Realmo Analytics

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Property profile

612 Palisade Ave Jersey City, NJ 07307

OFF-MARKET
Other commercial real estate
Property ID
US59-3147604
2,474 SF 0.06 ac lot Built 1850
Last sale Jun 2026 · $1,300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Situated at 612 Palisade Ave, this three-story mixed-use building includes ground-floor commercial space with a bathroom and rear yard access, and two residential units on the upper floors. Each residential unit has 3 bedrooms and 2 bathrooms and provides more than 1,500 sq. ft. of living space, with access to a private back deck. The property is located in close proximity to the 9th Street Light Rail elevator and is served by the NJ Transit 190 bus line with routes connecting to New York City,…

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?
$25k
Tax billed · 2022
Assessed value · 2023$1.16M
Assessed land$190k
Assessed improvement$972k
Effective rate2.12%

Value estimate

· Nov 2026
$510k
$459k – $561k
AI approach$445k
CAP approach$635k
Submarket $/SF estimate$457k

Realmo valuation models over county records and 20 qualifying comparable sales.

Recently sold

What actually traded nearby?
$272/SF
Submarket average, outlier-cleaned · 75 recorded sales of this use type
Observed band · Q1–Q3$131 – $462
Qualifying comparables20

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

What can be built here?
R-2
High-Rise Apartments. 1. Minimum 0.5 parking spaces per dwelling unit. 2. Office and Retail Use where permitted: None. 3. A minimum buffe...
General categoryRESIDENTIAL
JurisdictionHUDSON

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm13.0
Nursing Home12.5
Assisted Living Facility11.7

Location

612 Palisade Ave Jersey City, NJ 07307-1040
County assessor Recorded deeds · 7 transfers 20 qualifying comp sales Zoning catalog

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
475 Central, Jersey City, NJ 07307-2741 $1,200,000 Jun 2025 3,582 SF
51 Sherman Pl, Jersey City, NJ 07307-3029 $884,000 Jun 2025 No data
944 Smt, Jersey City, NJ 07307-4883 $1,088,888 Jun 2025 5,180 SF
474 Central, Jersey City, NJ 07307-2644 $1,050,000 Apr 2025 3,240 SF
449 Central, Jersey City, NJ 07307-2737 $40,000 Aug 2024 4,050 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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