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Financial
Distress signals
Property profile

63 Park Ave Summit, NJ 07901

OFF-MARKET
Commercial real estate
Property ID
US59-2144012
1,764 SF 0.08 ac lot
Individually Owned Owner of record is an individual. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value · 2024$130k
Assessed land$67k
Assessed improvement$63k
Effective rate4.33%

Value estimate

· Oct 2026
$305k
$275k – $336k
AI approach$305k

Realmo valuation models over county records and 23 qualifying comparable sales.

Recently sold

What actually traded nearby?
$383/SF
ZIP average, outlier-cleaned · 38 recorded sales of this use type
Observed band · Q1–Q3$313 – $463
Qualifying comparables23

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?
R5
JurisdictionUNION

Location intelligence

Which uses thrive at this corner?
Best fit: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store9.3
Pet Grooming Service8.4
Catering Service8.0

Location

63 Park Ave Summit, NJ 07901-3926
County assessor Recorded deeds · 1 transfer 23 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
9 Tulip, Summit, NJ 07901-2404 $2,500,000 Jun 2025 1,596 SF
33 Overlook Rd, Summit, NJ 07901-3562 $578,250 Mar 2025 1,542 SF
56 Park, Summit, NJ 07901-5924 $650,000 Feb 2024 1,731 SF
5 Tulip, Summit, NJ 07901-2404 $800,000 Jan 2024 2,596 SF
8 Kent Pl, Summit, NJ 07901-1907 $790,000 Dec 2023 1,862 SF
35 Deforest, Summit, NJ 07901-2155 $1,050,000 Jul 2023 2,356 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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