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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Commercial real estate
60 Westervelt Ave Tenafly, NJ 07670-3201
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-1332661
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1920
Construction
FRAME
Total area
2,892 SF
Lot
0.11 ac (4,613 SF)
APN
61 00810-0000-00001
UPID
US59-1332661
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
-
Ramp & Pisani, LLP Law Firm
-
IM Speech/Language Associates Physician
-
I.M. Speech Language Associates/ImSpeech Teletherapy Physician
-
Anjelica Barone Physician Medical Clinic
-
Crawford James A Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$925k
CAP Approach
CAP
$620k
Comparable Approach
Comparable
$470k
Blend (final)
Blend
$740k
Owner & transaction history
60 Westervelt Ave LLC · 5 yrs held
60 Westervelt Ave LLC
since 2021
Last sale
$752,500
6 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 Tenafly submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tenafly 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
$905,000
ML approach
$925,000
CAP Approach
CAP Return
Estimation
6%
$670,000
6.5%
$620,000
7%
$575,000
Blend value · Realmo final
$740k
Range $666k – $814k · ±10% · vs last sale $753k (Mar 8 2021)
Last sale anchor
$753k
Mar 8 2021
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
$256 / 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
$20,788
Tax year 2022
Assessed value
$768,500
Assessed 2023
Previous assessed
$768,500
+0.0% YoY
Effective rate
2.71%
On assessed value
Assessed land
$418,300
Assessed improvement
$350,200
Land market value
$418,300
Improvement market value
$350,200
Total market value
$768,500
Applied tax rate
61.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1920
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Total area
2,892 SF
Lot
0.11 ac (4,613 SF)
APN
61 00810-0000-00001
UPID
US59-1332661
Jurisdiction
BERGEN
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ 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
Building & site characteristics
From public records
Year built
1920
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
60 Westervelt Ave LLC
Entity
Mailing address
60 WESTERVELT AVE, TENAFLY, NJ 07670-3201
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2021
$752,500
60 Westervelt Ave LLC
Pambar Associates LLC
Deed
$564,375 · Gibraltar Bank
Sep 23, 2020
—
Pambar Associates LLC
—
Deed
related
$410,000 · Wachovia Bk
Jun 24, 1998
$425,000
Pambar Assoc LLC
Crawford,james A & Eleanor D
Grant Deed
$385,000 · Individual
—
—
Pambar Associates LLC
—
Deed Of Trust
related
$410,000 · Wells Fargo Bank
—
—
Pambar Associates LLC
—
Loan Modification
related
$410,000 · Wachovia Bk
—
—
Arkady Dudko
—
Deed Of Trust
related
$252,617 · Wells Fargo 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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