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Property profile & analytics
OFF-MARKET
Estimated value
$1,090,000
Residential income homes
362 Washington St 390, Phillipsburg, NJ 08865-2937
Entity Owned
5-yr Hold
Property ID
US59-0567434
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Construction
BRICK
Lot
0.61 ac (26,572 SF)
Zoning code
R-50
APN
19 01411-0000-00025
UPID
US59-0567434
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
$1.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.09M
Owner & transaction history
362 Washington Holdings LLC · 5 yrs held
362 Washington Holdings LLC
since 2021
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
R-50 · Phillipsburg, 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 Phillipsburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Phillipsburg 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
$1,180,000
ML approach
$1,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.09M
Range $981k – $1.20M · ±10% · vs last sale $1.04M (Mar 31 2021)
Last sale anchor
$1.04M
Mar 31 2021
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
—
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
$27,563
Tax year 2022
Assessed value
$664,500
Assessed 2023
Previous assessed
$664,500
+0.0% YoY
Effective rate
4.15%
On assessed value
Assessed land
$72,900
Assessed improvement
$591,600
Land market value
$72,900
Improvement market value
$591,600
Total market value
$664,500
Applied tax rate
19.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
0.61 ac (26,572 SF)
Zoning code
R-50
APN
19 01411-0000-00025
UPID
US59-0567434
Jurisdiction
WARREN
Zoning & alternative use
R-50 · Phillipsburg, NJ
Zoning R-50 · permitted uses
R-50 · Phillipsburg, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Phillipsburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
362 Washington Holdings LLC
Entity
Mailing address
470 BROADWAY #338, BAYONNE, NJ 07002-3620
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2021
$1,035,000
362 Washington Holdings LLC
Trip Aces LLC
Deed
$776,250 · Connectone Bank
Jun 15, 2011
—
Trip Aces LLC
Sheriff Of Warren County
Trustees Deed
related
—
Jun 20, 2005
$750,000
390 Washington LLC
Cooper,sharon C
Grant Deed
$600,000 · Unity Bank
Nov 20, 2001
$400,000
Sharon C Cooper
Washington Street Apartments
Grant Deed
$320,000 · Sovereign Bank
—
—
Trip Aces LLC
—
Deed Of Trust
related
$300,000 · Unity Bk
—
—
Trip Aces LLC
—
Deed Of Trust
related
$50,000 · Unity Bank
—
—
Trip Aces LLC
—
Deed Of Trust
related
$600,000 · Unity Bk
—
—
390 Washington LLC
—
Deed Of Trust
related
$910,000 · New Millennium Bank
—
—
Trip Aces LLC
—
Deed Of Trust
related
$300,000 · Unity Bank
—
—
390 Washington LLC
—
Deed Of Trust
related
$150,000 · Charles Nicola
—
—
Washington Street LLC
—
Deed Of Trust
related
$1,800,000 · Brunswick Bank & Trust
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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