241 Rivervale Rd River Vale, NJ 07675-6228
A Residence District. [Amended 2-4-1972 by Ord. No. 0-6-72 ] In the A Residence District, no building shall be used and no building shall be erected or altered which is arranged, intended or designed to be used, and no land shall be used, except for one or more of the following uses: A. A single dwelling, whether attached or detached, used as a residence by…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
A · River Vale, NJA Residence District. [Amended 2-4-1972 by Ord. No. 0-6-72 ] In the A Residence District, no building shall be used and no building shall be erected or altered which is arranged, intended or designed to be used, and no land shall be used, except for one or more of the following uses: A. A single dwelling, whether attached or detached, used as a residence by not more than two persons or by one family. For purposes of this article, a "family" is defined as more than two persons living together as a single nonprofit housekeeping unit, whose relationship is of a permanent and domestic character, as distinguished from groups of persons or associations, such as but not limited to fraternities, sororities, dormitories, clubs or group homes. Nothing herein contained shall be construed to prohibit the placement of persons in group homes pursuant to N.J.S.A. 40:55D-66 et seq. [Amended 2-18-1982 by Ord. No. 0-2-82 ] B. A private garage or other accessory building customarily incidental to any use permitted by this section, provided that such accessory building shall be on the same plot with the building to which it is accessory, and also provided that such accessory building shall not be used for residence purposes. C. A church or other place of worship or a parish house. D. Public school under the administration of the Board of Education of the Township of River Vale. E. Free public library, free public museum, free public art gallery, public park or public recreation ground maintained and operated by the Township of River Vale and any other municipal building or use. F. Reservoir or water supply reservation. G. The office or studio of a physician, surgeon, dentist, lawyer, artist, architect, engineer, musician, accountant, real estate and/or insurance broker or agent residing on the premises, provided that said building containing said office and/or studio is located only on a county road, and provided further that not more than three employees or assistants are engaged in connection with such use on the premises, and provided further that there is no display of goods or advertising on the premises other than a professional nameplate not to exceed 10 inches in height and 18 inches in length, and provided further that in the office or studio of an artist or musician the sale or display of goods is not permitted. [Amended 6-12-1975 by Ord. No. 0-10-75 ; 5-31-1979 by Ord. No. 0-18-79 ] H. Golf courses. Golf courses shall be permitted if on not less than 164 acres of contiguous or adjoining land. However no elevated or multitiered driving range is permitted.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.