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Property profile & analytics
OFF-MARKET
Estimated value
$19,930,000
Industrial properties
660 Grv St Jersey City, NJ 07310-1232
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-1743615
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1901
Construction
BRICK
Lot
2.48 ac (107,998 SF)
Zoning code
I-2
APN
06 06102-0000-00001
UPID
US59-1743615
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.93M
Owner & transaction history
660 Grove St Property Mgt LLC · 3 yrs held
660 Grove St Property Mgt LLC
since 2022
Last sale
$19.0M
5 recorded transactions
Zoning & alternative use
I-2 · Jersey City, NJ
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
Method
Estimation
Statistic approach
$21,795,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$19.93M
Range $17.94M – $21.92M · ±10% · vs last sale $19.00M (Sep 27 2022)
Last sale anchor
$19.00M
Sep 27 2022
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
—
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
$102,554
Tax year 2022
Assessed value
$4,842,000
Assessed 2023
Previous assessed
$4,842,000
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$3,955,800
Assessed improvement
$886,200
Land market value
$3,955,800
Improvement market value
$886,200
Total market value
$4,842,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1901
Construction
BRICK
Heating
NONE
Stories
1
Lot
2.48 ac (107,998 SF)
Zoning code
I-2
APN
06 06102-0000-00001
UPID
US59-1743615
Jurisdiction
HUDSON
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
I-2 · Jersey City, NJ
Zoning I-2 · permitted uses
I-2 · Jersey City, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jersey City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1901
Construction
BRICK
Heating
NONE
Stories
1
Lot
2.48 ac
Current owner
From public records · entity-resolved
660 Grove St Property Mgt LLC
Entity
Mailing address
1203 RTE 9TH S, WOODBRIDGE, NJ 07095
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2025
—
660 Grove St Property Mgt LLC
—
Deed
related
$22,600,000 · Metropolitan Commercial Bank
Feb 5, 2025
—
660 Grove St Property Mgt LLC
—
Deed
related
$15,000,000 · Bcb Community Bank
Sep 27, 2022
$19,000,000
660 Grove St Property Mgt LLC
Sebastian Demarco
Deed
$19,617,500 · Bcb Community Bank
Sep 14, 2017
—
Lucy Berritto
Berritto Mary L Trust 2012
Quit Claim Deed
related
—
Dec 31, 2012
—
Berritto Mary L Trust 2012
Berritto,mary L
Quit Claim Deed
related
—
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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