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Property profile & analytics
OFF-MARKET
Estimated value
$1,665,000
Commercial real estate
25 Prospect Ave, Hackensack, NJ 07601-1960
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-0846086
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
BRICK
Total area
6,818 SF
Lot
0.54 ac (23,501 SF)
APN
23 00240- 01-00001- 04
UPID
US59-0846086
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
-
Justin Mendoza, DO, FAAPMR, FAANEM, CAQSM Physician
-
Mr. John Mendes Physician
-
Dayna Phillips, MD Pediatrician
-
Michael Wolfeld Physician Medical Clinic
-
Carissa Meyer, MD, FAAOS Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.67M
CAP Approach
CAP
$1.47M
Comparable Approach
Comparable
$2.03M
Blend (final)
Blend
$1.67M
Owner & transaction history
Alfred Sanzari Enterprises LP · 2 yrs held
Alfred Sanzari Enterprises LP
since 2024
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.2M
+50.2%
Office building
$1.6M
+10.4%
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 Hackensack submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hackensack 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
$1,665,000
ML approach
$1,665,000
CAP Approach
CAP Return
Estimation
6%
$1,585,000
6.5%
$1,465,000
7%
$1,360,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,490,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,240,000
Change: +50% · Conversion: Moderate
OFFICE BUILDING
$1,645,000
Change: +10% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,405,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$1.67M
Range $1.50M – $1.83M · ±10% · vs last sale $1.67M (May 21 2024)
Last sale anchor
$1.67M
May 21 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
$244 / 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
$70,000
Tax year 2022
Assessed value
$2,613,600
Assessed 2023
Previous assessed
$2,613,600
+0.0% YoY
Effective rate
2.68%
On assessed value
Assessed land
$259,600
Assessed improvement
$2,354,000
Land market value
$259,600
Improvement market value
$2,354,000
Total market value
$2,613,600
Applied tax rate
23.0000
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
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Total area
6,818 SF
Lot
0.54 ac (23,501 SF)
APN
23 00240- 01-00001- 04
UPID
US59-0846086
Jurisdiction
BERGEN
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
OFFICE BUILDING
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Alfred Sanzari Enterprises LP
Entity
Mailing address
25 PROSPECT AVE, HACKENSACK, NJ 07601-1960
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2024
$1,665,000
Alfred Sanzari Enterprises LP
25 Prospect Medical Center LLC
Deed
—
Feb 20, 2019
—
25 Prospect Medical Center LLC
—
Deed
related
$250,000 · Connectone Bk
Mar 20, 2018
—
25 Prospect Medical Center LLC
—
Deed
related
$1,784,000 · Connectone Bk
Oct 22, 2010
$1,447,000
25 Prospect Medical Center LLC
Prospect Medical Center
Grant Deed
$1,425,000 · Capital One
—
—
25 Prospect Medical Center LLC
—
Deed Of Trust
related
$250,000 · Connectone Bk
—
—
Prospect Medical Center
—
Deed Of Trust
related
$1,650,000 · Lakeland Bank
—
—
25 Prospect Medical Center LLC
—
Deed Of Trust
related
$1,665,000 · Connectone Bank
—
—
25 Prospect Medical Center LLC
—
Deed Of Trust
related
$1,784,000 · Connectone 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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