Address
21 W Broadway Paterson City, NJ
Price
$ 449,900
Property Attributes
  • ID#3698103
  • TypeCommercial
  • CountyPASSAIC
  • CityPaterson City
  • AreaPaterson City
  • NeighborhoodDowntown
  • Zip07505
  • StyleOffcRetl
  • Year Built1920
  • Taxes$ 16587
  • Price$ 449,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms4
  • Sqr Footage6000
  • Lot Size2,614 SqFt
Listing Provided Courtesy Of:
LEOPIZZI REAL ESTATE AGENCY
Data Source:
Garden State MLS
Property Description

Attention all investors or owner occupants great opportunity you do not want to pass up. Two unit commercial building located in downtown Paterson aggressively priced for a quick sale! The downstairs unit is currently leased as a bar paying 3300 per month. The upstairs unit is currently vacant but was previously a beauty salon and prior to that a dentist office. Going rent for upstairs unit is approx 2500-3000 per month. This building has a potential cap rate of over 10% which is very rare in the current market, perfect for an investor looking for a high ROI! Or purchaser can lease downstairs collect income and keep upstairs for themselves! Dont miss out on this opportunity!

Price History
3/16/2021 Listed $474,999
5/11/2021 6% - $449,900

General Features

Basement Full
Building # 21
Construction Brick/Block, Formed Concrete
Cooling 2 Units
Drive On-Street Parking
Flooring Carpeting, Concrete, See Remarks
Heating 2 Units
Prior Use Commercial
Property Type Free Standing Office, Office/Retail
Property Type OffcRetl
Roof Flat
Sewer Public Sewer
Tax Annual Amount 16587
Total Units 2
Town # 2508
Township Paterson City
Utilities Electric, Gas-Natural
Zoning B4

Interior Features

Fuel Type Gas-Natural

Exterior Features

Building Area Total 6000
Exterior Description Brick/Block
Lot Dimensions 27.62 X 103
Lot Features Level Lot
Water Source Public Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 07505

Price
AVG $340K
$450K
Taxes
AVG $26,245
$16,587
Visits
AVG 148
178
Year Built
AVG 1899
1920
Walkscore
AVG 98
96
Data Provided by Walkscore ® not using MLS data

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