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    240 Paterson Plank Rd Carlstadt, NJ 07072-2301
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    Property profile & analytics

    240 Paterson Plank Rd, Carlstadt, NJ 07072-2301

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    • Commercial real estate
    • 11,925 SF
    • 1.37 lot acres
    Off-Market
    Last Sale Oct 21, 2024
    $3,100,000
    Property ID
    US59-3200801
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $3,100,000
    Show details
    Cap Rate Potential
    5.4%
    Commercial real estate
    Location Intelligence

    Current Use by Public Records

    • ARRI Rental Truck / Auto Repair Shop

    Property Details for 240 Paterson Plank Rd

    Year built
    1950
    Construction
    CONCRETE BLOCKS
    Lot size
    1.37 lot acres
    Property type
    Commercial real estate
    APN
    05 00121-0000-00001- 02-HM
    APU
    050012100000000102HM

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 21, 2024 $3,100,000 Jni Holdings LLC 240 248 Paterson Plank Road Assc Ll Deed $2M · Velocity Commercial Capital LLC
    Jan 2, 2018 — 240-248 Paterson Plank Road As — Deed · related $1.4M · Lakeland Bk
    Sep 19, 2008 — Paterson Plank Rd Assn 240-248 240-248 Paterson Plank Rd Asso Quit Claim Deed · related —
    Sep 5, 2007 $600,000 240-248 Paterson Plank Road Mg Development Of Carlstadt Ll Grant Deed $480k · Oritani Savings Bank
    May 27, 2005 $2,000,000 Mg Development Of Carlstadt Ll Tramontozzi,anthony G Grant Deed —
    — — 240-248 Paterson Plank Road As — Deed Of Trust · related $1.4M · Lakeland Bk

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $3,100,000
      ML approach
      $3,100,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $2,775,000
      6.5%
      $2,560,000
      7%
      $2,375,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,091,000
      Market price range: $2.35M - $4.98M
    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,490,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $3,915,000
      Change: +12% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $3,000,000
      Change: -14% Conversion: Moderate
      OFFICE BUILDING
      $2,880,000
      Change: -17% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Carlstadt
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.0785
    Latitude
    40.8278
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $32,854
    $751,300
    $1,284,900
    $2,036,200
    -
    $751,300
    $1,284,900
    $2,036,200
    More about this property
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