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Property profile & analytics
OFF-MARKET
Residential income homes
40 Pennington Ave, Mays Landing, NJ 08330-1741
Entity Owned
7-yr Hold
Property ID
US59-1331723
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1936
Construction
FRAME
Total area
3,659 SF
Lot
0.32 ac (14,013 SF)
Zoning code
GC
APN
12 00748-0000-00023
UPID
US59-1331723
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
Bandi Property Management LLC · 7 yrs held
Bandi Property Management LLC
since 2019
7 recorded transactions
Zoning & alternative use
GC · Mays Landing, 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 Mays Landing submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mays Landing 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 2022Property tax & assessments
Tax year 2022
Tax billed
$5,484
Tax year 2022
Assessed value
$170,000
Assessed 2023
Previous assessed
$170,000
+0.0% YoY
Effective rate
3.23%
On assessed value
Assessed land
$55,900
Assessed improvement
$114,100
Land market value
$55,900
Improvement market value
$114,100
Total market value
$170,000
Applied tax rate
12.0000
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
Year built
1936
Construction
FRAME
Heating
NONE
Stories
2
Units
4
Total area
3,659 SF
Lot
0.32 ac (14,013 SF)
Zoning code
GC
APN
12 00748-0000-00023
UPID
US59-1331723
Jurisdiction
ATLANTIC
Zoning & alternative use
GC · Mays Landing, NJ
Zoning GC · permitted uses
GC · Mays Landing, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mays Landing. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1936
Construction
FRAME
Heating
NONE
Stories
2
Units
4
Lot
0.32 ac
Current owner
From public records · entity-resolved
Bandi Property Management LLC
Entity
Mailing address
1202 TILTON RD #1, NORTHFIELD, NJ 08225-1809
Ownership since
2019
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
Mar 18, 2019
$170,000
Bandi Property Management LLC
Smith,charles
Grant Deed
—
Jul 21, 2016
$195,000
Charles Smith
Grasso,francis G
Dual Purpose Document
$145,000 · Mlb Resid'l Lndg
Dec 9, 1998
$98,000
Francis G Graddo
C Richard Tunney Estate
Grant Deed
—
—
—
Bandi Property Management LLC
—
Deed Of Trust
related
$156,000 · First Nat'l Bk/absecon
—
—
Francis G Grasso
—
Deed Of Trust
related
$88,200 · Commonwealth United Mtg Co
—
—
Francis G Grasso
—
Deed Of Trust
related
$93,950 · National City Mortgage Co
—
—
Francis G Grasso
—
Deed Of Trust
related
$92,125 · National City Mortgage Co
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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