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Property profile & analytics
OFF-MARKET
Estimated value
$1,130,000
Residential income homes
813-815 14th St 815 Newark, NJ 07108-1372
Entity Owned
3-yr Hold
Property ID
US59-1582943
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1952
Construction
FRAME
Total area
882 SF
Lot
0.09 ac (3,751 SF)
APN
14 02647-0000-00024
UPID
US59-1582943
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
$1.13M
Owner & transaction history
813 S 14th LLC · 3 yrs held
813 S 14th LLC
since 2023
Last sale
$1.3M
7 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 Newark submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newark 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
$1,281 / 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
$21,856
Tax year 2022
Assessed value
$585,000
Assessed 2023
Previous assessed
$585,000
+0.0% YoY
Effective rate
3.74%
On assessed value
Assessed land
$120,000
Assessed improvement
$465,000
Land market value
$120,000
Improvement market value
$465,000
Total market value
$585,000
Applied tax rate
14.0000
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
1952
Construction
FRAME
Heating
NONE
Stories
3
Units
1
Total area
882 SF
Lot
0.09 ac (3,751 SF)
APN
14 02647-0000-00024
UPID
US59-1582943
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA 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
1952
Construction
FRAME
Heating
NONE
Stories
3
Units
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
813 S 14th LLC
Entity
Mailing address
102 E UNIT U ST #1282, BROOKLYN, NY 11229
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2023
$1,250,000
813 S 14th LLC
813 815 S 14th LLC
Deed
$937,500 · Spencer Savings Bank Sla
May 29, 2018
$340,000
813-815 S 14th LLC
East Orange Invs Phase 3 LLC
Grant Deed
—
Mar 29, 2018
$243,000
East Orange Invs Phase 3 LLC
Alexander Street 2 LLC
Grant Deed
—
Oct 20, 2005
$584,120
813 S 14th Street LLC
Kay,christopher
Grant Deed
$58,412 · Peter Leoutsakos
Oct 20, 2005
$29,206
Christopher Kay
Leoutsakos,peter
Grant Deed
—
Oct 20, 2005
$58,412
Christopher Kay
813-815 South 14th Street LLC
Grant Deed
—
—
—
813-815 S 14th LLC
—
Deed Of Trust
related
$2,750,000 · Hkj R/e Fund LLP
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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