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Property profile & analytics
OFF-MARKET
Estimated value
$8,000,000
Industrial properties
3 Reuten Dr Ste 4 Closter, NJ 07624-2125
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-1135503
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Total area
40,092 SF
Lot
3.17 ac (138,085 SF)
APN
07 01501-0000-00001
UPID
US59-1135503
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.00M
CAP Approach
CAP
$6.93M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.00M
Owner & transaction history
Eastcoast Brothers LLC · 1 yrs held
Eastcoast Brothers LLC
since 2024
Last sale
$8.0M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$13.2M
+46.7%
Commercial (general)
$11.7M
+30.7%
Office building
$9.7M
+7.9%
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 Closter submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Closter 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
$8,000,000
ML approach
$8,000,000
CAP Approach
CAP Return
Estimation
6%
$7,500,000
6.5%
$6,925,000
7%
$6,430,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$8,980,000
Current use
APARTMENT HOUSE (5+ UNITS)
$13,170,000
Change: +47% · Conversion: Difficult
COMMERCIAL (GENERAL)
$11,740,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$9,685,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$8.00M
Range $7.20M – $8.80M · ±10% · vs last sale $8.00M (Sep 4 2024)
Last sale anchor
$8.00M
Sep 4 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
$200 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$174,753
Tax year 2023
Assessed value
$8,150,800
Assessed 2024
Previous assessed
$8,150,800
+0.0% YoY
Effective rate
2.14%
On assessed value
Assessed land
$1,428,800
Assessed improvement
$6,722,000
Land market value
$1,428,800
Improvement market value
$6,722,000
Total market value
$8,150,800
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
NONE
Total area
40,092 SF
Lot
3.17 ac (138,085 SF)
APN
07 01501-0000-00001
UPID
US59-1135503
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
INDUSTRIAL (GENERAL) Current
Est. value
$9.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.2M
COMMERCIAL (GENERAL)
Est. value
$11.7M
OFFICE BUILDING
Est. value
$9.7M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
Heating
NONE
Lot
3.17 ac
Current owner
From public records · entity-resolved
Eastcoast Brothers LLC
Entity
Free & Clear · 1 yrs held
Mailing address
200 OLD PALISADE RD, FORT LEE, NJ 07024-7056
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Sep 4, 2024
$8,000,000
Eastcoast Brothers LLC
Reuten Associates
Deed
—
Feb 14, 2019
—
Reuten Associates LP
—
Deed
related
$11,000,000 · M & T Bank
—
—
Reuten Associates
—
Deed Of Trust
related
$7,300,000 · Nve Bank
—
—
Reuten Associates Nj
—
Deed Of Trust
related
$2,000,000 · Nve Bank
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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