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    Property profile & analytics

    262 Merritt Ave Bergenfield, NJ 07621-1463

    • Residential income homes
    • 2,783 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimation
    $335,000
    Location Intelligence
    Property ID
    US59-2999981
    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.

    Current Use by Public Records

    • The Queen Cleaning Company / Cleaners

    Property Details for 262 Merritt Ave

    Year built
    1910
    Construction
    FRAME
    Lot size
    0.12 lot acres
    Property size
    2,783 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    03 00042-0000-00010
    APU
    300042000000010

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $350,000

    • CAP approach

      CAP return
      Estimation
      6%
      $300,000
      6.5%
      $290,000
      7%
      $280,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $255,000
      Geo Method
      $330,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $285,000
      Retail
      $330,000
      Mixed-Use
      $360,000
      Hospitality
      $295,000
      Educational
      $270,000
      Residential Income
      $335,000
      Energy
      $315,000
      Income-Based Land
      $305,000
      Food Service
      $320,000

    Location Insight

    • Map
    • Local Demand
    City
    Bergenfield
    County
    Bergen
    State
    New Jersey
    Longitude
    -73.9832
    Latitude
    40.9349
    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
    $14,150
    $171,800
    $249,700
    $421,500
    -
    $171,800
    $249,700
    $421,500

    Comparable in this City

    • Value Estimation
      $375,000
      3,168 SF

      37-39 De Mott Ave, Unit 39

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,168 SF
      37-39 De Mott Ave, Bergenfield, NJ 07621-1722
      View Details
    • Value Estimation
      $345,000
      1,294 SF

      10-12 Tyson Pl, Unit 12

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,294 SF
      10-12 Tyson Pl, Bergenfield, NJ 07621-1627
      View Details
    • Value Estimation
      $765,000
      2,440 SF

      215 Hickory Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,440 SF
      215 Hickory Ave, Bergenfield, NJ 07621-1844
      View Details
    • Value Estimation
      $3,630,000
      1,703 SF

      21 Church St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,703 SF
      21 Church St, Bergenfield, NJ 07621-1703
      View Details
    • Value Estimation
      $540,000
      3,000 SF

      126 Clinton Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,000 SF
      126 Clinton Ave, Bergenfield, NJ 07621-2756
      View Details
    • Value Estimation
      $310,000
      1,160 SF

      158 2nd St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,160 SF
      158 2nd St, Bergenfield, NJ 07621-1372
      View Details

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    Similar Nearby for Lease

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      Updated 3BR apartment with modern amenities, available in December.
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    • $1,200 /Mo

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      Well-maintained office space with utilities included and parking.
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    • $10 SF/Yr
      4,500 SF

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      4,500 SF retail space available for lease.
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      View Details
    • $3,000 /Mo

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      Office space with multiple rooms, sinks, and ample parking.
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      View Details
    • $2,500 /Mo

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      Professional office in Bergenfield with parking and customization options.
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      View Details
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    262 Merritt Ave
    Bergenfield, NJ 07621-1463
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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