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Property profile

60 Westervelt Ave Tenafly, NJ 07670

OFF-MARKET
Other commercial real estate
Property ID
US59-1332661
2,892 SF 0.11 ac lot Built 1920
Last sale Mar 2021 · $752,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property at 60 Westervelt Ave in Tenafly, New Jersey is an office building zoned R-MF (Residential Multi-Family). It is equipped with gas heating and central air conditioning and has a roof that is approximately one year old. The building is configured with multiple tenants in grandfathered office space, with two tenants on the first floor and the second floor currently available for potential reconfiguration toward residential use subject to approvals, permits, and any required variances.…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$21k
Tax billed · 2022
Assessed value · 2023$769k
Assessed land$418k
Assessed improvement$350k
Effective rate2.71%

Value estimate

· Oct 2026
$905k
$815k – $996k
AI approach$925k
CAP approach$620k
Submarket $/SF estimate$470k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$370/SF
ZIP average, outlier-cleaned · 30 recorded sales of this use type
Observed band · Q1–Q3$296 – $494
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionBERGEN

Location intelligence

Which uses thrive at this corner?
Best fit: Computer & Electronic Repair
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Computer & Electronic Repair9.9
Auto Parts Store9.3
Convenience Store9.2

Location

60 Westervelt Ave Tenafly, NJ 07670-3201
County assessor Recorded deeds · 6 transfers 5 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
31 Prospect, Tenafly, NJ 07670-1823 $800,000 Mar 2025 2,652 SF
66 Railroad, Tenafly, NJ 07670-1733 $2,430,000 Mar 2023 3,556 SF
147 Piermont, Tenafly, NJ 07670-1022 $1,550,000 Aug 2022 3,521 SF
26 Clinton, Tenafly, NJ 07670-2109 $1,080,000 May 2022 2,623 SF
2 Dean, Tenafly, NJ 07670-2765 $650,000 Jan 2022 2,470 SF
114 County, Tenafly, NJ 07670-1814 $1,465,000 Jul 2021 2,560 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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