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Property profile & analytics
OFF-MARKET
Estimated value
$13,875,000
Residential income homes
425 Franklin St Bloomfield, NJ 07003-3404
Individually Owned
6-yr Hold
Property ID
US59-1247064
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1950
Total area
55,758 SF
Lot
1.35 ac (59,019 SF)
Zoning code
R-G
APN
02 00271-0000-00012
UPID
US59-1247064
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
Current use
Occupant on record · Public records
-
Smoke-Stock & VELR Chimney Management, Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.36M
Comparable Approach
Comparable
$19.08M
Blend (final)
Blend
$13.88M
Owner & transaction history
Sf Franklin Manor Owner 1 · 6 yrs held
Sf Franklin Manor Owner 1
since 2019
4 recorded transactions
Zoning & alternative use
R-G · Bloomfield, 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 Bloomfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bloomfield 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
by Request
CAP Approach
CAP Return
Estimation
6%
$15,555,000
6.5%
$14,355,000
7%
$13,330,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$15,245,000
Current use
OFFICE BUILDING
$14,105,000
Change: -8% · Conversion: Moderate
COMMERCIAL (GENERAL)
$13,710,000
Change: -10% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$12,595,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$13.88M
Range $12.49M – $15.26M · ±10%
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
$249 / 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
$213,493
Tax year 2022
Assessed value
$6,667,500
Assessed 2023
Previous assessed
$6,667,500
+0.0% YoY
Effective rate
3.20%
On assessed value
Assessed land
$2,975,000
Assessed improvement
$3,692,500
Land market value
$2,975,000
Improvement market value
$3,692,500
Total market value
$6,667,500
Applied tax rate
2.0000
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
1950
Heating
NONE
Units
1
Total area
55,758 SF
Lot
1.35 ac (59,019 SF)
Zoning code
R-G
APN
02 00271-0000-00012
UPID
US59-1247064
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
R-G · Bloomfield, NJ
Zoning R-G · permitted uses
R-G · Bloomfield, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bloomfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$15.2M
OFFICE BUILDING
Est. value
$14.1M
COMMERCIAL (GENERAL)
Est. value
$13.7M
INDUSTRIAL (GENERAL)
Est. value
$12.6M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Units
1
Lot
1.35 ac
Current owner
From public records · entity-resolved
Sf Franklin Manor Owner 1
Individual
Mailing address
45 BROADWAY FL, NEW YORK, NY 10006-3007
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2019
$11,900,000
Sf Franklin Manor Owner 1
Franklin Franklin Manor
Deed
—
Jun 12, 2006
$1
Franklin Manor LLC
Burling Associates LLC
Grant Deed
related
—
—
—
Franklin Manor LLC
—
Deed Of Trust
related
$1,272,188 · Burling Associates LLC
—
—
Franklin Manor LLC
—
Deed Of Trust
related
$1,675,000 · John Hancock Life Insurance 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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