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    70-96 Ct St Paterson, NJ 07503

    For Sale
    $19,800,000

    Prime Paterson location, high redevelopment potential.

    Property size:
    5,600 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional 5,600 square foot property located at 70-96 Court Street, Paterson, NJ, presents a unique redevelopment opportunity in Area 11. The site offers significant potential due to its size and strategic proximity to St. Joseph's University Medical Center. The existing structures on the property, including a newer medical facility, could be repurposed or demolished to accommodate a variety of new construction projects. The land is well-suited for a range of uses, including ancillary medical facilities, residential developments, retail spaces, or a storage facility. Currently zoned 4A, there's potential for zoning changes or variances that could unlock even more intensive uses. This presents a compelling investment opportunity for developers seeking a prime location with substantial upside. Detailed lot information and tax maps are available through the State's information resources. The asking price for this significant property is $19,800,000. This is a rare chance to acquire a substantial parcel in a rapidly developing area of Paterson, offering a high return on investment for the right developer. Don't miss this chance to shape the future of this vibrant city.

    Property Features for 70-96 Ct St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    5,600 SF

    Building Details

    Year Built
    1940
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Paterson
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.16546
    Latitude
    40.89941

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Paterson location, high redevelopment potential.
    Where is this commercial real estate located?
    The property is located at 70-96 Ct St Paterson, NJ.
    What is the asking price?
    The asking price for this property is $19,800,000.
    (201) 962-9555
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    70-96 Ct St Paterson, NJ 07503
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    Paterson, NJ 07503
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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
    70-96 Ct St Paterson, NJ 07503
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