Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Residential income homes
91 Nichol Ave New Brunswick, NJ 08901-2837
Individually Owned
3-yr Hold
Property ID
US59-1396578
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1928
Construction
BRICK
Total area
3,165 SF
Lot
0.11 ac (4,750 SF)
Zoning code
R-5A
APN
13 00193-0000-00003- 01
UPID
US59-1396578
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
$610k
CAP Approach
CAP
$815k
Comparable Approach
Comparable
$641k
Blend (final)
Blend
$610k
Owner & transaction history
Alex Monaco · 3 yrs held
Alex Monaco
since 2022
Last sale
$585,000
5 recorded transactions
Zoning & alternative use
R-5A · New Brunswick, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$900,000
+11.7%
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
$615,000
ML approach
$610,000
CAP Approach
CAP Return
Estimation
6%
$885,000
6.5%
$815,000
7%
$755,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$805,000
Current use
OFFICE BUILDING
$900,000
Change: +12% · Conversion: Moderate
COMMERCIAL (GENERAL)
$665,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$610k
Range $549k – $671k · ±10% · vs last sale $585k (Oct 14 2022)
Last sale anchor
$585k
Oct 14 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
$193 / 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
$9,593
Tax year 2022
Assessed value
$385,400
Assessed 2023
Previous assessed
$385,400
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$159,300
Assessed improvement
$226,100
Land market value
$159,300
Improvement market value
$226,100
Total market value
$385,400
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1928
Construction
BRICK
Heating
NONE
Stories
2
Units
3
Total area
3,165 SF
Lot
0.11 ac (4,750 SF)
Zoning code
R-5A
APN
13 00193-0000-00003- 01
UPID
US59-1396578
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
R-5A · New Brunswick, NJ
Zoning R-5A · permitted uses
R-5A · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$805,000
OFFICE BUILDING
Est. value
$900,000
COMMERCIAL (GENERAL)
Est. value
$665,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
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
1928
Construction
BRICK
Heating
NONE
Stories
2
Units
3
Lot
0.11 ac
Current owner
From public records · entity-resolved
Alex Monaco
Individual
Mailing address
91 NICHOL AVE NEW BRUNSWICK
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2022
$585,000
Alex Monaco
91 Nichol Ave Family Association In
Deed
$438,750 · United Wholesale Mortgage
Oct 14, 2022
$11,051
Greymorr LLC
91 Nichol Ave Family Assoc N INC
Redemption Deed
related
—
Jul 11, 2019
—
91 Nichol Ave Family Assn INC
Yu,kevin
Grant Deed
—
Feb 29, 2016
$350,000
Kevin Yu
Tuleja Elizabeth L
Grant Deed
—
Oct 28, 2015
$350,000
Kevin Yu
Tuleja Elizabeth J
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 91 Nichol Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
