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Property profile & analytics
OFF-MARKET
Estimated value
$4,635,000
Residential income homes
993 Stuyvesant Ave Irvington, NJ 07111-1102
Entity Owned
4-yr Hold
Property ID
US59-0764034
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1927
Total area
27,619 SF
Lot
0.41 ac (17,694 SF)
APN
09 00358-0000-00068
UPID
US59-0764034
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
$5.62M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.94M
Blend (final)
Blend
$4.64M
Owner & transaction history
993 Stuyvesant Ave LLC · 4 yrs held
993 Stuyvesant Ave LLC
since 2022
Last sale
$4.0M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.8M
+17.1%
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 Irvington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Irvington 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
$5,630,000
ML approach
$5,620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,950,000
Current use
OFFICE BUILDING
$5,800,000
Change: +17% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$4,535,000
Change: -8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,030,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$4.64M
Range $4.17M – $5.10M · ±10% · vs last sale $3.98M (Mar 29 2022)
Last sale anchor
$3.98M
Mar 29 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
$168 / 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
$66,763
Tax year 2022
Assessed value
$1,120,000
Assessed 2023
Previous assessed
$1,120,000
+0.0% YoY
Effective rate
5.96%
On assessed value
Assessed land
$640,000
Assessed improvement
$480,000
Land market value
$640,000
Improvement market value
$480,000
Total market value
$1,120,000
Applied tax rate
9.0000
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
1927
Heating
NONE
Stories
3
Units
1
Total area
27,619 SF
Lot
0.41 ac (17,694 SF)
APN
09 00358-0000-00068
UPID
US59-0764034
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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$5.0M
OFFICE BUILDING
Est. value
$5.8M
INDUSTRIAL (GENERAL)
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1927
Heating
NONE
Stories
3
Units
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
993 Stuyvesant Ave LLC
Entity
Mailing address
650 PARK AVE, EAST ORANGE, NJ 07017-1577
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
Mar 29, 2022
$3,983,347
993 Stuyvesant Ave LLC
993 999 Stuyvesant Avenue LLC
Deed
$34,120,000 · Readycap Commercial LLC
Jan 29, 2021
$3,224,664
993 999 Stuyvesant Avenue LLC
999 Stuyvesant Nuave INC
Deed
$80,982,900 · Arbor Realty SR INC
Aug 6, 2019
$2,700,000
999 Stuyvesant Nuave INC
999 Stuyvesant Ave Assocs LLC
Grant Deed
related
—
May 31, 2005
$1
999 Stuyvesant Associates LLC
999 Stuyvesant Associates
Grant Deed
related
—
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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