59-63 Broadway Paterson, NJ 07505
Mixed-use building with retail and apartments in a busy area.
Source: Century 21 Cedarcrest Realty, Inc.
Displayed information 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 storefronts on the street level and three two-bedroom apartments on the second floor. It is situated in the busy downtown area of Paterson, New Jersey, near a bus terminal with service to New York City and various locations within New Jersey. The property is approximately a 30-minute drive to New York City via Route 80. The total annual rent income is $180,000, with a net income of $118,860, representing an 8.5% return.
Location Intelligence
Current Use by Public Records
Storefront properties
Location Insight
- Map
- Local Demand
- City
- Paterson
- County
- Passaic
- State
- New Jersey
- Longitude
- -74.172608
- Latitude
- 40.9191311
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with retail and apartments in a busy area.
Where is this mixed-use property located?
The property is located at 59-63 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 with 3 storefronts and 3 two-bedroom apartments.; - Located in a busy downtown area with a bus terminal and transportation options.