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Property profile & analytics
OFF-MARKET
Estimated value
$1,190,000
Industrial properties
588 56th St, West New York, NJ 07093-1236
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-2290235
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1915
Construction
BRICK
Total area
13,248 SF
Lot
0.17 ac (7,300 SF)
Zoning code
IL
APN
12 00123-0000-00023
UPID
US59-2290235
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
Current use
Occupant on record · Public records
-
Nitin Enterprises Business Management Consultant Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$819k
Blend (final)
Blend
$1.19M
Owner & transaction history
56th Street West Ny LLC · 3 yrs held
56th Street West Ny LLC
since 2023
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
IL · West New York, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 West New York submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West New York 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
$1,320,000
ML approach
$1,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.19M
Range $1.07M – $1.31M · ±10% · vs last sale $1.10M (May 5 2023)
Last sale anchor
$1.10M
May 5 2023
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
$90 / 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
$23,286
Tax year 2022
Assessed value
$300,000
Assessed 2023
Previous assessed
$300,000
+0.0% YoY
Effective rate
7.76%
On assessed value
Assessed land
$146,000
Assessed improvement
$154,000
Land market value
$146,000
Improvement market value
$154,000
Total market value
$300,000
Applied tax rate
12.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1915
Construction
BRICK
Heating
NONE
Stories
2
Total area
13,248 SF
Lot
0.17 ac (7,300 SF)
Zoning code
IL
APN
12 00123-0000-00023
UPID
US59-2290235
Jurisdiction
HUDSON
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
IL · West New York, NJ
Zoning IL · permitted uses
IL · West New York, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West New York. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1915
Construction
BRICK
Heating
NONE
Stories
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
56th Street West Ny LLC
Entity
Mailing address
830 BEAR TAVERN RD STE #305, EWING, NJ 08628-1020
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2023
$1,100,000
56th Street West Ny LLC
Potential Realty LLC
Special Warranty Deed
$775,000 · Wells Fargo Bank NA
Aug 5, 2020
$999,999
Potential Realty LLC
Nsn Properties INC
Grant Deed
—
Mar 22, 2019
—
N S N Properties INC
—
Deed
related
$750,000 · Owemanco Mtg Hldg Corp
Apr 5, 2010
—
Nsn Prop INC
Nnc LLC
Grant Deed
related
—
Aug 12, 2008
$700,000
Nnc LLC
588-56 Corp
Grant Deed
—
—
—
N S N Properties INC
—
Deed Of Trust
related
$750,000 · Owemanco Mtg Hldg Corp
—
—
588 56th Street Corp
—
Deed Of Trust
related
$100,000 · Trust Co Of New Jersey
—
—
Nsn Prop INC
—
Deed Of Trust
related
$500,000 · Td Bank NA
—
—
588-56 Corp
—
Deed Of Trust
related
$25,000 · Trust Co Of New Jersey
—
—
588-56 Corp
—
Deed Of Trust
related
$175,000 · Trust Co Of New Jersey
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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