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Property profile & analytics
OFF-MARKET
Estimated value
$2,960,000
Residential income homes
7505 Park Ave North Bergen, NJ 07047-5891
Entity Owned
6-yr Hold
Property ID
US59-1900588
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
2017
Construction
BRICK
Total area
15,052 SF
Lot
0.1 ac (4,550 SF)
Zoning code
R1
APN
08 00303-0000-00003
UPID
US59-1900588
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
-
Le Parc Apartment Building
-
B&G Electrical Solutions Electrical Service General Contractor
-
Pro QB Assistance Accounting Firm
-
QuickBooks Customer Service Phone Number USA | QuickBooks Support Phone Number Accounting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.88M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.96M
Owner & transaction history
2207 East 4th Street Associates LLC · 6 yrs held
2207 East 4th Street Associates LLC
since 2019
2 recorded transactions
Zoning & alternative use
R1 · North Bergen, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To preserve the traditional scale and pattern of North Bergen's low-density neighborhoods and to otherwise reinforce the residential character of the district and to regulate those buildings and activities not compatible with district objectives as expressed in the Land Use Plan
Zone name
Low Density Residential
General category
RESIDENTIAL
Zone area
627.96 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$4.4M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,200,000
6.5%
$3,875,000
7%
$3,600,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,840,000
Current use
COMMERCIAL (GENERAL)
$4,360,000
Change: +14% · Conversion: Moderate
Blend value · Realmo final
$2.96M
Range $2.66M – $3.26M · ±10%
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
$197 / 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
$63,950
Tax year 2022
Assessed value
$4,050,000
Assessed 2023
Previous assessed
$4,050,000
+0.0% YoY
Effective rate
1.58%
On assessed value
Assessed land
$439,900
Assessed improvement
$3,610,100
Land market value
$439,900
Improvement market value
$3,610,100
Total market value
$4,050,000
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
2017
Construction
BRICK
Heating
NONE
Stories
3
Units
9
Total area
15,052 SF
Lot
0.1 ac (4,550 SF)
Zoning code
R1
APN
08 00303-0000-00003
UPID
US59-1900588
Jurisdiction
HUDSON
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R1 · North Bergen, NJZoning R1 · permitted uses
R1 · North Bergen, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
To preserve the traditional scale and pattern of North Bergen's low-density neighborhoods and to otherwise reinforce the residential character of the district and to regulate those buildings and activities not compatible with district objectives as expressed in the Land Use Plan
Zone name
Low Density Residential
General category
RESIDENTIAL
Zone area
627.96 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$4.4M
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
2017
Construction
BRICK
Heating
NONE
Stories
3
Units
9
Lot
0.1 ac
Current owner
From public records · entity-resolved
2207 East 4th Street Associates LLC
Entity
Mailing address
7505 PARK AVE, NORTH BERGEN, NJ 07047-5891
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2019
$3,250,000
2207 East 4th Street Associates LLC
111 75th Street LLC
Deed
$1,150,000 · Investors Bank
Dec 16, 2014
$710,000
111 75th St LLC
Newark Br Of New Apostolic Ch/nor
Grant Deed
—
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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