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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Office buildings
331 Grand St Ste 1 Hoboken, NJ 07030-2719
Individually Owned
18-yr Hold
Free & Clear
Property ID
US59-1454577
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1908
Total area
2,351 SF
Lot
0.05 ac (2,351 SF)
Zoning code
R-2
APN
05 00052-0000-00017-0000-C0001
UPID
US59-1454577
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
$400k
CAP Approach
CAP
$590k
Comparable Approach
Comparable
$746k
Blend (final)
Blend
$575k
Owner & transaction history
Emanuel Cervelli · 18 yrs held
Emanuel Cervelli
since 2007
7 recorded transactions
Zoning & alternative use
R-2 · Hoboken, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Hoboken submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hoboken 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
by Request
ML approach
$400,000
CAP Approach
CAP Return
Estimation
6%
$640,000
6.5%
$590,000
7%
$550,000
Blend value · Realmo final
$575k
Range $518k – $633k · ±10%
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
$245 / 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
$11,007
Tax year 2022
Assessed value
$682,000
Assessed 2023
Previous assessed
$682,000
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$389,900
Assessed improvement
$292,100
Land market value
$389,900
Improvement market value
$292,100
Total market value
$682,000
Applied tax rate
5.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1908
Heating
NONE
Stories
4
Total area
2,351 SF
Lot
0.05 ac (2,351 SF)
Zoning code
R-2
APN
05 00052-0000-00017-0000-C0001
UPID
US59-1454577
Jurisdiction
HUDSON
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R-2 · Hoboken, NJ
Zoning R-2 · permitted uses
R-2 · Hoboken, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hoboken. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1908
Heating
NONE
Stories
4
Lot
0.05 ac
Current owner
From public records · entity-resolved
Emanuel Cervelli
Individual
Free & Clear · 18 yrs held
Mailing address
15 LILLINE LN, UPPER SADDLE RIVER, NJ 07458-1819
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
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
Sep 10, 2007
$490,000
Emanuel Cervelli
331 Grand Street Associates Ll
Grant Deed
—
Nov 13, 2006
$375,000
Rachael Beesley
331 Grand Street Associates Ll
Grant Deed
$300,000 · J P Morgan Chase Bank
Oct 13, 2006
$263,000
Michael Alfonso
331 Grand St Assoc LLC
Grant Deed
$210,400 · Columbia Bank
Mar 30, 2005
$1,200,000
331 Grand St Assoc LLC
Aloi Family Ventures LLC
Grant Deed
$960,000 · Bayonne Community Bank
Sep 12, 2001
—
Aloi Family Ventures LLC
Aloi,janet
Quit Claim Deed
related
—
Sep 12, 2001
$272,500
Aloi Family Ventures LLC
Zitani,alfred
Grant Deed
$375,000 · First Union National Bank
—
—
Aloi Family Ventures LLC
—
Deed Of Trust
related
$375,000 · Wachovia Bank NA
—
—
331 Grand St Associates LLC
—
Deed Of Trust
related
$50,000 · Bayonne Community 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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