Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,160,000
Residential income homes
94 Park Ave Nutley, NJ 07110-3508
Entity Owned
2-yr Hold
Property ID
US59-3063519
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1967
Lot
0.35 ac (15,100 SF)
Zoning code
R-2
APN
16 06702-0000-00021
UPID
US59-3063519
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
-
Bambooven Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.16M
Owner & transaction history
Park 94 LLC · 2 yrs held
Park 94 LLC
since 2023
Last sale
$3.0M
4 recorded transactions
Zoning & alternative use
R-2 · Nutley, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
and R-2 Districts, as prescribed. B. Garden apartments, as provided in Article IX . C. Townhouses as permitted in Article X . D. Home occupations and professions, Category A. § 700-14 Permitted uses in R-SC Zoning District. The following uses are permitted in the R-SC Zoning District: A. Senior citizen housing units. B. Accessory uses to senior citizen housi…
Zone name
Residential Two Family
General category
RESIDENTIAL
Zone area
157.77 ac
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 Nutley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nutley 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
$4,160,000
ML approach
$3,970,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.16M
Range $3.74M – $4.58M · ±10% · vs last sale $3.00M (Dec 21 2023)
Last sale anchor
$3.00M
Dec 21 2023
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
—
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
$47,790
Tax year 2022
Assessed value
$1,589,100
Assessed 2023
Previous assessed
$1,589,100
+0.0% YoY
Effective rate
3.01%
On assessed value
Assessed land
$630,000
Assessed improvement
$959,100
Land market value
$630,000
Improvement market value
$959,100
Total market value
$1,589,100
Applied tax rate
16.0000
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
1967
Heating
NONE
Units
1
Lot
0.35 ac (15,100 SF)
Zoning code
R-2
APN
16 06702-0000-00021
UPID
US59-3063519
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
R-2 · Nutley, NJZoning R-2 · permitted uses
R-2 · Nutley, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
and R-2 Districts, as prescribed. B. Garden apartments, as provided in Article IX . C. Townhouses as permitted in Article X . D. Home occupations and professions, Category A. § 700-14 Permitted uses in R-SC Zoning District. The following uses are permitted in the R-SC Zoning District: A. Senior citizen housing units. B. Accessory uses to senior citizen housing, including parking areas, community facilities and recreation areas.
Zone name
Residential Two Family
General category
RESIDENTIAL
Zone area
157.77 ac
Building & site characteristics
From public records
Year built
1967
Heating
NONE
Units
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Park 94 LLC
Entity
Mailing address
12 N WASHINGTON AVE, BERGENFIELD, NJ 07621-2158
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2023
$3,000,000
Park 94 LLC
94 Park Ave LLC
Deed
$1,800,000 · Td Bank NA
Jul 28, 2011
$1,900,000
94 Park Ave LLC
Lilyan LLC
Grant Deed
$1,180,000 · North Jersey Community Bank
May 18, 2007
$1,700,000
Lilyan LLC
Park Associates LLC
Grant Deed
$1,200,000 · Columbia Bank
—
—
94 Pk Ave LLC
—
Deed Of Trust
related
$1,200,000 · Northfield 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.
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 94 Park 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.
