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Property profile & analytics
OFF-MARKET
Office buildings

540 37th St 1 Union City, NJ 07087-2545

1,529 SF 0.07 ac lot Built 1931
Individually Owned 3-yr Hold ~ Est. High Equity
Property ID
US59-2026305
Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1931
Total area 1,529 SF
Lot 0.07 ac (2,871 SF)
Zoning code R
APN 10 00219-0000-00009-0000-C0001
UPID US59-2026305
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
David Rasch · 3 yrs held
David Rasch
since 2023
Last sale
$325,000
7 recorded transactions
2023
$325,000
2007
Price N/A
2007
$325,000
2007
$418,000
2007
$1
2006
$1
2005
$1
Zoning & alternative use
R · Union City, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

R Zone, shared accessory off-street parking shall be permitted in accordance with the following: § 223-46. Off-street parking and loading. 120 (1) A use for which an application for shared parking is made shall be located within 500 feet of the parking facility which is being shared. (2) An agreement providing for the shared use of parking, executed by all t…

Zone name Low Density Residential
General category RESIDENTIAL
Zone area 496.71 ac
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