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Financial
Distress signals
Property profile

535 Central Ave 2 New Providence, NJ 07974

OFF-MARKET
Office buildings
Property ID
US59-2335210
32,100 SF 2.76 ac lot Built 1940
Individually Owned Owner of record is an individual. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a restaurant space located in New Providence Boro, New Jersey, in proximity to highway routes and designed for easy access. The approximately 2,880-square-foot interior includes 18 bar seats and 50 indoor dining seats, with an outdoor patio providing seating for approximately 50. An on-site banquet room supports gatherings for up to 120 guests. The restaurant is attached to a hotel and is configured to serve both local and visitor demand. The property is zoned COMM.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$60k
Tax billed · 2023
Assessed value · 2024$1.20M
Assessed land$604k
Assessed improvement$592k
Effective rate5.01%

Value estimate

· Oct 2026
$765k
$689k – $842k
Submarket $/SF estimate$4.79M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$204/SF
County average, outlier-cleaned · 59 recorded sales of this use type
Observed band · Q1–Q3$149 – $293

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
OR
OR Office and Residential District. Purpose. The OR Office and Residential District is intended to support the existing neighborhood whil...
General categoryCOMMERCIAL
JurisdictionUNION

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency27.5
Spa & Massage16.9
Nail Salon16.1

Location

535 Central Ave, Unit 2 New Providence, NJ 07974-1561
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

10 properties nearby
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.
Comparable nearby
6 properties of the same type nearby
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