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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 (GSMLS) - 38 - NJ
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 $300K
$450K
Taxes
AVG $21,662
$16,587
Visits
AVG 218
386
Year Built
AVG 1944
1920
Walkscore
AVG 97
96
Data Provided by Walkscore ® not using MLS data

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