Listing Agency: Matthews

Listed By: David Ferber · License #1974915

Source: Crexi

Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 7:08PM

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Investment Insights

Based on property information with market context.

This apartment building at 76 Park Ave in Paterson, New Jersey, contains 19 residential units and is offered for sale as a multifamily asset.

Key Highlights

• 19 residential units
• 76 Park Ave, Paterson, NJ 07501
• Apartment building offered for sale

Property Analytics

Property Profile

Current Use

P R S ... HVAC Service Carolin grocery Grocery & Convenience Store

Suggested Use

Top Pick Real Estate Agency Nursing Home Veterinary Clinic (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

19

Residential units

Location Intelligence

Trade Area within ½ mile

3,337

Businesses Nearby

Explore this area Business Placement

Demographics for 07501, NJ

37,918

Population

13,119

Households

2.9

Avg Household Size

33

Median Age

9%

College-Educated

71%

High-School Grad

1.8 sq mi

ZIP Area

21,066

Density / Sq Mi

$40,699

Median Household Income

$32,103

Median Earnings

$1,442

Median Rent

$304,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Multifamily property configured for residential occupancy.

Where is this apartment building located?

The property is located at 76 Park Ave Paterson, NJ.

What are key features of this property?

This property features: 19 residential units; 76 Park Ave, Paterson, NJ 07501; Apartment building offered for sale