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Property profile & analytics
OFF-MARKET
Bars & Pubs
40 3rd St, Passaic, NJ 07055-7414
Entity Owned
Free & Clear
Property ID
US59-3095816
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1930
Construction
BRICK
Lot
0.06 ac (2,500 SF)
Zoning code
R-3
APN
07 01013-0000-00023
UPID
US59-3095816
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
40 42 Third St Realty LLC
40 42 Third St Realty LLC
since 2025
7 recorded transactions
Zoning & alternative use
R-3 · Passaic, 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 Passaic submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Passaic 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
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$17,217
Tax year 2023
Assessed value
$430,000
Assessed 2024
Previous assessed
$430,000
+0.0% YoY
Effective rate
4.00%
On assessed value
Assessed land
$65,000
Assessed improvement
$365,000
Land market value
$65,000
Improvement market value
$365,000
Total market value
$430,000
Applied tax rate
7.0000
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1930
Construction
BRICK
Heating
NONE
Stories
2
Lot
0.06 ac (2,500 SF)
Zoning code
R-3
APN
07 01013-0000-00023
UPID
US59-3095816
Jurisdiction
PASSAIC
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R-3 · Passaic, NJ
Zoning R-3 · permitted uses
R-3 · Passaic, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Passaic. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1930
Construction
BRICK
Heating
NONE
Stories
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
40 42 Third St Realty LLC
Entity
Free & Clear · 0 yrs held
Mailing address
40 3RD ST #42, PASSAIC, NJ 07055-7414
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2025
—
40 42 Third St Realty LLC
Rene Simon Garcia
Deed
—
Dec 4, 2014
$450,000
Rene|quintana Ciaribel Simon
40-42 Realty LLC
Grant Deed
$4,612 · 40-42 Realty LLC
May 6, 2014
$245,000
40 42 Realty LLC
Boiling Sprgs Svgs Bk
Grant Deed
—
Jan 17, 2014
$100
Boiling Spring Savings Bank
Sheriff Of Passaic County
Trustees Deed
related
—
Aug 26, 2005
$535,000
Pedro Benitez
Deleon INC
Grant Deed
$395,000 · Boiling Spring Savings & Loan
May 27, 2004
—
Deleon INC
Deleon,jhovanny & Johanna
Quit Claim Deed
related
$240,000 · Metro Funding Corp
Jan 12, 2001
$140,000
Jhovanny Deleon
Pardo,donna & Juan
Grant Deed
$140,000 · Donna & Juan Pardo
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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