Renovated Commercial Building
207 E 15Th St Paterson, NJ 07524
207 E 15Th St, Paterson, NJ, 07524
$564,900
For Sale
$564,900
Move-in ready, renovated commercial building with flexible space.
Property Size2,450 SF
Lot Size0.06 Acres
Price / SF$230.57
Days on Market182
Property Features for 207 E 15Th St
General Information
- Standard status
- Active
- Size
- 2,450 SF
- Lot size
- 0.06 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing Agency
WEICHERT REALTORS
(973) 838-6200
Listed by
TOM PHILLIPS
Source
Corcoran
Added: Jan 16 Checked: Jul 16 at 3:32 am
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 WEICHERT REALTORS
Investment Insights
Based on property information with market context.
This completely renovated commercial building is in move-in condition and ready for a new owner. The building features a stucco exterior, freshly painted interior, new sheetrock, and new tile flooring. It has an updated 200 Amp 3-phase electrical service, a new garage door, and a new gas heating and central air unit. The first floor offers a large open space that can be partitioned into office space or used as a warehouse or storage facility. A full unfinished basement provides additional storage. A new garage door on the left side of the building facilitates loading and unloading. Previously used as a screen-printing shop for signs, T-shirts, and promotional products, the property offers versatile potential business uses. The property size is 2450 square feet.
Key Highlights
- Completely renovated and move‑in ready commercial building
- Updated 200 Amp 3‑phase electrical service
- Versatile open first floor suitable for office or warehouse use
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.3k | $17.28 |
| − Vacancy | −$2.5k | −$1.04 |
| EGI | $39.8k | $16.24 |
| − OpEx | −$6.0k | −$2.44 |
| NOI | $33.8k | $13.81 |
2,450 SF · lease $17.28/SF/yr · vacancy 6.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$483.2K
$422.8K – $563.8K
NOI $33,826 @ 7.0% cap · market cap 5.99%
Second Best
Industrial
$398.0K
$348.2K – $464.3K
NOI $27,857 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$639.7K
$559.8K – $746.4K
NOI $44,782 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Florentino Brothers HVAC ...
HVAC Service
lf graphics llc
Marketing & Advertising
Similar For Sale Nearby
Similar Off Market Nearby
- Traplandia — 198 Lafayette St, Paterson, NJ 07501
- JoiFul Catering — 242 E 27th St, Paterson, NJ 07514
- Mr. G's — 455 E 18th St, Paterson, NJ 07514
FAQs
What type of property is this?
Flex space - Move-in ready, renovated commercial building with flexible space.
Where is this flex space located?
The property is located at 207 E 15Th St Paterson, NJ.
What is the asking price?
The asking price for this property is $564,900.
What are key features of this property?
This property features: Completely renovated and move‑in ready commercial building; Updated 200 Amp 3‑phase electrical service; Versatile open first floor suitable for office or warehouse use
