Mixed-Use Building with
For Sale
$1,398,000
59-63 Broadway, Paterson, NJ 07505
Street-level retail is paired with second-floor apartments in a downtown commercial setting.
Property SizeContact for details
Days on Market502
Property Features for 59-63 Broadway
General Information
Standard status
Active
Property subtype
5+ Mixed Use
Net Operating Income
$118,860
Financials
Cap Rate
8.5%
Gross Income
$180,000
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
3 x 2BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$48,912
Amenities
0.0
Flat
Building Details
Year Built
1980
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Century 21 Cedarcrest Realty, Inc.
Listed By:
Yaw(Tracy) Chan
(973) 476-8097
Source:
Compass
Added: Apr 25, 2025
Changed: Sep 8
Last Checked: Mar 25 at 5:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Cedarcrest Realty, Inc.
Investment Insights
Based on property information with market context.
This mixed-use building combines three street-level storefronts with three 2BR apartments on the second floor. The configuration places retail and residential components within one property, offering distinct commercial and apartment spaces across two levels.
Located in the downtown area, the property is near a bus terminal, local bus service, and Jitney service to NYC and destinations throughout New Jersey. Route 80 provides a stated 30-minute drive to NYC. The property is located at 59 Broadway, Paterson, NJ 07505.
Located in the downtown area, the property is near a bus terminal, local bus service, and Jitney service to NYC and destinations throughout New Jersey. Route 80 provides a stated 30-minute drive to NYC. The property is located at 59 Broadway, Paterson, NJ 07505.
Key Highlights
- Three street‑level storefronts
- Three 2BR apartments on the second floor
- Mixed‑use configuration combining retail and residential space
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,437
Businesses Nearby
Explore this area
Business Placement
Demographics for 07505, NJ
3,215
Population
1,692
Households
1.9
Avg Household Size
38
Median Age
12%
College-Educated
71%
High-School Grad
0.2 sq mi
ZIP Area
16,075
Density / Sq Mi
$33,311
Median Household Income
$33,520
Median Earnings
$1,113
Median Rent
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level retail is paired with second-floor apartments in a downtown commercial setting.
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: Three street‑level storefronts; Three 2BR apartments on the second floor; Mixed‑use configuration combining retail and residential space
