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Property profile & analytics
OFF-MARKET
Estimated value
$3,250,000
Residential income homes
6508 Dewey Ave 219, West New York, NJ 07093
Entity Owned
3-yr Hold
Property ID
US59-1858578
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Construction
BRICK
Total area
14,136 SF
Lot
0.1 ac (4,539 SF)
APN
12 00012-0000-00004
UPID
US59-1858578
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.25M
CAP Approach
CAP
$3.64M
Comparable Approach
Comparable
$3.73M
Blend (final)
Blend
$3.25M
Owner & transaction history
6508 Realty LLC · 3 yrs held
6508 Realty LLC
since 2023
Last sale
$2.8M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.5M
+20.0%
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 West New York submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West New York 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
$3,330,000
ML approach
$3,245,000
CAP Approach
CAP Return
Estimation
6%
$3,945,000
6.5%
$3,640,000
7%
$3,380,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,785,000
Current use
COMMERCIAL (GENERAL)
$4,540,000
Change: +20% · Conversion: Moderate
Blend value · Realmo final
$3.25M
Range $2.93M – $3.58M · ±10% · vs last sale $2.78M (Jun 14 2023)
Last sale anchor
$2.78M
Jun 14 2023
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
$230 / 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
$39,524
Tax year 2022
Assessed value
$509,200
Assessed 2023
Previous assessed
$509,200
+0.0% YoY
Effective rate
7.76%
On assessed value
Assessed land
$137,500
Assessed improvement
$371,700
Land market value
$137,500
Improvement market value
$371,700
Total market value
$509,200
Applied tax rate
12.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Construction
BRICK
Heating
NONE
Stories
4
Units
1
Total area
14,136 SF
Lot
0.1 ac (4,539 SF)
APN
12 00012-0000-00004
UPID
US59-1858578
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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$4.5M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Construction
BRICK
Heating
NONE
Stories
4
Units
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
6508 Realty LLC
Entity
Mailing address
61 LINCOLN HWY STE B1, KEARNY, NJ 07032-4502
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2023
$2,775,000
6508 Realty LLC
Anchor Development Group LLC
Deed
$1,300,000 · Northfield Bank
Mar 15, 2023
—
Anchor Development Group LLC
Alrido Realty LLC
Deed
—
—
—
Alrido Realty LLC
—
Deed Of Trust
related
$425,000 · Hudson United 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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