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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Residential income homes
442 Nye Ave Irvington, NJ 07111
Entity Owned
2-yr Hold
Property ID
US59-0623469
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Total area
5,832 SF
Lot
0.1 ac (4,369 SF)
APN
09 00216-0000-00010
UPID
US59-0623469
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
$990k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$832k
Blend (final)
Blend
$875k
Owner & transaction history
Rflf 4 LLC · 2 yrs held
Rflf 4 LLC
since 2024
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+17.1%
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 Irvington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Irvington 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
$1,060,000
ML approach
$990,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,045,000
Current use
OFFICE BUILDING
$1,225,000
Change: +17% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$955,000
Change: -8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$850,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$875k
Range $788k – $963k · ±10% · vs last sale $750k (Aug 15 2022)
Last sale anchor
$750k
Aug 15 2022
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
$150 / 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
$13,412
Tax year 2022
Assessed value
$225,000
Assessed 2023
Previous assessed
$225,000
+0.0% YoY
Effective rate
5.96%
On assessed value
Assessed land
$21,300
Assessed improvement
$203,700
Land market value
$21,300
Improvement market value
$203,700
Total market value
$225,000
Applied tax rate
9.0000
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
Heating
NONE
Stories
6
Units
6
Total area
5,832 SF
Lot
0.1 ac (4,369 SF)
APN
09 00216-0000-00010
UPID
US59-0623469
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA 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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.0M
OFFICE BUILDING
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$955,000
COMMERCIAL (GENERAL)
Est. value
$850,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
COMMERCIAL (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
Heating
NONE
Stories
6
Units
6
Lot
0.1 ac
Current owner
From public records · entity-resolved
Rflf 4 LLC
Entity
Mailing address
442 W NYE AVE #444, IRVINGTON, NJ 07111
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 19, 2024
$870,000
Rflf 4 LLC
444 Nye LLC
Administrators Deed
$870,000 · Rflf 4 LLC
Aug 15, 2022
$750,000
444 Nye LLC
Blash Holdings LLC
Deed
$590,000 · Broadview Capital LLC
Jul 14, 2021
$663,460
Blash Holdings LLC
444 Nye LLC
Deed
—
Nov 13, 2017
—
14-22 Hillyer LLC
—
Grant Deed
related
$1,950,000 · Signature Bk
May 20, 2014
$215,000
444 Nye LLC
Lsref2 Clipper III L
Grant Deed
—
Jan 9, 2013
—
Lsref2 Cliper III LLC
Sheriff Of Essex County
Trustees Deed
related
—
Apr 7, 2009
—
Gold View Properties LLC
Rieger,naftoli
Grant Deed
—
Apr 6, 2005
$435,000
Naftoli Reiger
Proios,james A
Grant Deed
—
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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