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Property profile & analytics
FOR SALE
Commercial real estate
768 Stuyvesant Ave Lyndhurst, NJ 07071
Individually Owned
32-yr Hold
~
Est. High Equity
Property ID
US59-1841686
For Sale
1 / 22
$1,695,000
768 Stuyvesant Ave, Lyndhurst, NJ 07071
View Listing →
Property summary
AI-generated overview
Prime Lyndhurst location presents a unique opportunity to acquire Lee's Hawaiian Islander Restaurant, a well-established, 52-year-old business. This turnkey operation includes the real estate, liquor license, and all fixtures. The 5,000 square foot, two-story building sits on a 12,240 square foot lot, zoned B-Business, and boasts a spacious open dining area, mezzanine level for private parties, and a large kitchen (1,000+ sq ft). With 22 parking spaces and a prominent corner location, this property benefits from high visibility and convenient access. Recent improvements (within the past four years) include a new roof, bathrooms, boiler, heater, sewer lines, and an updated AC split system for the bar area. Exterior stucco and paint have also been refreshed. The asking price is $1,975,000 ($395/sq ft). The property is available for occupancy on June 30, 2024. This is a rare chance to own a piece of New Jersey history, ideally suited for a continuation of the existing business or a new venture. Built in 1962, this restaurant is considered the last vintage tiki bar in New Jersey.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1962
Total area
4,032 SF
Lot
0.28 ac (12,284 SF)
APN
32 00188-0000-00057
UPID
US59-1841686
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
-
Lee's Hawaiian Islander Bar & Pub Nightclub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$865k
Comparable Approach
Comparable
$657k
Blend (final)
Blend
$775k
Owner & transaction history
New Way Hing Rlty · 32 yrs held
New Way Hing Rlty
since 1994
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$975,000
+14.8%
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 Lyndhurst submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lyndhurst 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%
$935,000
6.5%
$865,000
7%
$805,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$850,000
Current use
OFFICE BUILDING
$975,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$775k
Range $698k – $853k · ±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
$192 / 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
$30,048
Tax year 2022
Assessed value
$1,300,500
Assessed 2023
Previous assessed
$1,300,500
+0.0% YoY
Effective rate
2.31%
On assessed value
Assessed land
$674,300
Assessed improvement
$626,200
Land market value
$674,300
Improvement market value
$626,200
Total market value
$1,300,500
Applied tax rate
32.0000
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
For Sale
Year built
1962
Heating
NONE
Stories
2
Units
1
Total area
4,032 SF
Lot
0.28 ac (12,284 SF)
APN
32 00188-0000-00057
UPID
US59-1841686
Jurisdiction
BERGEN
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
COMMERCIAL (GENERAL) Current
Est. value
$850,000
OFFICE BUILDING
Est. value
$975,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1962
Heating
NONE
Stories
2
Units
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
New Way Hing Rlty
Individual
Mailing address
768 STUYVESANT AVE, LYNDHURST, NJ 07071-3037
Ownership since
1994
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 1994
$100,000
New Way Hing Rlty
Wah Hing Rlty In
Grant Deed
related
$300,000 · Sellers Financed
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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