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Property profile & analytics
OFF-MARKET
Estimated value
$25,355,000
Residential income homes
60 Munn Ave East Orange, NJ 07018-3512
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-3157958
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1930
Total area
131,978 SF
Lot
1.66 ac (72,318 SF)
APN
05 00221-0000-00041
UPID
US59-3157958
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
-
Robert Towers Associates LLC Apartment Building
-
Amani Sy Catering Take-out & Catering Catering Service
-
Roberts J K Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$33.98M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$25.36M
Owner & transaction history
Pl Aw Funding II LLC · 2 yrs held
Pl Aw Funding II LLC
since 2023
7 recorded transactions
Zoning & alternative use
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 East Orange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Orange 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%
$36,815,000
6.5%
$33,980,000
7%
$31,555,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$36,090,000
Current use
INDUSTRIAL (GENERAL)
$29,810,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$25.36M
Range $22.82M – $27.89M · ±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
$192 / 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
$651,551
Tax year 2022
Assessed value
$22,420,900
Assessed 2023
Previous assessed
$22,420,900
+0.0% YoY
Effective rate
2.91%
On assessed value
Assessed land
$5,356,000
Assessed improvement
$17,064,900
Land market value
$5,356,000
Improvement market value
$17,064,900
Total market value
$22,420,900
Applied tax rate
5.0000
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
Year built
1930
Heating
NONE
Stories
1
Units
1
Total area
131,978 SF
Lot
1.66 ac (72,318 SF)
APN
05 00221-0000-00041
UPID
US59-3157958
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$36.1M
INDUSTRIAL (GENERAL)
Est. value
$29.8M
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1930
Heating
NONE
Stories
1
Units
1
Lot
1.66 ac
Current owner
From public records · entity-resolved
Pl Aw Funding II LLC
Entity
Mailing address
40 S MORRIS AVE STE #230, BRYN MAWR, PA 19010-3300
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
Aug 14, 2023
—
Pl Aw Funding II LLC
Eoa 206 LP
Deed
—
Sep 6, 2018
$85,000
Adam Brender
Sheriff Of Essex County
Trustees Deed
—
May 4, 2018
$22,000,000
Eoa 206
Robert Tower LLC
Trustees Deed
$19,800,000 · Fs Creit Originator LLC
Oct 28, 2011
$9,100,000
Robert Tower LLC
Robert Towers Associates LLC
Deed
$6,825,000 · Investors Bank
Sep 29, 2006
$165,300
Gary Deberry
Empire View LLC
Grant Deed
$170,000 · Opteum Financial Svcs LLC
Aug 4, 2006
$21,000,000
Empire View LLC
South Munn LLC
Grant Deed
—
—
—
Robert Tower LLC
—
Deed Of Trust
related
$10,300,000 · Signature Bk
—
—
Eoa 206 LP
—
Loan Modification
related
$20,650,000 · Fs Rialto 2019-fl 1 Issuer Ltd
—
—
Robert Towers Associates LLC
—
Deed Of Trust
related
$4,295,000 · New York Community Bank
—
—
Mariel Concepcion
—
Deed Of Trust
related
$116,320 · Bank Of America
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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