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Property profile & analytics
OFF-MARKET
Estimated value
$6,615,000
Industrial properties
335 Cortlandt St 353 Belleville, NJ 07109-3201
Entity Owned
13-yr Hold
Free & Clear
Property ID
US59-0931804
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1894
Construction
BRICK
Total area
65,790 SF
Lot
1.35 ac (58,723 SF)
APN
01 08802-0000-00002
UPID
US59-0931804
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
-
Global Music Magazine Publishing House
-
ACTIVATED STUDIOS Hotel & Motel Resort
-
The Guu Recording Studio
-
Last Latin Records Recording Studio
-
ULTRASOUND STUDIOS LLC Recording Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.62M
Owner & transaction history
Charlie Defranza & Sons LLC · 13 yrs held
Charlie Defranza & Sons LLC
since 2013
4 recorded transactions
Zoning & alternative use
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 Belleville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belleville 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$101 / 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
$97,627
Tax year 2022
Assessed value
$2,535,100
Assessed 2023
Previous assessed
$2,535,100
+0.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$954,800
Assessed improvement
$1,580,300
Land market value
$954,800
Improvement market value
$1,580,300
Total market value
$2,535,100
Applied tax rate
1.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1894
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Total area
65,790 SF
Lot
1.35 ac (58,723 SF)
APN
01 08802-0000-00002
UPID
US59-0931804
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA 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
Building & site characteristics
From public records
Year built
1894
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
1.35 ac
Current owner
From public records · entity-resolved
Charlie Defranza & Sons LLC
Entity
Free & Clear · 13 yrs held
Mailing address
577 3RD ST, NEWARK, NJ 07107-2620
Ownership since
2013
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
Jan 5, 2022
—
Charlie Defranza & Sons LLC
—
Deed
related
$1,050,000 · Columbia Bank
Jul 3, 2013
$1,550,000
Charlie Defranza & Sons LLC
Cooper Real Estate M
Grant Deed
—
Feb 20, 2008
$3,850,000
Belleville Rem LLC
Skyller Associates LLC
Grant Deed
$3,360,000 · Pnc Bank
—
—
Skyller Associates LLC
—
Deed Of Trust
related
$100,000 · Woori America 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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