45 MARTIN ST
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Location
45 MARTIN ST
Parcel ID
034/ 0138/ 000/ /
Owner
OKONITE COMPANY THE
Total Market Value
$3,218,512
Appraisal
$3,218,512
PID
7752
Building Count
1
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2025$1,974,912$1,243,600$3,218,512
Assessment
Valuation YearImprovementsLandTotal
2025$1,974,912$1,243,600$3,218,512

Owner of Record
OwnerOKONITE COMPANY THE
Co-Owner
AddressPO BOX 340
RAMSEY, NJ 07446
Sale Price$0
Certificate
Book & Page 1769/667
Sale Date04/06/2018
Instrument14

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
OKONITE COMPANY THE$0 1769/6671404/06/2018
OKONITE COMPANY THE$0 1314/06051401/31/2006
OKONITE COMPANY THE$0 0264/04850007/13/1978
DEVELOPMENT REALTY CORP$0 0/00001/01/1900

Building Information
Building 1 : Section 1
Year Built: 1955
Living Area: 173,120
Replacement Cost: $9,083,071
Building Percent Good: 20
Replacement Cost
Less Depreciation:
$1,816,600
Building Attributes
FieldDescription
StyleIndustrial
ModelInd/Comm
GradeAverage
Stories1
Occupancy1.00
PrimaryConcrete
Exterior Wall 2 
Roof StructureFlat
Roof CoverTar and Gravel
Interior Wall 1Unfinished
Interior Wall 2 
Interior Floor 1Concrete
Heating FuelGas
Building UseInd Mdl-96
CoolingNone
Cooling Percent0
Interior Floor 2 
Heat 1Package or Space
Frame TypeMasonry
Heat 1 Pct100
Heat 200
Heat 2 Pct0
Wall Height16.00
Baths/PlumbingMinimal
Sprinkler TypeNone
Sprinkler Pct0
Ceiling/WallOpen/None
Rooms/PrtnAverage
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 151,120 151,120
AOFOffice 22,000 22,000
CPYCanopy 250 0
ULPUncovered Loading Platform 442 0
   173,812 173,120

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
MEZZMezzanine2400.00 SF$121

Land
Land Use
Use Code400
DescriptionInd Mdl-96  
Zone0060
NeighborhoodI1
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)13.23
Frontage
Depth
Total Market Land$1,243,600
Appraised Value$1,243,600

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
PAVPavingASAsphalt130000.00 SF$130,0001
FN2Fence 6"FNFence3000.00 SF$25,2001
LT1LightLTLight2.00 UT$1,0001
LT3Light TripleLTLight2.00 UT$2,1001
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2025$1,974,912$1,243,600$3,218,512
2024$1,885,512$1,077,000$2,962,512
2023$1,885,512$1,077,000$2,962,512

Assessment
Valuation YearImprovementsLandTotal
2025$1,974,912$1,243,600$3,218,512
2024$1,885,512$1,077,000$2,962,512
2023$1,885,512$1,077,000$2,962,512

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