Property profile

406-408 Cortlandt St 408 Belleville, NJ 07109

OFF-MARKET
Industrial properties
Property ID
US59-2126748
4,249 SF 0.14 ac lot Built 1927
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1927
Construction CONCRETE BLOCKS
Total area 4,249 SF
Lot 0.14 ac (6,251 SF)
APN 01 08903-0000-00011
UPID US59-2126748

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

406-408 Cortlandt St, Unit 408 Belleville, NJ 07109-3204
Belleville metro Census 14400 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$750k
CAP Approach CAP
$750k
Comparable Approach Comparable
$459k
Blend (final) Blend
$750k

Owner & transaction history

since 2022
Last sale
$530,000
1 recorded transaction
2022
$530,000

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.0M +4.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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