ASTORIA, NY 11105-1211
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2024
$740,000
Marin Realty LLC
198 200 16th Ave LLC
Deed
$560,000 · Commercial Lender LLC
Sep 13, 2018
$282,430
198-200 16th Ave LLC
Deutsche Bk Natl 2007-2
Grant Deed
$270,500 · Planet Management Group LLC
Feb 2, 2005
$430,000
Kent Richardson
Tedesco,francesco
Grant Deed
$328,000 · Infinity Home Mortgage
Mar 16, 1990
$105,500
Victor Ortega
Unknown
Grant Deed
—
—
—
Kent Richardson
—
Deed Of Trust
related
$388,000 · Greenpoint Mortgage Funding
—
—
Kent Richardson
—
Deed Of Trust
related
$48,500 · Greenpoint Mortgage Funding
—
—
Maritza Sanchez
—
Deed Of Trust
related
$17,255 · Wachovia Bank NA
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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