New Construction Multi-Family in
Paterson City Paterson, NJ 07524
Paterson City, Paterson, NJ, 07524
$860,000
Pending
For Sale
$860,000
Pending
MULTI_FAMILY - Paterson City, NJ
Property Size3,117 SF
Lot Size0.06 Acres
Days on Market49
Property Features for Paterson City
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Bedrooms
- 6
- Bathrooms
- 5
- Rooms
- Bedroom 1, Bedroom 5, Bedroom 6, Bathroom 1, Bathroom 5, Bathroom 2, Bedroom 2, Bathroom 4, Bathroom 3, Bedroom 4, Bedroom 3
- Parking
- 2
- Interior features
- Carbon Monoxide Detector, High Ceilings, Smoke Detector, Vinyl-Linoleum Floors, Walk-In Closet
- Exterior features
- Curbs, Sidewalk
- Standard status
- Pending
- Size
- 3,117 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1013
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 2026
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
COLDWELL BANKER SUSANI REALTY
(973) 790-6996
209 UNION AVENUE -, Paterson, NJ
Listed by
YORDANI NICASIO · License #410758
(973) 790-6996
Added: May 30 Checked: Jul 17 at 8:06 am
MLS# 4031081
Listing URL
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This is a new construction two-family property located in Paterson City, NJ. Each unit features 3 bedrooms and 2 full bathrooms. The units have an open layout and modern finishes. The property includes a 2-car garage and separate utilities for each unit. It is suitable for either an owner-occupant or as an investment property. The property will be delivered upon completion and includes a 5-year tax abatement. The property is close to highways, shopping, schools, and transportation. The lot size is 0.06 acres, and the property size is 3,117 square feet.
Key Highlights
- 5‑year tax abatement
- New construction 2‑family
- Each unit features: 3 bedrooms, 2 full baths
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $79.7k | $25.56 |
| − Vacancy | −$5.1k | −$1.65 |
| EGI | $74.5k | $23.91 |
| − OpEx | −$22.4k | −$7.17 |
| NOI | $52.2k | $16.74 |
3,117 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$745.2K
$652.1K – $869.5K
NOI $52,167 @ 7.0% cap · market cap 6.07%
Second Best
Apartment 5plus
$684.8K
$599.2K – $798.9K
NOI $47,933 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$813.9K
$712.2K – $949.6K
NOI $56,974 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - New construction two-family property with modern finishes and tax abatement.
Where is this duplex located?
The property is located at Paterson City Paterson, NJ.
What is the asking price?
The asking price for this property is $860,000.
What are key features of this property?
This property features: 5‑year tax abatement; New construction 2‑family; Each unit features: 3 bedrooms, 2 full baths
