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    608 11th St Union City, NJ 07087-3061
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    Property profile & analytics

    608 11th St, Union City, NJ 07087-3061

    View on Map
    • Residential income homes
    • 3,586 SF
    • 0.06 lot acres
    Off-Market
    Property ID
    US59-2477376
    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
    $640,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 608 11th St

    Year built
    1898
    Construction
    FRAME
    Lot size
    0.06 lot acres
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    10 00054-0000-00026
    APU
    1000054000000026

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 25, 2018 — Carlos Salazar Salazar,carlos Quit Claim Deed · related —
    May 3, 2005 $430,000 Carlos Salazar Alexis Zayas Bargain And Sale Deed —
    Oct 31, 2003 $355,000 Alexis Zayas Romero,ziomara Grant Deed $350k · First Residential Mortgage
    Jun 10, 2002 $262,000 Xiomara Romero Garcia,pablo Grant Deed $258k · Country Mortgage Corp
    Jun 27, 1997 $147,000 Pablo Garcia Garrido,wilson Grant Deed $135k · First Residence Mortgage
    — — Pablo Garcia — Deed Of Trust · related $42k · Hudson United Bank
    — — Pablo Garcia — Deed Of Trust · related $35k · Individual
    — — Pablo Garcia — Deed Of Trust · related $138k · Hudson United Bank
    — — Garcia Group INC — Deed Of Trust · related $10k · Hall Realty INC
    — — Pablo Garcia — Deed Of Trust · related $25k · Money Store INC
    — — Pablo Garcia — Deed Of Trust · related $10k · Individual
    — — Garcia Group INC — Deed Of Trust · related $10k · Hall Realty INC
    — — Pablo Garcia — Deed Of Trust · related $28k · Hudson United Bank & Trust
    — — Pablo Garcia — Deed Of Trust · related $35k · Individual

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $877,000
      Market price range: $826k - $1.36M
      AI Estimate
      $419,000
      Market price range: $253k - $573k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $915,000
      Current use
      COMMERCIAL (GENERAL)
      $810,000
      Change: -12% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Union City
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.0397
    Latitude
    40.7598
    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
    $16,879
    $100,000
    $136,400
    $236,400
    -
    $100,000
    $136,400
    $236,400

    Comparable in this City

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      2,856 SF

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    • Value Estimation
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      2,430 SF

      2510 Adam Pl

      APARTMENT HOUSE (UNDER 5 UNITS)
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    • Value Estimation
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      3,638 SF

      415 41st St

      APARTMENT HOUSE (UNDER 5 UNITS)
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      View Details
    • Value Estimation
      $580,000
      2,475 SF

      1317 Bergenline Ave

      APARTMENT HOUSE (UNDER 5 UNITS)
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      View Details
    • Value Estimation by Request
      2,658 SF

      508 16th St

      APARTMENT HOUSE (UNDER 5 UNITS)
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      View Details
    • Value Estimation
      $745,000
      3,104 SF

      513 Monastery Pl

      APARTMENT HOUSE (UNDER 5 UNITS)
      513 Monastery Pl, Union City, NJ 07087-3338
      View Details

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      Union City Multifamily Investment

      Six-unit multifamily property in Union City, New Jersey.
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      Fully Occupied Multifamily Investment

      Twelve fully occupied units, a great investment opportunity.
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    Similar Nearby for Lease

    • $2,250 /Mo
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      Renovated 2-bedroom apartment with NYC views and convenient location.
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      Upscaled Retail Space Available

      Retail space for lease, 3,500 sqft available on the 1st floor.
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      View Details
    • $10,000 /Mo

      Union City Office/Retail Space

      Renovated street-level space ideal for office or retail use.
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      View Details
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      Union City Office Space Available

      Recently renovated office space in high-visibility Union City location.
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      Modern Office Suite on Bergenline

      High-visibility office suite on Bergenline Avenue, Union City.
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    Union City, NJ 07087-3061
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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