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    81-85 Berkshire Ave Paterson, NJ 07502

    For Sale
    $2,250,000

    Commercial - Paterson City, NJ

    Property size:
    10,050 SF
    Lot size:
    0.16 Acres
    Days on Market:
    39
    Last Refresh:
    Dec 6 at 6:06 pm

    Property Features for 81-85 Berkshire Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    comm
    Size
    10,050 SF
    Lot size
    0.16 Acres

    Building Details

    Year built
    1900
    Floors in Building
    3
    Number of units
    9
    Building materials
    Block, Brick
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Real Broker LLC

    Listing agent ANDRES OSPINA (855) 450-0442

    Listing date Oct 29, 2025

    MLS# 3995236 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 Buildings in Paterson City

    This portfolio offering includes three adjacent mixed-use buildings located at 81-85 Berkshire Ave in Paterson City, NJ. The property features two ground-floor commercial storefronts and seven apartments above, with one-, two-, and three-bedroom layouts. This combination provides diversified income in a neighborhood setting that is near shopping, bus lines, and major roadways. The buildings are currently occupied with staggered lease expirations, which supports near-term stability. Operations are efficient, with primarily tenant-paid utilities; the owner provides cold water. Off-street parking is available via assigned spaces and on-site driveways. The property, situated on a 0.16-acre lot, totals 10,050 square feet. Attractive value-add upside exists over time through mark-to-market as leases roll, retail optimization, and potential conversion from 1 commercial unit to a residential. This North Jersey infill asset is suitable for long-term hold or a 1031 exchange.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    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
    -74.19407
    Latitude
    40.91612

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    FAQs

    What type of property is this?
    Mixed-use property - Three adjacent mixed-use buildings with commercial and residential units.
    Where is this mixed-use property located?
    The property is located at 81-85 Berkshire Ave Paterson, NJ.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: - Diversified income from two commercial storefronts and seven apartments.; - Value-add potential through lease mark-to-market, retail optimization, and potential commercial-to-residential conversion.; - Tenant-paid utilities (except cold water) for efficient operations.
    (855) 450-0442
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    81-85 Berkshire Ave 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
    81-85 Berkshire Ave Paterson, NJ 07502
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