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    555 Millburn Ave Short Hills, NJ 07078-3330
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    Property profile & analytics

    555 Millburn Ave, Short Hills, NJ 07078-3330

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    • Commercial real estate
    • 6,590 SF
    • 0.42 lot acres
    Off-Market
    Property ID
    US59-0484492
    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
    $1,325,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Prominent Properties Sotheby's International Realty / Real Estate Agency
    • Angela Cohen, Millburn, Realtor / Real Estate Agency

    Property Details for 555 Millburn Ave

    Year built
    1974
    Construction
    METAL FRAME
    Lot size
    0.42 lot acres
    Property type
    Commercial real estate
    APN
    12 01801-0000-00035
    APU
    1201801000000035

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 26, 2023 — Ko Realty Short Hills LLC — Deed · related $325k · 2012 Samuel Ketive Trust
    May 3, 2016 — Ko Realty Short Hills LLC — Deed · related $855k · Ketive Samuel Tr 2012 (pt)
    Jan 4, 2012 $975,000 Ko Realty Short Hills LLC S-bnk Short Hills LLC Grant Deed $732k · North Jersey Community Bank
    — — Ko Realty Short Hills LLC — Deed Of Trust · related $300k · North Jersey Community Bank
    — — Ko Realty Short Hills LLC — Deed Of Trust · related $855k · Ketive Samuel Tr 2012 (pt)

    Value Estimations

    based on Realmo’s proprietary methodology
    • CAP approach

      CAP Return
      Estimation
      6%
      $1,515,000
      6.5%
      $1,400,000
      7%
      $1,300,000
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,163,000
      Market price range: $567k - $1.63M
    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,945,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $1,800,000
      Change: -7% Conversion: Moderate

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


    Location Insight

    • Map
    • Local Demand
    City
    Short Hills
    County
    Essex
    State
    New Jersey
    Longitude
    -74.3237
    Latitude
    40.7184
    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
    $22,243
    $715,300
    $429,500
    $1,144,800
    -
    $715,300
    $429,500
    $1,144,800
    More about this property
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