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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Residential income homes
409 59th St, West New York, NJ 07093-2168
Entity Owned
8-yr Hold
Property ID
US59-0568317
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Construction
BRICK
Total area
5,136 SF
Lot
0.07 ac (3,216 SF)
APN
12 00069-0000-00020
UPID
US59-0568317
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
$785k
Owner & transaction history
Behr2 LLC · 8 yrs held
Behr2 LLC
since 2018
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 West New York submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West New York 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
$153 / 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
$12,955
Tax year 2022
Assessed value
$166,900
Assessed 2023
Previous assessed
$166,900
+0.0% YoY
Effective rate
7.76%
On assessed value
Assessed land
$80,000
Assessed improvement
$86,900
Land market value
$80,000
Improvement market value
$86,900
Total market value
$166,900
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
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
Construction
BRICK
Heating
NONE
Stories
3
Units
1
Total area
5,136 SF
Lot
0.07 ac (3,216 SF)
APN
12 00069-0000-00020
UPID
US59-0568317
Jurisdiction
HUDSON
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ 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
Construction
BRICK
Heating
NONE
Stories
3
Units
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Behr2 LLC
Entity
Mailing address
PO BOX 647, FARMINGDALE, NJ 07727-0647
Ownership since
2018
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
Feb 27, 2018
—
Behr2 LLC
409 59th Street Wny LLC
Grant Deed
related
—
Feb 27, 2018
$1,026,000
Apple Blossom Holdings 1 LLC
409 59th Street Wny LLC
Trustees Deed
related
$165,000,000 · Tpg Re Fin 2 Ltd
Nov 21, 2014
$700,000
409 59th St Wny LLC
Kess Prop LLC
Grant Deed
related
$1,275,000 · Signature Bk
Dec 27, 2012
—
Kess Prop LLC
Koestner,f William JR
Grant Deed
related
—
Oct 19, 1999
$225,000
F William Koestner
Realty,gateway
Grant Deed
$170,000 · Trust Co Of New Jersey
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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