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    59 Broadway Paterson, NJ 07505

    For Sale
    $1,398,000

    Commercial - Paterson City, NJ

    Property size:
    8,520 SF
    Lot size:
    999,999.00 Acres
    Days on Market:
    77
    Last Refresh:
    Dec 7 at 3:06 pm

    Property Features for 59 Broadway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B-4
    Rooms
    Basement
    Basement Y/N
    1
    Size
    8,520 SF
    Lot size
    999,999.00 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air, Multi Units

    Building Details

    Year built
    1983
    Floors in Building
    2
    Number of units
    6
    Flooring type
    Laminate
    Building materials
    Block, Brick
    Roof type
    Flat
    Architectural style
    Other

    Cedarcrest Realty, Inc. (973) 228-1050 [email protected]

    Listing agent TRACY YAW CHAN (973) 228-1050

    Listing date Sep 22, 2025

    MLS# 3988367 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 Building in Downtown Paterson

    This mixed-use building features three street-level storefronts and three two-bedroom apartments on the second floor. It is situated in the busy downtown area of Paterson City, New Jersey, near the bus terminal with access to buses and Jitney service to New York City and various locations in New Jersey. The property is approximately a 30-minute drive to New York City via Route 80. The building generates a total annual rental income of $180,000, with a net income of $118,860.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Brillante Chinese Restaurant D & B Love ... Nail Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness 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
    -74.17259
    Latitude
    40.91901

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with retail and apartments in a busy downtown.
    Where is this mixed-use property located?
    The property is located at 59 Broadway Paterson, NJ.
    What is the asking price?
    The asking price for this property is $1,398,000.
    What are key features of this property?
    This property features: - High annual net income of $118,860, yielding an 8.5% return.; - Mixed-use building featuring 3 storefronts and 3 two-bedroom apartments.; - Prime downtown location with access to transportation, including a bus terminal and Jitney service to NYC and NJ.
    (973) 228-1050
    Request Owner's contact information
    59 Broadway Paterson, NJ 07505
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    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
    59 Broadway Paterson, NJ 07505
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