Paterson Multifamily Property for
24 Elizabeth Street Paterson, NJ 07503
24 Elizabeth Street, Paterson, NJ, 07503
$679,000
Pending
For Sale
$679,000
Pending
Multifamily property in Paterson, NJ, featuring 1237 square feet.
Property Size1,237 SF
Days on Market73
Property Features for 24 Elizabeth Street
General Information
- Standard status
- Pending
- Size
- 1,237 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1940
Listing agency
REALTY EMPIRE, LLC
(973) 510-2260
Listed by
ANGEL ROSADO · License #299611
(973) 510-2260
Source
Compass
Added: May 10 Updated: Jul 10 at 1:31PM Checked: Jul 19 at 4:24AM
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 REALTY EMPIRE, LLC
Investment Insights
Based on property information with market context.
This multifamily property is located in Paterson, New Jersey. The property offers 1237 square feet of space. It is suitable for use as a duplex or residential income property.
Key Highlights
- Multifamily property in Paterson, NJ
- 1237 square feet of living space
- Features a basement
Local Financial Insights For Multifamily LT 5
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 | $31.6k | $25.56 |
| − Vacancy | −$2.0k | −$1.65 |
| EGI | $29.6k | $23.91 |
| − OpEx | −$8.9k | −$7.17 |
| NOI | $20.7k | $16.74 |
1,237 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$295.8K
$258.8K – $345.1K
NOI $20,703 @ 7.0% cap · market cap 3.05%
Second Best
Apartment 5plus
$271.8K
$237.8K – $317.1K
NOI $19,023 @ 7.0% cap · market cap 2.80%
Theoretical Best
Office A
$323.0K
$282.6K – $376.8K
NOI $22,610 @ 7.0% cap · market cap 3.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Multifamily property in Paterson, NJ, featuring 1237 square feet.
Where is this duplex located?
The property is located at 24 Elizabeth Street Paterson, NJ.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: Multifamily property in Paterson, NJ; 1237 square feet of living space; Features a basement
