Grocery and Convenience
For Sale
$575,000
134 E 33rd St, Paterson, NJ 07514
Commercial building constructed in 1940 and suited to grocery or convenience retail use.
Property Size2,417 SF
Price / SF$237.90
Days on Market66
Property Features for 134 E 33rd St
General Information
Standard status
Active
Size
2,417 SF
Building Details
Year Built
1940
Listing Agency:
QUICK SALE CLOSING
Listed By:
DAN SHIVER
(973) 684-5505
Source:
Luminancerealty
Added: Aug 9
Changed: Oct 4
Last Checked: Oct 13 at 1:25AM
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 QUICK SALE CLOSING
Investment Insights
Based on property information with market context.
This 2,417-square-foot grocery and convenience store property was constructed in 1940. The asset is located at 134 E 33rd St in Paterson City, New Jersey, providing a defined commercial setting for retail operations.
Key Highlights
- 2,417‑square‑foot grocery and convenience store property
- Constructed in 1940
- Located at 134 E 33rd St, Paterson City, NJ 07514
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,963
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$739,260
$739.3K
Cap Rate 7%
$528,043
$528.0K
Cap Rate 9%
$410,700
$410.7K
Market Conditions
NOI Build-Up for 2,417 SF
Gross rent
$52.2K $21.60/SF
− Vacancy
−$2.9K −$1.21/SF
EGI
$49.3K $20.39/SF
− OpEx
−$12.3K −$5.10/SF
NOI
$37.0K $15.29/SF
Area
Paterson, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$739,260
Cap Rate 7%
$528,043
Cap Rate 9%
$410,700
Alternative Uses
Best Use
Specialty Retail
$528.0K
$462.0K – $616.1K
NOI $36,963 @ 7.0% cap · market cap 6.43%
Second Best
Retail
$492.8K
$431.2K – $575.0K
NOI $34,499 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$631.1K
$552.2K – $736.3K
NOI $44,179 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,271
Businesses Nearby
75k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 46%
Burger King
Dining
15,932 visits/mo
0.3 miles
Dunkin' Donuts
Dining
15,469 visits/mo
0.2 miles
7-Eleven
Shops & Services
13,066 visits/mo
0.3 miles
Bank of America
Shops & Services
11,838 visits/mo
0.2 miles
Exxon
Shops & Services
8,752 visits/mo
0.3 miles
Demographics for 07514, NJ
19,200
Population
6,752
Households
2.8
Avg Household Size
37
Median Age
12%
College-Educated
78%
High-School Grad
0.9 sq mi
ZIP Area
21,333
Density / Sq Mi
$65,492
Median Household Income
$34,962
Median Earnings
$1,472
Median Rent
$314,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- El Aguila Supermarket #2 — 945 Madison Ave, Paterson, NJ 07501
- Gala Fresh Farm — 498 E 30th St, Paterson, NJ 07504
- Food Universe Marketplace — 498 E 30th St, Paterson, NJ 07504
- Quinones Grocery — 434 E 31st St, Paterson, NJ 07504
- New Era Supermarket — 259 Park Ave, Paterson, NJ 07501
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Commercial building constructed in 1940 and suited to grocery or convenience retail use.
Where is this grocery and convenience store located?
The property is located at 134 E 33rd St Paterson, NJ.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 2,417‑square‑foot grocery and convenience store property; Constructed in 1940; Located at 134 E 33rd St, Paterson City, NJ 07514
