Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    335-37 No Oraton Pkwy, Unit 37 East Orange, NJ 07017-4588
    Back to Search
    Property profile & analytics

    335-37 No Oraton Pkwy, Unit 37, East Orange, NJ 07017-4588

    View on Map
    • Residential income homes
    • 7,710 SF
    • 0.31 lot acres
    Off-Market
    Property ID
    US59-0005030
    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.
    Value Estimations
    $1,335,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 335-37 No Oraton Pkwy

    Year built
    1933
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.31 lot acres
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    05 00280-0000-00001- 05
    APU
    50028000000000105

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 28, 2017 $710,000 335 N Oraton LLC Chula Real Estate Ptnrs Deed —
    Feb 27, 2013 $315,000 Chula Real Estate Partners LLC Noel,jacelin & Quetly Grant Deed —
    May 22, 2006 $675,000 Jacelin Noel Aronskind,ofer Grant Deed $540k · Popular Financial Services LLC
    Mar 29, 2004 $455,000 Ofer Aronskind Schaefer,raymond Grant Deed $300k · Astoria Federal Mortgage Corp

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $2,110,000
      Current use
      INDUSTRIAL (GENERAL)
      $1,740,000
      Change: -17% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    East Orange
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2031
    Latitude
    40.7688
    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
    $22,981
    $180,000
    $610,800
    $790,800
    -
    $180,000
    $610,800
    $790,800

    Comparable in this City

    • Value Estimation by Request
      1.02 Acres

      114 Arlington Ave

      APARTMENT HOUSE (UNDER 5 UNITS)
      114 Arlington Ave, East Orange, NJ 07017-4261
      View Details
    • Value Estimation
      $3,000,000
      12,763 SF

      73 Pkwy W Dr, Unit 103

      APARTMENT HOUSE (UNDER 5 UNITS)
      73 Pkwy W Dr, East Orange, NJ 07017-4592
      View Details
    • Value Estimation
      $5,795,000
      29,118 SF

      146 Grv St

      APARTMENT HOUSE (UNDER 5 UNITS)
      146 Grv St, East Orange, NJ 07017-4728
      View Details
    • Value Estimation
      $2,610,000
      24,459 SF

      234 18th St

      APARTMENT HOUSE (UNDER 5 UNITS)
      234 18th St, East Orange, NJ 07017-5355
      View Details
    • Value Estimation
      $2,415,000
      11,376 SF

      218 Walnut St

      APARTMENT HOUSE (UNDER 5 UNITS)
      218 Walnut St, East Orange, NJ 07017-3839
      View Details
    • Value Estimation
      $5,945,000
      22,416 SF

      209 William St

      APARTMENT HOUSE (UNDER 5 UNITS)
      209 William St, East Orange, NJ 07017-4348
      View Details

    Similar Nearby for Sale

    • $675,000

      Renovated Mixed-Use Building For Sale

      Renovated mixed-use building with retail and residential units in East Orange.
      101 Eaton Pl, East Orange, NJ 07017
      View Details
    • $5,174,000

      East Orange Multifamily Investment Opportunity

      41-unit apartment building in East Orange, near transit.
      129 N Walnut St, East Orange, NJ 07017
      View Details
    • Contact for pricing
      1,239 SF

      Mixed-Use Building in East Orange

      Mixed-use property with retail spaces and residential unit for sale.
      97 4Th Ave, East Orange, NJ 07017
      View Details
    • $4,299,000
      Pending

      East Orange Multifamily Investment Opportunity

      Well-maintained 26-unit building near transportation and redevelopment.
      481 William St, East Orange, NJ 07017
      View Details

    Similar Nearby for Lease

    • $3,200 /Mo

      New Construction Three-Bedroom Apartment

      New construction 3-bedroom, 2-bath apartment in East Orange.
      139 N 15Th St, East Orange, NJ 07017
      View Details
    • $1,800 /Mo

      East Orange Apartment for Rent

      Spacious 1-bedroom apartment near transit and amenities.
      112 Lincoln St, East Orange, NJ 07017
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    335-37 No Oraton Pkwy, Unit 37
    East Orange, NJ 07017-4588
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    335-37 No Oraton Pkwy, East Orange, NJ, 07017
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!