83 Broadway, Paterson City, NJ 07505
83 Broadway, Paterson City, NJ 07505
83 Broadway, Paterson City, NJ 07505
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$1,598,000
Est. payment /mo
9,100 SqFt
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Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 9,100 sqft

Price per Sqft $175

MLS Listing ID 4008801

Annual Tax Amount $33,438

Tax Year 2024

Lot Size 2,178 Sqft

Property Sub-Type Mixed Use

Property Description

Spacious mixed-use investment opportunity located in the heart of vibrant downtown Paterson. This over 9,000 sq ft building features seven total units, including three 3-bedroom apartments, three 2-bedroom apartments, and a large street level storefront with excellent visibility and foot traffic.The property offers strong income potential, with projected rents of up to $20,000 per month. Ideal for investors seeking a high-yield asset in a growing commercial corridor, close to public transportation, shops, restaurants, and major highways.The storefront is currently vacant, presenting a prime opportunity for an owner-user to operate their own business while collecting rental income from the residential units, or for an investor to secure a substantial income producing property in a prime location.

Location

State NJ

County Passaic

Zoning B-4

Rooms

Basement Full

Interior

Heating Gas-Natural

Cooling No Cool

Equipment See Remarks

Heat Source Gas-Natural

Exterior

Exterior Feature Brick/Block

Utilities Available Gas In Street

Roof Type Flat

Building

Story 4

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple


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Garden State MLS(GSMLS)
Listed by ESSENTIAL REAL ESTATE

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Name

Name

Phone*

Phone

Message

Message
Naveen Sharma

+1(732) 429-0939

naveen@fourpointrealty.com

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83 Broadway