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Property profile & analytics
OFF-MARKET
Commercial real estate
675 Garfield Ave Jersey City, NJ 07305-4239
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-0267413
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1920
Construction
BRICK
Lot
0.54 ac (23,736 SF)
APN
06 23701-0000-00027
UPID
US59-0267413
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
-
Landmark Destination Weddings Travel Agency
-
Bizy Physical Therapy Physician
-
Senior Spirit Day Center Community Center
-
Educate The Block Vocational School Training Center
-
Pauline Raitses Physician
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
667 677 Garfield Realty LLC · 4 yrs held
667 677 Garfield Realty LLC
since 2021
6 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
$111,572
Tax year 2022
Assessed value
$5,267,800
Assessed 2023
Previous assessed
$5,267,800
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$665,700
Assessed improvement
$4,602,100
Land market value
$665,700
Improvement market value
$4,602,100
Total market value
$5,267,800
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1920
Construction
BRICK
Heating
NONE
Stories
3
Lot
0.54 ac (23,736 SF)
APN
06 23701-0000-00027
UPID
US59-0267413
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
1920
Construction
BRICK
Heating
NONE
Stories
3
Lot
0.54 ac
Current owner
From public records · entity-resolved
667 677 Garfield Realty LLC
Entity
Mailing address
537 NN AVE, PLAINFIELD, NJ 07060-1416
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2021
—
667 677 Garfield Realty LLC
—
Deed
related
$1,500,000 · Tristate Capital Bank
Jun 27, 2011
—
667-677 Garfield Realty LLC
—
Deed Of Trust
related
$3,000,000 · Sun National Bank
Aug 13, 2008
—
667-677 Garfield Realty LLC
—
Trustees Deed
related
$200,000 · Deb Associates LLC
Dec 17, 2004
—
667-677 Garfield Realty LLC
—
Trustees Deed
related
$500,000 · Four B'associates
Jun 24, 2004
—
667-677 Garfield
—
Trustees Deed
related
$360,000 · Sovereign Bank
—
—
667-677 Garfield Realty LLC
—
Deed Of Trust
related
$500,000 · Louis Brooks
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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