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Property profile & analytics
OFF-MARKET
Estimated value
$2,155,000
Residential income homes
7222 Broadway North Bergen, NJ 07047-5742
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-0568341
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1930
Construction
BRICK
Total area
11,004 SF
Lot
0.08 ac (3,600 SF)
Zoning code
C1
APN
08 00306-0000-00042
UPID
US59-0568341
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
-
Spider Vein Treatment Paramus Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.16M
CAP Approach
CAP
$2.84M
Comparable Approach
Comparable
$2.53M
Blend (final)
Blend
$2.16M
Owner & transaction history
7222 Broadway Apts LLC · 2 yrs held
7222 Broadway Apts LLC
since 2024
Last sale
$2.2M
6 recorded transactions
Zoning & alternative use
C1 · North Bergen, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.2M
+13.6%
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 North Bergen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Bergen 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
$2,155,000
ML approach
$2,155,000
CAP Approach
CAP Return
Estimation
6%
$3,070,000
6.5%
$2,835,000
7%
$2,630,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,805,000
Current use
COMMERCIAL (GENERAL)
$3,190,000
Change: +14% · Conversion: Moderate
Blend value · Realmo final
$2.16M
Range $1.94M – $2.37M · ±10% · vs last sale $2.15M (Jan 24 2024)
Last sale anchor
$2.15M
Jan 24 2024
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
$196 / 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
$20,849
Tax year 2022
Assessed value
$1,320,400
Assessed 2023
Previous assessed
$1,320,400
+0.0% YoY
Effective rate
1.58%
On assessed value
Assessed land
$252,000
Assessed improvement
$1,068,400
Land market value
$252,000
Improvement market value
$1,068,400
Total market value
$1,320,400
Applied tax rate
8.0000
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
Year built
1930
Construction
BRICK
Heating
NONE
Stories
4
Units
13
Total area
11,004 SF
Lot
0.08 ac (3,600 SF)
Zoning code
C1
APN
08 00306-0000-00042
UPID
US59-0568341
Jurisdiction
HUDSON
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C1 · North Bergen, NJ
Zoning C1 · permitted uses
C1 · North Bergen, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Bergen. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$3.2M
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
Year built
1930
Construction
BRICK
Heating
NONE
Stories
4
Units
13
Lot
0.08 ac
Current owner
From public records · entity-resolved
7222 Broadway Apts LLC
Entity
Mailing address
35 ADAMS ST, LAKEWOOD, NJ 08701-2304
Ownership since
2024
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
Jan 24, 2024
$2,152,910
7222 Broadway Apts LLC
Apple Blossom Holdings 1 LLC
Deed
—
Feb 22, 2018
—
Behr2 LLC
7222 Broadway LLC
Grant Deed
related
—
Feb 22, 2018
$2,275,000
Apple Blossom Holdings 1 LLC
7222 Broadway LLC
Trustees Deed
related
$165,000,000 · Tpg Re Fin 2 Ltd
Dec 1, 2008
$690,000
7222 Broadway LLC
Stojanovic Group LLC
Grant Deed
$475,000 · Sovereign Bk
—
—
7222 Broadway LLC
—
Deed Of Trust
related
$975,000 · Connectone Bk
—
—
7222 Broadway LLC
—
Deed Of Trust
related
$682,500 · Hudson Vly Bk
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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