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Property profile & analytics
OFF-MARKET
Estimated value
$3,445,000
Office Spaces
212 Washington St 8001 Jersey City, NJ 07302-4567
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-0116568
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Construction
FRAME
Total area
805 SF
Lot
0.11 ac (5,000 SF)
APN
06 14402-0000-00001-0000-C8001
UPID
US59-0116568
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
-
Satis Bistro Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.45M
Owner & transaction history
212 Washington Comm LLC · 4 yrs held
212 Washington Comm LLC
since 2022
Last sale
$3.2M
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 Jersey City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jersey City 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
$3,670,000
ML approach
$3,715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.45M
Range $3.10M – $3.79M · ±10% · vs last sale $3.20M (Jan 13 2022)
Last sale anchor
$3.20M
Jan 13 2022
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
$4,280 / 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
$13,356
Tax year 2022
Assessed value
$630,600
Assessed 2023
Previous assessed
$630,600
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$227,600
Assessed improvement
$403,000
Land market value
$227,600
Improvement market value
$403,000
Total market value
$630,600
Applied tax rate
6.0000
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Construction
FRAME
Heating
NONE
Stories
3
Units
5
Total area
805 SF
Lot
0.11 ac (5,000 SF)
APN
06 14402-0000-00001-0000-C8001
UPID
US59-0116568
Jurisdiction
HUDSON
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ 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
Construction
FRAME
Heating
NONE
Stories
3
Units
5
Lot
0.11 ac
Current owner
From public records · entity-resolved
212 Washington Comm LLC
Entity
Mailing address
212 WASHINGTON STC1, JERSEY CITY, NJ 07302-4567
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Jan 13, 2022
$3,200,000
212 Washington Comm LLC
Waterfront Development Partners LLC
Deed
—
Aug 20, 2010
—
Waterfront Dev Partners LLC
Washington Sussex LLC
Grant Deed
$525,000 · Nve Bk
Jul 10, 2008
—
Historic Development Partners
—
Trustees Deed
related
$750,000 · Bcb Cmnty Bk
Jul 10, 2007
$150,000
Washington Sussex LLC
212 Washington LLC
Grant Deed
$720,000 · Paf Capital LLC Paf Capital LLC
May 17, 2005
$1,500,000
212 Washington LLC
Trio Development Company Gp
Grant Deed
$1,050,000 · Bayonne Cmnty Bk
—
—
Waterfront Dev Partners LLC
—
Deed Of Trust
related
$525,000 · Provident Bk
—
—
Waterfront Dev Partners LLC
—
Deed Of Trust
related
$1,450,000 · Haven Svgs Bk
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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