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    538 Summer St Paterson, NJ 07501

    For Sale
    $539,999

    Mixed-use property in high-traffic area with commercial and residential units.

    Lot size:
    0.04 Acres

    Property Features for 538 Summer St

    General Information

    Lot size
    0.04 Acres

    Building Details

    Year built
    1970

    Source: CHRISTIE'S INT. REAL ESTATE GROUP Agent ERIKA FERNANDEZ RAMOS

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

    Overview

    Mixed-Use Property on Summer Street

    This mixed-use property is located on Summer Street in a high-traffic area. The commercial building is currently occupied by a barbershop on the first floor. A separate, private entrance leads to a residential apartment on the upper level. The apartment features 3 bedrooms, 2 bathrooms, an eat-in kitchen, and a living room. The property also includes a two-car parking space.
    Insight Report Location Intelligence

    Current Use by Public Records

    LA UNION BARBERSHOP Barber Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Clothing Store 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
    -74.1638529
    Latitude
    40.9091219

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property in high-traffic area with commercial and residential units.
    Where is this mixed-use property located?
    The property is located at 538 Summer St Paterson, NJ.
    What is the asking price?
    The asking price for this property is $539,999.
    What are key features of this property?
    This property features: - Mixed-use property with commercial and residential units; - High traffic location on Summer St.; - Commercial unit currently occupied by a barbershop
    (201) 904-2085
    Request Owner's contact information
    538 Summer St Paterson, NJ 07501
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    Paterson, NJ 07501
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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
    538 Summer St Paterson, NJ 07501
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