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    253 E 16Th St Paterson, NJ 07524

    For Lease
    $2,300 /Mo

    Recently renovated three-bedroom apartment with bonus office and shared yard.

    Lot size:
    0.08 Acres

    Property Features for 253 E 16Th St

    General Information

    Lot size
    0.08 Acres

    Building Details

    Year built
    1920

    Source: EXIT GOLDEN REALTY GROUP LLC Agent LUIS DANIEL MONTES DE OCA

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Three-Bedroom Apartment with Office

    This renovated first-floor apartment features three bedrooms and a bonus office suitable for remote work or storage. The unit includes a modern full bath and a living room. The eat-in kitchen has been newly renovated and provides space for cooking and gathering. Residents have access to a shared yard. The apartment has been completely renovated.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Paterson
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.1542917
    Latitude
    40.9289403

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    FAQs

    What type of property is this?
    Multifamily property - Recently renovated three-bedroom apartment with bonus office and shared yard.
    Where is this multifamily property located?
    The property is located at 253 E 16Th St Paterson, NJ.
    What are key features of this property?
    This property features: - Completely renovated from top to bottom offering a fresh, modern living experience.; - Three spacious bedrooms.; - Brand-new eat-in kitchen.
    (201) 997-4425
    Request Owner's contact information
    253 E 16Th St Paterson, NJ 07524
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    Paterson, NJ 07524
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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
    253 E 16Th St Paterson, NJ 07524
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