307 Paterson Ave East Rutherford, NJ 07073
Commercial property with office, garages, storage, and apartment.
- Added:
- May 21, 2026
- Days on Market:
- 55
- Last Refresh:
- May 27 at 7:24 am
Property Features for 307 Paterson Ave
General Information
- Standard status
- Active
- Size
- 6,300 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1940
Listing office KELLER WILLIAMS PROSPERITY REALTY (973) 696-0077
Listing date May 21, 2026
Source Corcoran
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 KELLER WILLIAMS PROSPERITY REALTY
Investment Insights
Based on property information with market context.
Key Highlights
- Multiple Garages: Two spacious, multi‑bay garages with lift ideal for vehicle maintenance, detailing, restoration, or workshop needs.
- Secure second‑floor vehicle storage for cars, trucks, or specialty equipment.
- Bonus 1‑bedroom apartment: Ideal for on‑site living or generating additional rental income with a full kitchen, cozy living area, and private bath.
Local Financial Insights For Retail
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 | $136.1k | $21.60 |
| − Vacancy | −$7.6k | −$1.21 |
| EGI | $128.5k | $20.39 |
| − OpEx | −$38.5k | −$6.12 |
| NOI | $89.9k | $14.27 |
Alternative Uses
Property Analytics
Current Use by Public Records
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