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    191 W Broadway Paterson, NJ 07522

    For Sale
    $1,499,900

    Commercial - Paterson City, NJ

    Lot size:
    0.05 Acres
    Days on Market:
    41
    Last Refresh:
    Dec 8 at 12:06 pm

    Property Features for 191 W Broadway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    Lot size
    0.05 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air, Multi Units

    Building Details

    Year built
    2024
    Floors in Building
    3
    Number of units
    6
    Building materials
    Vinyl Siding
    Roof type
    Flat
    Architectural style
    Other

    Keller Williams Prosperity Realty (973) 696-0077 [email protected]

    Listing agent SHAWN ANEN (973) 696-0077

    Listing date Oct 29, 2025

    MLS# 3985701 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

    New Construction Apartment Building

    This is a new construction 6-unit apartment building. The property is a quality rental property that offers a unit mix of three 3-bedroom units, two 2-bedroom units, and one 1-bedroom unit. Each unit includes its own in-unit washer and dryer. The property benefits from a 30-year tax abatement. The property is zoned for residential use and is located in Paterson City, Passaic County, New Jersey.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto One Insurance ... Insurance Agency

    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
    -74.17953
    Latitude
    40.92315

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    FAQs

    What type of property is this?
    Apartment building - New 6-unit apartment building with 30-year tax abatement.
    Where is this apartment building located?
    The property is located at 191 W Broadway Paterson, NJ.
    What is the asking price?
    The asking price for this property is $1,499,900.
    What are key features of this property?
    This property features: - New construction apartment building.; - Enjoy a **30-year tax abatement.**; - Six units total: three 3-bedroom, two 2-bedroom, and one 1-bedroom.
    (973) 696-0077
    Request Owner's contact information
    191 W Broadway Paterson, NJ 07522
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    Paterson, NJ 07522
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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
    191 W Broadway Paterson, NJ 07522
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