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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Commercial real estate
240 Market St Elmwood Park, NJ 07407-2062
Entity Owned
1-yr Hold
Free & Clear
Property ID
US59-1589377
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1947
Total area
4,792 SF
Lot
0.17 ac (7,501 SF)
Zoning code
CL
APN
11 01022-0000-00002
UPID
US59-1589377
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
-
Pyramid Cards & Gifts (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$795k
CAP Approach
CAP
$1.03M
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.02M
Owner & transaction history
Jivani Realty LLC · 1 yrs held
Jivani Realty LLC
since 2024
Last sale
$985,000
4 recorded transactions
Zoning & alternative use
CL · Elmwood Park, 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 Elmwood Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elmwood Park 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
$805,000
ML approach
$795,000
CAP Approach
CAP Return
Estimation
6%
$1,115,000
6.5%
$1,030,000
7%
$955,000
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±10% · vs last sale $985k (Sep 9 2024)
Last sale anchor
$985k
Sep 9 2024
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
$213 / 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
$19,042
Tax year 2022
Assessed value
$632,200
Assessed 2023
Previous assessed
$632,200
+0.0% YoY
Effective rate
3.01%
On assessed value
Assessed land
$378,000
Assessed improvement
$254,200
Land market value
$378,000
Improvement market value
$254,200
Total market value
$632,200
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1947
Heating
NONE
Total area
4,792 SF
Lot
0.17 ac (7,501 SF)
Zoning code
CL
APN
11 01022-0000-00002
UPID
US59-1589377
Jurisdiction
BERGEN
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
CL · Elmwood Park, NJ
Zoning CL · permitted uses
CL · Elmwood Park, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elmwood Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1947
Heating
NONE
Lot
0.17 ac
Current owner
From public records · entity-resolved
Jivani Realty LLC
Entity
Free & Clear · 1 yrs held
Mailing address
240 MARKET ST, ELMWOOD PARK, NJ 07407-2062
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2024
$985,000
Jivani Realty LLC
Gadhpur NA Gopinath LLC
Deed
—
Oct 21, 2020
$690,000
Gadhpur NA Gopinath LLC
La Min Realty LLC
Bargain And Sale Deed
$483,000 · Kearny Bank
Apr 14, 2009
—
La-min Realty LLC
Lucy Laterra
Grant Deed
related
—
Mar 29, 2006
$100
Angela Vomero
Laterra,lucy
Grant Deed
related
—
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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