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    Paterson City Paterson, NJ 07501

    For Sale
    $3,000,000

    Commercial - Paterson City, NJ

    Days on Market:
    62
    Last Refresh:
    Dec 7 at 12:06 pm

    Property Features for Paterson City

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business
    Parking features
    Assigned

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2006
    Floors in Building
    3
    Number of units
    14
    Building materials
    Block, Brick
    Roof type
    Flat, See Remarks
    Architectural style
    Other

    JK REALTY (973) 472-7000 [email protected]

    Listing agent JOSEPH SIANO (973) 472-7000

    Listing date Oct 7, 2025

    MLS# 3991245 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

    Multifamily Investment in Great Falls

    Located in the Great Falls Historical District, this property presents an investment opportunity with a total of 14 units. The unit composition includes 10 units with 2 bedrooms and 2 bathrooms, and 4 units with 3 bedrooms (2 units with 2 bathrooms, and 2 units with 2.5 bathrooms). The units feature open floor plans, granite countertops, and stainless steel appliances. The building is a brick elevator building. Some units offer garaged parking, while others have outdoor parking. The property is located close to major highways including Route 80, Route 19, Route 46, and the Parkway, providing accessibility. Situated 13 miles from NYC, the location is suitable for tenants who commute to the city. This is a 20-unit condo complex, and 14 units are being sold; the remaining 6 are individually owned.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Paterson
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.171
    Latitude
    40.9126

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    FAQs

    What type of property is this?
    Apartment building - 14-unit multifamily property in Paterson City's historic district.
    Where is this apartment building located?
    The property is located at Paterson City Paterson, NJ.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: - Prime location in the Great Falls Historical District, ideal for commuters, just 13 miles from NYC.; - Significant investment opportunity with 14 units available in a 20-unit condo complex.; - Diverse unit composition: 10 units feature 2 bedrooms/2 bathrooms and 4 units feature 3 bedrooms (2 with 2 bathrooms, 2 with 2.5 bathrooms).
    (973) 472-7000
    Request Owner's contact information
    Paterson City Paterson, NJ 07501
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    Paterson, NJ 07501
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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
    Paterson City Paterson, NJ 07501
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