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    153-155 Ellison St Paterson, NJ 07505

    For Sale
    $1,990,000

    Commercial - Paterson City, NJ

    Property size:
    5,300 SF
    Lot size:
    0.12 Acres
    Days on Market:
    14
    Last Refresh:
    Dec 15 at 1:06 am

    Property Features for 153-155 Ellison St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    commercial
    Rooms
    Basement
    Basement Y/N
    1
    Size
    5,300 SF
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Electric (Heating), Radiant
    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Floors in Building
    3
    Number of units
    9
    Flooring type
    Laminate, Tile, Wood
    Building materials
    Block, Brick
    Roof type
    Flat, Rubber
    Architectural style
    Other

    Nicholas Real Estate (973) 725-3778 [email protected]

    Listing agent JUANA E. TORRES (973) 340-1202

    Listing date Dec 2, 2025

    MLS# 3982663 Listing URL

    Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Paterson Mixed-Use Investment Opportunity

    Located in the heart of downtown Paterson, this mixed-use building features nine units, including five residential apartments and four commercial spaces. The property has undergone many updates and presents a hands-off investment opportunity. The residential units include one three-bedroom, two two-bedroom, and two one-bedroom apartments, all described as spacious. One unit is currently vacant and ready for rental. Most tenants are currently on month-to-month leases. This property is a true investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Clothing Store Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Paterson
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.17085
    Latitude
    40.91731

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    FAQs

    What type of property is this?
    Mixed-use property - Nine-unit building with commercial and residential spaces in downtown Paterson.
    Where is this mixed-use property located?
    The property is located at 153-155 Ellison St Paterson, NJ.
    What is the asking price?
    The asking price for this property is $1,990,000.
    What are key features of this property?
    This property features: - 9-unit building in downtown Paterson, featuring 5 residential and 4 commercial units.; - Recently obtained green card status.; - One vacant residential unit available for immediate rental.
    (973) 340-1202
    Request Owner's contact information
    153-155 Ellison St Paterson, NJ 07505
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    153-155 Ellison St Paterson, NJ 07505
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