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Property profile & analytics
OFF-MARKET
Estimated value
$4,910,000
Residential income homes
55 Patterson St Hillsdale, NJ 07642-2058
Entity Owned
17-yr Hold
Absentee Owner
Property ID
US59-3002794
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Total area
30,716 SF
Lot
0.2 ac (8,908 SF)
Zoning code
C
APN
27 01101-0000-00006
UPID
US59-3002794
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
$3.07M
Blend (final)
Blend
$4.91M
Owner & transaction history
55 Paterson Associates LLC · 17 yrs held
55 Paterson Associates LLC
since 2009
5 recorded transactions
Zoning & alternative use
C · Hillsdale, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
o. 21-17 ; 2-3-2026 by Ord. No. 26-04 ] For the purpose of this Part 4 , the Borough of Hillsdale is divided into the following districts: R-1 Residential R-2 Residential R-3 Residential R-4 Residential REC Recreational C Commercial I Industrial SC Senior Citizen Housing T/C Townhouse Complex T/C-2 Townhouse Complex 2 MU-1 Mixed-Use 1 MU-2 Mixed-Use 2 Multif…
Zone name
Commercial
General category
CIVIC_INSTITUTIONAL
Zone area
85.45 ac
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 Hillsdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hillsdale 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.91M
Range $4.42M – $5.40M · ±10%
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
$160 / 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
$90,213
Tax year 2022
Assessed value
$3,008,100
Assessed 2023
Previous assessed
$3,008,100
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$560,000
Assessed improvement
$2,448,100
Land market value
$560,000
Improvement market value
$2,448,100
Total market value
$3,008,100
Applied tax rate
27.0000
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
Units
1
Total area
30,716 SF
Lot
0.2 ac (8,908 SF)
Zoning code
C
APN
27 01101-0000-00006
UPID
US59-3002794
Jurisdiction
BERGEN
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C · Hillsdale, NJZoning C · permitted uses
C · Hillsdale, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
o. 21-17 ; 2-3-2026 by Ord. No. 26-04 ] For the purpose of this Part 4 , the Borough of Hillsdale is divided into the following districts: R-1 Residential R-2 Residential R-3 Residential R-4 Residential REC Recreational C Commercial I Industrial SC Senior Citizen Housing T/C Townhouse Complex T/C-2 Townhouse Complex 2 MU-1 Mixed-Use 1 MU-2 Mixed-Use 2 Multifamily Overlay District § 310-49 Zoning Map. [Amended 2-12-1991 by Ord. No. 91-1 ]
Zone name
Commercial
General category
CIVIC_INSTITUTIONAL
Zone area
85.45 ac
Building & site characteristics
From public records
Heating
NONE
Units
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
55 Paterson Associates LLC
Entity
Mailing address
3 2ND ST STE #1203, JERSEY CITY, NJ 07311-4054
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2009
$550,000
55 Paterson Associates LLC
Fiorino,dianne
Grant Deed
—
—
—
55 Patterson Associates LLC
—
Deed Of Trust
related
$151,983 · Columbia Bk
—
—
Pavonia Equities LP
—
Deed Of Trust
related
$3,600,000 · Blue Foundry Bk
—
—
Pavonia Equitiehs LP
—
Deed Of Trust
related
$3,675,000 · Kearny Fsb
—
—
55 Patterson Associates LLC
—
Deed Of Trust
related
$21,300 · Columbia Bank
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.
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