Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    541 61st St West New York, NJ 07093-1430
    Back to Search
    Property profile & analytics

    541 61st St, West New York, NJ 07093-1430

    View on Map
    • Commercial real estate
    • 2,270 SF
    • 0.06 lot acres
    Off-Market
    Property ID
    US59-1847817
    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

    • Walter H Neubert Inc / Ophthalmologist / (Bike/Boat/Book/etc) Store

    Property Details for 541 61st St

    Year built
    1919
    Construction
    FRAME
    Lot size
    0.06 lot acres
    Property type
    Commercial real estate
    APN
    12 00137-0000-00016
    APU
    1200137000000016

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 26, 2018 $435,000 Khandwala Holding LLC Bravo,alvaro E & Ingrid L Grant Deed —
    Aug 5, 1992 $100,000 Alvaro Bravo York,dime Savngs Grant Deed —
    Jul 2, 1992 $100,000 Alvaro E Bravo 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
    West New York
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.017
    Latitude
    40.7903
    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
    $13,071
    $60,700
    $77,300
    $138,000
    -
    $60,700
    $77,300
    $138,000

    Comparable in this City

    • Value Estimation by Request
      0.19 Acres

      7000 Bergenline Ave, Unit 6

      COMMERCIAL (GENERAL)
      7000 Bergenline Ave, Guttenberg, NJ 07093-1810
      View Details
    • Value Estimation
      $570,000
      3,262 SF

      5906 Kennedy W Blvd

      COMMERCIAL (GENERAL)
      5906 Kennedy W Blvd, West New York, NJ 07093-1311
      View Details
    • Value Estimation
      $520,000
      2,568 SF

      5506 Kennedy Blvd W Rear

      COMMERCIAL (GENERAL)
      5506 Kennedy Blvd W Rear, West New York, NJ 07093
      View Details
    • Value Estimation
      $535,000
      2,750 SF

      6100 Madison St

      COMMERCIAL (GENERAL)
      6100 Madison St, West New York, NJ 07093-2588
      View Details
    • Value Estimation
      $805,000
      5,132 SF

      5215 Palisade Ave

      COMMERCIAL (GENERAL)
      5215 Palisade Ave, West New York, NJ 07093-6862
      View Details
    • Value Estimation
      $560,000
      3,060 SF

      5406 Park Ave

      COMMERCIAL (GENERAL)
      5406 Park Ave, West New York, NJ 07093-6019
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,816 SF

      Mixed-Use Property With Warehouse Space

      Two-story mixed-use property with commercial, residential, and warehouse components.
      591 60Th St, West New York, NJ 07093
      View Details
    • Contact for pricing
      7,992 SF

      Mixed-Use Corner Property with Upside

      15-unit mixed-use property with mark-to-market and retail income upside.
      303 58Th St, West New York, NJ 07093
      View Details
    • $888,000

      Restaurant-Bar Prime Location in West

      Family-owned restaurant-bar operating for 37 years in West New York.
      5910 Bergenline Ave, West New York, NJ 07093
      View Details
    • $569,999

      Turnkey Restaurant and Bar Opportunity

      Fully equipped restaurant, bar, and banquet hall with liquor license.
      572 57Th St, West New York, NJ 07093
      View Details
    • Contact for pricing

      Office Building in Coviello Plaza

      Office building for sale at 5300 Bergenline Ave, West New York.
      5300 Bergenline Ave, West New York, NJ 07093
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr

      6101 Filmore Pl West New York NJ 07093

      Warehouse for Lease in West New York
      6101 Filmore Pl, West New York, NJ 07093
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail property available for rent in West New York.
      6310 Broadway, West New York, NJ 07093
      View Details
    • Contact for pricing

      Prime Retail Space on Bergenline

      Street-level retail space in a high-traffic commercial area.
      6803 Bergenline Ave, West New York, NJ 07093
      View Details
    • Contact for pricing

      West New York Warehouse Space

      Industrial warehouse in West New York with freight elevator.
      327 53Rd St, West New York, NJ 07093
      View Details
    • Contact for pricing

      Commercial Space Near Boulevard East

      2,000 sq ft commercial space suitable for various businesses.
      72 68Th St, Guttenberg, NJ 07093
      View Details
    • Contact for pricing

      West New York Restaurant Space

      Restaurant space for lease in a thriving West New York location.
      439 60Th St, West New York, NJ 07093
      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.
    541 61st St
    West New York, NJ 07093-1430
    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
    541 61st St, West New York, NJ, 07093
    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!