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Property profile & analytics
OFF-MARKET
Estimated value
$3,115,000
Residential income homes
43 Cottage St South Orange, NJ 07079-2236
Entity Owned
4-yr Hold
Property ID
US59-3088355
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1963
Construction
CONCRETE BLOCKS
Total area
8,890 SF
Lot
0.2 ac (8,668 SF)
Zoning code
R-C1
APN
19 02021-0000-00011
UPID
US59-3088355
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
$3.96M
CAP Approach
CAP
$2.29M
Comparable Approach
Comparable
$3.67M
Blend (final)
Blend
$3.12M
Owner & transaction history
43 Cottage Owners LLC · 4 yrs held
43 Cottage Owners LLC
since 2021
Last sale
$3.1M
4 recorded transactions
Zoning & alternative use
R-C1 · South Orange, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.2M
+33.5%
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 South Orange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Orange 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
$4,145,000
ML approach
$3,955,000
CAP Approach
CAP Return
Estimation
6%
$2,480,000
6.5%
$2,290,000
7%
$2,125,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,430,000
Current use
COMMERCIAL (GENERAL)
$3,245,000
Change: +33% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,010,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$3.12M
Range $2.80M – $3.43M · ±10% · vs last sale $3.08M (Nov 9 2021)
Last sale anchor
$3.08M
Nov 9 2021
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
$350 / 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
$45,026
Tax year 2022
Assessed value
$1,283,900
Assessed 2023
Previous assessed
$1,283,900
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$346,600
Assessed improvement
$937,300
Land market value
$346,600
Improvement market value
$937,300
Total market value
$1,283,900
Applied tax rate
19.0000
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
1963
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
3
Units
1
Total area
8,890 SF
Lot
0.2 ac (8,668 SF)
Zoning code
R-C1
APN
19 02021-0000-00011
UPID
US59-3088355
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
R-C1 · South Orange, NJ
Zoning R-C1 · permitted uses
R-C1 · South Orange, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Orange. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$3.2M
INDUSTRIAL (GENERAL)
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS) Current
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
1963
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
3
Units
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
43 Cottage Owners LLC
Entity
Mailing address
150 BROADWAY RM #513, NEW YORK, NY 10038-4344
Ownership since
2021
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
Nov 9, 2021
$3,075,000
43 Cottage Owners LLC
43 Realty Management LLC
Deed
$2,150,000 · Columbia Bank
Feb 16, 2016
$1,700,000
43 Realty Management LLC
43 Cottage Street LLC
Deed
$1,275,000 · Peapack Gladstone Bank
Feb 3, 2005
$980,000
43 Cottage Street LLC
Forlenza Partnership
Deed
$735,000 · Washington Mutual Bank Fa
—
—
43 Cottage Street LLC
—
Deed Of Trust
related
$860,000 · Regal Bank
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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