246 Paterson Ave, Paterson, NJ 07502
Freestanding Paterson industrial building with office space and full basement.
- Added:
- Mar 17, 2026
- Days on Market:
- 112
- Last Refresh:
- Jun 27 at 11:17 pm
Property Features for 246 Paterson Ave
General Information
- Standard status
- Active
- Size
- 4,459 SF
- Lot size
- 0.11 Acres
- Property subtype
- Industrial
Listing office Realty One Group
Listing date Mar 17, 2026
Source Crexi
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 One Group
HighLights
- Freestanding corner industrial building in Paterson.
- Features a drive‑in loading door and dedicated office space.
- Full basement provides additional storage.
- Newly installed sprinkler system.
- Suitable for various businesses.
- Zoned R 3, offering flex industrial asset potential.
Overview
Local Financial Insights For Office B
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 | $133.8k | $30.00 |
| − Vacancy | −$42.8k | −$9.60 |
| EGI | $91.0k | $20.40 |
| − OpEx | −$22.7k | −$5.10 |
| NOI | $68.2k | $15.30 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Pep's Grill & Pizza — 464 Chamberlain Ave, Paterson, NJ 07522
Location Insight
- Map
- Local Demand
- City
- Paterson
- County
- Passaic
- State
- New Jersey
- Longitude
- -74.1906155
- Latitude
- 40.9209745
