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Property profile & analytics
FOR LEASE
Office buildings
631 Grand St Jersey City, NJ 07304
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-2832127
For Lease
1 / 3
Contact for pricing
631 Grand St, Jersey City, NJ 07304
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2011
Construction
CONCRETE BLOCKS
Lot
1.04 ac (45,220 SF)
APN
06 17301-0000-00006- 01
UPID
US59-2832127
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
-
HALL-DIGIOIA CENTER FOR BREAST CARE Medical Clinic
-
Surgicare of Jersey City Medical Clinic Hospital
-
John H. Hajjar, MD Physician Medical Clinic
-
Jahnna Levy, DO Physician Medical Clinic
-
Cosmetic Skin & Surgery Center, Jersey City Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Wfcm 2016 C34 Medical Office Buldin · 3 yrs held
Wfcm 2016 C34 Medical Office Buldin
since 2023
7 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 Jersey City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jersey City 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$296,204
Tax year 2022
Assessed value
$13,985,100
Assessed 2023
Previous assessed
$13,985,100
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$1,281,300
Assessed improvement
$12,703,800
Land market value
$1,281,300
Improvement market value
$12,703,800
Total market value
$13,985,100
Applied tax rate
6.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2011
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
3
Lot
1.04 ac (45,220 SF)
APN
06 17301-0000-00006- 01
UPID
US59-2832127
Jurisdiction
HUDSON
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
2011
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
3
Lot
1.04 ac
Current owner
From public records · entity-resolved
Wfcm 2016 C34 Medical Office Buldin
Individual
Mailing address
2340 COLLINS AVE STE #700, MIAMI BEACH, FL 33139-1637
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2023
—
Wfcm 2016 C34 Medical Office Buldin
Hmob Plan Admin Of Jersey City LLC
Bargain And Sale Deed
—
Nov 2, 2022
—
Hmob Plan Admin Of Jersey City LLC
Hmob Of Jersey City Owner LLC
Bargain And Sale Deed
—
May 4, 2016
—
Hmob Of Oradell Owner LLC
—
Deed
related
$81,500,000 · Natixis R/e Cap
Dec 30, 2011
—
Hajjar Medical Office Building
—
Deed Of Trust
related
$8,000,000 · Continental Casualty Co
Jul 8, 2010
—
Hajjar Medical Office Building
—
Trustees Deed
related
$6,500,000 · Columbia Bank
Aug 24, 2009
$23,000
Hajjar Medical Office Building
Jersey City Redevelopment Agcy
Grant Deed
—
Aug 1, 2008
$3,000,000
Hajjar Medical Office Building
Pelc,anna E
Grant Deed
—
—
—
Hmob Of Oradell Owner LLC
—
Deed Of Trust
related
$81,500,000 · Natixis R/e Cap
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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