523 Park Ave, Paterson City, NJ 07504
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Naveen Sharma

Naveen Sharma

+1(732) 429-0939
$799,000
Est. payment /mo
10 Beds
3 Baths
4,500 SqFt
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UPDATED:

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 4,500 sqft

Price per Sqft $177

MLS Listing ID 4036074

Style 3-Three Story

Bedrooms 10

Full Baths 3

Year Built 1940

Annual Tax Amount $4,972

Tax Year 2025

Lot Size 1,742 Sqft

Property Description

Location, Location, Location! Exceptional investment opportunity on a highly visible corner lot at Park Avenue and East 33rd Street. This mixed-use property features two spacious residential units, each offering 5 bedrooms and 1 full bath, providing tremendous rental income potential. The first floor consists of a large vacant commercial space that previously operated as a laundromat, offering endless possibilities for redevelopment, owner occupancy, or potential business use. Buyers are encouraged to perform their own due diligence regarding permitted uses and any prior grandfathered approvals.The entire property is delivered vacant, making it ideal for investors, business owners, or owner-occupants seeking flexibility and value-add potential.Conveniently located near schools, parks, shopping, public transportation, and major highways. A rare opportunity to acquire a prominent corner property with substantial upside in one of Paterson's most desirable locations. Property being sold strictly as-is.

Location

State NJ

County Passaic

Rooms

Basement Unfinished

Interior

Interior Features Smoke Detector

Heating Electric, Gas-Natural

Cooling None

Heat Source Electric, Gas-Natural

Exterior

Exterior Feature Aluminum Siding

Parking Features On-Street Parking

Utilities Available All Underground, Gas In Street

Roof Type Composition Shingle

Building

Lot Description Corner, Level Lot

Sewer Public Sewer

Water Public Water

Architectural Style 3-Three Story

Others

Senior Community No

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Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by REALTY EMPIRE, LLC

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Naveen Sharma

+1(732) 429-0939

naveen@fourpointrealty.com

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523 Park Ave