Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$11,010,000
Industrial properties
37 Van Houten St Paterson, NJ 07505
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-0914383
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Construction
BRICK
Total area
73,478 SF
Lot
1 ac (43,560 SF)
Zoning code
GFHD
APN
08 04601-0000-00016
UPID
US59-0914383
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
$7.75M
CAP Approach
CAP
$12.86M
Comparable Approach
Comparable
$7.24M
Blend (final)
Blend
$11.01M
Owner & transaction history
Hudson Blue 24 Owner LLC · 1 yrs held
Hudson Blue 24 Owner LLC
since 2025
Last sale
$13.7M
5 recorded transactions
Zoning & alternative use
GFHD · Paterson, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$13.5M
+0.0%
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 Paterson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Paterson 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
$10,810,000
ML approach
$7,750,000
CAP Approach
CAP Return
Estimation
6%
$13,925,000
6.5%
$12,855,000
7%
$11,935,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$13,530,000
Current use
OFFICE BUILDING
$13,530,000
Change: +0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,745,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$11.01M
Range $9.91M – $12.11M · ±10% · vs last sale $13.70M (Jun 18 2025)
Last sale anchor
$13.70M
Jun 18 2025
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
$150 / 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
$22,170
Tax year 2022
Assessed value
$477,600
Assessed 2023
Previous assessed
$477,600
+0.0% YoY
Effective rate
4.64%
On assessed value
Assessed land
$137,600
Assessed improvement
$340,000
Land market value
$137,600
Improvement market value
$340,000
Total market value
$477,600
Applied tax rate
8.0000
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
Construction
BRICK
Heating
NONE
Stories
3
Total area
73,478 SF
Lot
1 ac (43,560 SF)
Zoning code
GFHD
APN
08 04601-0000-00016
UPID
US59-0914383
Jurisdiction
PASSAIC
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
GFHD · Paterson, NJ
Zoning GFHD · permitted uses
GFHD · Paterson, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Paterson. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$13.5M
OFFICE BUILDING
Est. value
$13.5M
COMMERCIAL (GENERAL)
Est. value
$12.7M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
Construction
BRICK
Heating
NONE
Stories
3
Lot
1 ac
Current owner
From public records · entity-resolved
Hudson Blue 24 Owner LLC
Entity
Mailing address
326 PARKER AVE, CLIFTON, NJ 07011-1469
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2025
$13,700,000
Hudson Blue 24 Owner LLC
24 Van Houten Holdings LLC
Bargain & Sale Deed
$7,000,000 · Provident Bank
Jan 9, 2020
$4,200,000
24 Van Houten Holdings LLC
Mac Multi Group LLC
Deed
$2,520,000 · Lakeland Bank
Jul 18, 2003
$405,000
Mac Multi Group LLC
Fabricolor Manufacturing Corp
Grant Deed
—
Mar 3, 1998
$95,000
John B Feerick
Hypo Holdings INC
Grant Deed
$96,900 · Jersey Mortgage Co 1
—
—
Macmulti Corp LLC
—
Deed Of Trust
related
$250,000 · Columbia 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 37 Van Houten St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
