199 W Broadway, Paterson, NJ 07522
199 W Broadway, Paterson, NJ 07522
199 W Broadway, Paterson, NJ 07522
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Naveen Sharma

Naveen Sharma

+1(732) 429-0939
$4,250,000
Est. payment /mo
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Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Municipality Paterson (PAT)

Subdivision Dakota Park

MLS Listing ID 22603029

Annual Tax Amount $4,590

Tax Year 2024

Property Sub-Type Multi Family

Source MOREMLS (Monmouth Ocean Regional REALTORS®)

Property Description

Newly constructed, fully rented mixed-use investment opportunity offering immediate cash flow and long-term upside. This modern building features 12 residential units, including 3 one-bedroom/one-bath apartments and 9 two-bedroom/two-bath apartments, plus 1 ground-level retail space, all currently leased. Each residential unit offers separate heating and cooling systems along with in-unit washer/dryers. Private on-site parking adds strong tenant appeal and long-term value. In addition to the immediate cash flow, the property benefits from time remaining on a 20-year tax abatement. A well-maintained, fully stabilized investment property offering immediate income with the benefit of long-term tax advantages.

Location

State NJ

County Passaic

Area None

Building/Complex Name Dakota Park

Direction Main Street to West Broadway. Park in lot adjacent to bldg.

Interior

Heating Forced Air

Cooling Central Air

Flooring Tile, Wood

Exterior

Exterior Feature Lighting

Parking Features On Site

Roof Type Flat

Private Pool No

Building

Sewer Public Sewer

Water Public

Structure Type Lighting

New Construction No

Others

Senior Community No

Tax ID 2508-00608-12

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Monmouth Ocean MLS (MOMLS)
Listed by Haven Realty LLC

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Naveen Sharma

+1(732) 429-0939

naveen@fourpointrealty.com

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199 W Broadway