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    194-196 Union Ave Paterson, NJ 07502

    For Sale
    $899,900

    Lots and Land - Paterson City, NJ

    Lot size:
    0.11 Acres
    Days on Market:
    284
    Last Refresh:
    Dec 14 at 6:06 am

    Property Features for 194-196 Union Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B-2 Community
    Lot size
    0.11 Acres

    Building Details

    Architectural style
    Other

    Premier Properties - The Damiano Group (973) 256-0303 [email protected]

    Listing agent RAYMOND DAMIANO (973) 256-0303

    Listing date Mar 6, 2025

    MLS# 3949410 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

    Mixed-Use Property in Paterson City

    This mixed-use property in Paterson City, NJ, features 15 residential units, including 9 one-bedroom and 6 two-bedroom apartments, along with one commercial unit at ground level. The property is zoned B-2 Community and occupies a lot size of 0.11 acres. Plans for the property are available, and it is almost ready for occupancy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Casa Montego Bar

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Paterson
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.19306
    Latitude
    40.91621

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with 15 residential units and one commercial unit.
    Where is this mixed-use property located?
    The property is located at 194-196 Union Ave Paterson, NJ.
    What is the asking price?
    The asking price for this property is $899,900.
    What are key features of this property?
    This property features: - 15 Residential Units featuring a mix of one and two bedroom layouts (9 one-bedroom, 6 two-bedroom).; - Includes one Commercial Unit at Ground Level.; - Almost Ready to Go.
    (973) 256-0303
    Request Owner's contact information
    194-196 Union Ave Paterson, NJ 07502
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    Paterson, NJ 07502
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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
    194-196 Union Ave Paterson, NJ 07502
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