Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    456-458 Ellison St, Unit 458 Paterson, NJ 07501-2155
    Back to Search
    Property profile & analytics

    456-458 Ellison St, Unit 458, Paterson, NJ 07501-2155

    View on Map
    • Residential income homes
    • 2,977 SF
    • 0.11 lot acres
    Off-Market
    Last Sale Jul 14, 2021
    $400,000
    Property ID
    US59-2921414
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 456-458 Ellison St

    Construction
    FRAME
    Lot size
    0.11 lot acres
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    08 04208-0000-00015
    APU
    804208000000015

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 14, 2021 $400,000 Paterson Falls Realty Group LLC 456 458 Ellison Street Realty LLC Deed $280k · Ss Sontag Qi LLC
    Oct 26, 2010 — 456 458 Ellison Street Realty Greter Paterson Properties LLC Grant Deed —
    Feb 12, 1992 $16,600 Jose Gonzalez Unknown Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Paterson
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.1572
    Latitude
    40.9169
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $8,286
    $102,500
    $76,000
    $178,500
    -
    $102,500
    $76,000
    $178,500

    Comparable in this City

    • Value Estimation by Request
      2,942 SF

      53 17th Ave

      APARTMENT HOUSE (UNDER 5 UNITS)
      53 17th Ave, Paterson, NJ 07501-2453
      View Details
    • Value Estimation by Request
      4,350 SF

      198-200 16th Ave, Unit 200

      APARTMENT HOUSE (UNDER 5 UNITS)
      198-200 16th Ave, Paterson, NJ 07501-2315
      View Details
    • Value Estimation by Request

      19 Market St

      Residential income properties
      19 Market St, Paterson, NJ 07501
      View Details
    • Value Estimation by Request
      4,099 SF

      84 Auburn St

      Residential income properties
      84 Auburn St, Paterson, NJ 07501
      View Details
    • Value Estimation by Request

      100 Carroll St

      Multifamily properties
      100 Carroll St, Paterson, NJ 07501
      View Details
    • Value Estimation by Request

      252-254 Park Ave

      Multifamily properties
      252-254 Park Ave, Paterson, NJ 07501
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Essex Passaic Mixed-Use Residences

      Two multifamily properties with 16 units and two retail spaces.
      463-465 Summer St, Paterson, NJ 07501
      View Details
    • Contact for pricing

      Historical District Multifamily Investment

      14-unit multifamily property in Great Falls Historical District.
      19 Market St, Paterson, NJ 07501
      View Details
    • $790,000
      4,318 SF

      Mixed-Use Property with Rental Income

      Mixed-use property featuring commercial space and residential units.
      480 Main St, Paterson, NJ 07501
      View Details
    • $3,500,000

      Historic Paterson Condo Complex

      14-Unit Multifamily Investment Opportunity
      19 Market St, Paterson, NJ 07501
      View Details
    • $1,295,000

      Fully Occupied Investment Property

      Seven-unit building with strong income potential in Paterson, New Jersey.
      196 Beech St, Paterson, NJ 07501
      View Details
    • $1,300,000
      5,000 SF

      Modern Multifamily Investment Opportunity

      2020-built, 6-unit multifamily property fully leased at market rents.
      84 Auburn St, Paterson, NJ 07501
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Spacious Apartment with Upgrades

      Second-floor apartment featuring upgrades, new carpet, and vinyl floors.
      777 E 18Th St, Paterson, NJ 07501
      View Details
    • $1,750 /Mo

      Renovated Apartment with 2 Bedrooms

      Recently renovated 2-bedroom apartment with convenient access to amenities.
      331 21St Ave, Paterson, NJ 07501
      View Details
    • $2,400 /Mo

      Spacious Apartment Near Transportation

      Stylish 3-bedroom apartment with updated interiors and convenient location.
      363 Summer St, Paterson, NJ 07501
      View Details
    • $2,600 /Mo

      Spacious Three-Bedroom Apartment For Rent

      Bright, spacious 3-bedroom apartment with modern kitchen and convenient location.
      138 Lafayette St, Paterson, NJ 07501
      View Details
    • $2,400 /Mo

      Renovated First-Floor Apartment in Paterson

      Updated Paterson apartment with new kitchen, bath, and convenient location.
      37 12Th Ave, Paterson, NJ 07501
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    456-458 Ellison St, Unit 458
    Paterson, NJ 07501-2155
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    456-458 Ellison St, Paterson, NJ, 07501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!