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Property profile & analytics
OFF-MARKET
Estimated value
$1,825,000
Office buildings
90 Paterson St New Brunswick, NJ 08901-2109
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-2836965
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Construction
BRICK
Total area
7,000 SF
Lot
0.1 ac (4,368 SF)
Zoning code
C-4
APN
13 00019-0000-00018- 01
UPID
US59-2836965
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
-
Heraa Chaudhry, MD Pediatrician Physician
-
Dr. Shauhab Chaudhry Physician
-
Prolis (Bike/Boat/Book/etc) Store Corporate Office
-
Real Estate Funding Solutions Loan Service Bank
-
Primary Care of New Brunswick Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.87M
CAP Approach
CAP
$1.76M
Comparable Approach
Comparable
$2.34M
Blend (final)
Blend
$1.83M
Owner & transaction history
90 Paterson Street New Brunswick Ll · 4 yrs held
90 Paterson Street New Brunswick Ll
since 2022
Last sale
$1.8M
4 recorded transactions
Zoning & alternative use
C-4 · New Brunswick, NJ
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 New Brunswick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Brunswick 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
$1,900,000
ML approach
$1,865,000
CAP Approach
CAP Return
Estimation
6%
$1,905,000
6.5%
$1,760,000
7%
$1,630,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,990,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,785,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$1.83M
Range $1.64M – $2.01M · ±10% · vs last sale $1.80M (Jan 24 2022)
Last sale anchor
$1.80M
Jan 24 2022
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
$261 / 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
$34,321
Tax year 2022
Assessed value
$1,600,000
Assessed 2023
Previous assessed
$1,600,000
+0.0% YoY
Effective rate
2.15%
On assessed value
Assessed land
$438,000
Assessed improvement
$1,162,000
Land market value
$438,000
Improvement market value
$1,162,000
Total market value
$1,600,000
Applied tax rate
13.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1900
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Total area
7,000 SF
Lot
0.1 ac (4,368 SF)
Zoning code
C-4
APN
13 00019-0000-00018- 01
UPID
US59-2836965
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
C-4 · New Brunswick, NJ
Zoning C-4 · permitted uses
C-4 · New Brunswick, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Brunswick. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
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
1900
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
90 Paterson Street New Brunswick Ll
Individual
Mailing address
90 PATERSON ST, NEW BRUNSWICK, NJ 08901-2109
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2022
$1,800,000
90 Paterson Street New Brunswick Ll
90 Paterson Street Associates LLC
Bargain And Sale Deed
$550,000 · 90 Paterson Street Associates LLC
Jan 24, 2022
$550,000
90 Paterson Street Associates LLC
90 Paterson Street New Brunswick Ll
Assignment Of Lease (leasehold Sale)
—
Mar 23, 2015
$1,175,000
90 Paterson Street Associates
90 Paterson LLC
Grant Deed
related
$1,031,250 · First Constitution Bk
Jul 30, 2014
$922,500
90 Paterson LLC
Nbps Associates LLC
Grant Deed
$500,000 · Unity 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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