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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Residential income homes
90 Brg St, Lambertville, NJ 08530-2121
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-3137721
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1890
Construction
FRAME
Total area
2,460 SF
Lot
0.09 ac (3,920 SF)
Zoning code
HC
APN
17 01076-0000-00008
UPID
US59-3137721
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
$660k
CAP Approach
CAP
$635k
Comparable Approach
Comparable
$556k
Blend (final)
Blend
$660k
Owner & transaction history
90 Bridge LLC · 2 yrs held
90 Bridge LLC
since 2024
Last sale
$659,815
5 recorded transactions
Zoning & alternative use
HC · Lambertville, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$460,000
+7.0%
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 Lambertville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lambertville 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
$660,000
ML approach
$660,000
CAP Approach
CAP Return
Estimation
6%
$685,000
6.5%
$635,000
7%
$590,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$430,000
Current use
COMMERCIAL (GENERAL)
$460,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$660k
Range $594k – $726k · ±10% · vs last sale $660k (Jan 4 2024)
Last sale anchor
$660k
Jan 4 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
$268 / 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
$15,773
Tax year 2022
Assessed value
$702,800
Assessed 2023
Previous assessed
$702,800
+0.0% YoY
Effective rate
2.24%
On assessed value
Assessed land
$362,300
Assessed improvement
$340,500
Land market value
$362,300
Improvement market value
$340,500
Total market value
$702,800
Applied tax rate
17.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1890
Construction
FRAME
Heating
NONE
Stories
2
Units
4
Total area
2,460 SF
Lot
0.09 ac (3,920 SF)
Zoning code
HC
APN
17 01076-0000-00008
UPID
US59-3137721
Jurisdiction
HUNTERDON
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
HC · Lambertville, NJ
Zoning HC · permitted uses
HC · Lambertville, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lambertville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$430,000
COMMERCIAL (GENERAL)
Est. value
$460,000
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
1890
Construction
FRAME
Heating
NONE
Stories
2
Units
4
Lot
0.09 ac
Current owner
From public records · entity-resolved
90 Bridge LLC
Entity
Mailing address
90 BRG ST, LAMBERTVILLE, NJ 08530-2121
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2024
$659,815
90 Bridge LLC
Hugo Alvarez
Deed
—
Sep 28, 2021
$699,000
Hugo Alvarez
Woodrose Properties LLC
Bargain And Sale Deed
$686,339 · Home Point Financial Corporation
Feb 6, 2004
$414,000
Woodrose Properties LLC
Gonzales,alberto
Grant Deed
$331,200 · Skylands Community Bank
—
—
Woodrose Properties LLC
—
Deed Of Trust
related
$750,000 · New Jersey Economic Dev Auth
—
—
Woodrose Properties LLC
—
Deed Of Trust
related
$437,500 · Univest Bk & Tr Co
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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