Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    100 3Rd Ave, Unit 6 Paterson, NJ 07514

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,150,000

    Four-unit property with restaurant and garages, high rental income.

    Lot size:
    0.11 Acres

    Property Features for 100 3Rd Ave

    General Information

    Lot size
    0.11 Acres

    Building Details

    Year built
    1945

    Source: COLDWELL BANKER SUSANI REALTY Agent JOHN G. SUSANI

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

    Overview

    Mixed-Use Property with High Income

    This mixed-use property, listed as a four-unit building with a restaurant and garages, is located at 100, 102, and 104 3 Ave in Paterson. The property includes a one-family house, a store/restaurant, a rear apartment on the second floor, garage storage, a studio apartment, and another rear apartment. The total monthly rent is $11,310.00, resulting in an annual rent of $135,720.00. Tenants are responsible for covering their own heat and AC expenses. The property's yard offers parking space for approximately 4-5 cars. The one-family house is rented for $2,685. The rear apartment is rented for $2,400.00, and the restaurant rent is $2,200.00. The garage rent is $825.00, the studio apartment rent is $1,100.00, and the other rear unit is $2,100.00. The property taxes total $33,854.00.
    Insight Report Location Intelligence

    Current Use by Public Records

    Palmas Cafe Cafe

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Paterson
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.1467252
    Latitude
    40.9371261

    Nearby Similar for Sale

    • $830,000
      0.08 Acres

      Modern Two-Family Home in Paterson

      Stunning, modern two-family home with finished ground level.
      61 N 5Th St, Paterson, NJ 07522
      View Details
    • $775,000
      0.25 Acres

      Spacious Multi-Family Home, Paterson City

      Six-bedroom home with finished basement, convenient location in Paterson City.
      274 W Broadway, Paterson, NJ 07522
      View Details
    • $819,000
      0.06 Acres

      Multi-Family Mixed-Use Building

      Three-story mixed-use property with bodega and renovated apartments.
      609 Madison Ave, Paterson, NJ 07514
      View Details
    • New
      $999,999
      4,744 SF

      Mixed-Use Building with Upside Potential

      Five-unit building with commercial and residential income in Paterson City.
      89 Market St, Paterson, NJ 07505
      View Details
    • New
      $685,999

      Renovated Two-Family Home

      Completely renovated two-family home with modern amenities and separate utilities.
      40 N York St, Paterson, NJ 07524
      View Details
    • $1,990,000
      5,300 SF

      Paterson Mixed-Use Investment Opportunity

      Nine-unit building with commercial and residential spaces in downtown Paterson.
      153-155 Ellison St, Paterson, NJ 07505
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Four-unit property with restaurant and garages, high rental income.
    Where is this mixed-use property located?
    The property is located at 100 3Rd Ave, Unit 6 Paterson, NJ.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: - High CAP Rate: Above 8-9%.; - Significant Rental Income: Generating $135,720.00 annually.; - Multiple Income Streams: Featuring a one-family house, store/restaurant, rear apartment, garage storage, and studio apartment.
    (973) 790-6996
    Request Owner's contact information
    100 3Rd Ave, Unit 6 Paterson, NJ 07514
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    100 3Rd Ave, Unit 6
    Paterson, NJ 07514
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    100 3Rd Ave, Unit 6 Paterson, NJ 07514
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.