Mixed-Use Property with Finished
202 22nd Ave #202, Paterson, NJ 07513
For Sale
$359,000
Commercial zoning and a second-floor studio complement the ground-floor office space.
Property Size2,100 SF
Price / SF$170.95
Days on Market235
Property Features for 202 22nd Ave #202
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Floor
Road Access
Office Units
Property Use
Amenities
private entrance
finished basement
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Exp Realty, LLC
(866) 201-6210
Listed By:
David H Vanegas · License #280293
(201) 572-5552
Source:
Arcadiarealtors
Added: Mar 20
Changed: Nov 4
Last Checked: Nov 8 at 4:37AM
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 Exp Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 202 22nd Ave in Paterson, this 2,100-square-foot mixed-use property was built in 1980 and is zoned Commercial. The first floor is configured for office use and connects to a finished basement; a separate private entrance adds another point of access. Upstairs, a one-bedroom studio includes closet and storage space.
The property sits at a four-way traffic corner and offers off-street parking for up to two vehicles, along with on-street parking.
The property sits at a four-way traffic corner and offers off-street parking for up to two vehicles, along with on-street parking.
Key Highlights
- 2,100‑square‑foot mixed‑use property built in 1980
- First‑floor office space connects to a finished basement
- Second‑floor one‑bedroom studio with closet and storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,130
Cap Rate
8.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,600
$642.6K
Cap Rate 7%
$459,000
$459.0K
Cap Rate 9%
$357,000
$357.0K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$63.0K $30.00/SF
− Vacancy
−$20.2K −$9.60/SF
EGI
$42.8K $20.40/SF
− OpEx
−$10.7K −$5.10/SF
NOI
$32.1K $15.30/SF
Area
Paterson, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,600
Cap Rate 7%
$459,000
Cap Rate 9%
$357,000
Alternative Uses
Best Use
Office B
$459.0K
$401.6K – $535.5K
NOI $32,130 @ 7.0% cap · market cap 8.95%
Second Best
Mixed Use
$396.0K
$346.5K – $462.0K
NOI $27,720 @ 7.0% cap · market cap 7.72%
Theoretical Best
Office A
$548.4K
$479.8K – $639.8K
NOI $38,385 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,520
Businesses Nearby
Explore this area
Business Placement
Demographics for 07513, NJ
11,995
Population
3,299
Households
3.6
Avg Household Size
35
Median Age
12%
College-Educated
77%
High-School Grad
0.6 sq mi
ZIP Area
19,992
Density / Sq Mi
$64,320
Median Household Income
$34,274
Median Earnings
$1,606
Median Rent
$387,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Mixed-use properties in Paterson, NJ
Properties on Market for Mixed-use properties in Paterson
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial zoning and a second-floor studio complement the ground-floor office space.
Where is this mixed-use property located?
The property is located at 202 22nd Ave #202 Paterson, NJ.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: 2,100‑square‑foot mixed‑use property built in 1980; First‑floor office space connects to a finished basement; Second‑floor one‑bedroom studio with closet and storage space
