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Property profile & analytics
OFF-MARKET
Estimated value
$8,840,000
Residential income homes
39 Smith St Irvington, NJ 07111
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-1171473
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Total area
21,116 SF
APN
09 00034-0000-00010
UPID
US59-1171473
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
$12.14M
CAP Approach
CAP
$5.44M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.84M
Owner & transaction history
23 41 Smith Street LLC · 4 yrs held
23 41 Smith Street LLC
since 2022
Last sale
$11.0M
5 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 Irvington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Irvington 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
$12,140,000
CAP Approach
CAP Return
Estimation
6%
$5,890,000
6.5%
$5,435,000
7%
$5,050,000
Blend value · Realmo final
$8.84M
Range $7.96M – $9.72M · ±10% · vs last sale $10.95M (Mar 7 2022)
Last sale anchor
$10.95M
Mar 7 2022
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
$419 / 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
$75,538
Tax year 2022
Assessed value
$1,267,200
Assessed 2023
Previous assessed
$1,267,200
+0.0% YoY
Effective rate
5.96%
On assessed value
Assessed land
$324,100
Assessed improvement
$943,100
Land market value
$324,100
Improvement market value
$943,100
Total market value
$1,267,200
Applied tax rate
9.0000
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
Heating
NONE
Units
29
Total area
21,116 SF
APN
09 00034-0000-00010
UPID
US59-1171473
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
Heating
NONE
Units
29
Current owner
From public records · entity-resolved
23 41 Smith Street LLC
Entity
Mailing address
650 PARK AVE, EAST ORANGE, NJ 07017-1577
Ownership since
2022
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
Mar 7, 2022
$10,954,205
23 41 Smith Street LLC
27 37 Smith Street LLC
Deed
$34,120,000 · Readycap Commercial LLC
Jan 29, 2021
$8,799,278
27 37 Smith Street LLC
Smith Street Properties LLC
Deed
$80,982,900 · Arbor Realty SR INC
Mar 31, 2020
$8,350,000
Dc Smith LLC
Smith Deerot Group LLC
Grant Deed
related
$6,680,000 · Greystone Svcng Corp
Apr 7, 2017
$1,450,000
Smith Deerot Group LLC
Feraswa LLC
Deed
—
—
—
Ferasaw LLC
—
Deed Of Trust
related
$1,100,000 · Northfield Bk
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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