Warehouse and Commercial
31 Van Houten St Paterson, NJ 07505
31 Van Houten St, Paterson, NJ, 07505
$7,160,000
For Sale
$7,160,000
Brick masonry warehouse with five loading bays, office/assembly space, and basement storage with retail at the northern portion.
Property Size56,000 SF
Price / SF$127.86
Days on Market50
Property Features for 31 Van Houten St
General Information
- Standard status
- Active
- Size
- 56,000 SF
Listing agency
Keller Williams City Views Realty
(201) 998-8393
Listed by
Tony Nabhan · License #0562766
(201) 998-8393
Source
Exprealty
Added: Jun 3 Updated: Jul 22 at 6:04AM Checked: Jul 22 at 6:04AM
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 City Views Realty
Investment Insights
Based on property information with market context.
This mixed-use warehouse and commercial facility is constructed with solid brick masonry and includes approximately 56,000 square feet of above-grade space plus an approximately 19,000-square-foot basement level. The warehouse level offers approximately 35-foot ceiling heights and is primarily configured for warehouse use, with additional assembly space, office areas, and dormitory-style accommodations. It currently operates as a large-scale sorting and recycling facility and includes five loading bays and an adjacent access ramp. A freight elevator services both the warehouse and basement levels to support internal movement of materials.
The basement level provides additional storage and maintenance space and includes retail functionality at the northern portion of the building. The property is situated in Paterson’s Great Falls district with convenient access to major highways, transportation routes, and surrounding commercial corridors.
The basement level provides additional storage and maintenance space and includes retail functionality at the northern portion of the building. The property is situated in Paterson’s Great Falls district with convenient access to major highways, transportation routes, and surrounding commercial corridors.
Key Highlights
- Approximately 56,000 SF above‑grade warehouse and commercial facility plus an approximately 19,000 SF basement level
- Brick masonry construction with warehouse ceiling heights of approximately 35 feet for large‑scale operations
- Warehouse currently configured as a large‑scale sorting and recycling facility with five loading bays and an adjacent access ramp
Local Financial Insights For Industrial
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 | $967.7k | $17.28 |
| − Vacancy | −$58.1k | −$1.04 |
| EGI | $909.6k | $16.24 |
| − OpEx | −$272.9k | −$4.87 |
| NOI | $636.7k | $11.37 |
56,000 SF · lease $17.28/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$12.24M
$10.71M – $14.28M
NOI $856,800 @ 7.0% cap · market cap 11.97%
Second Best
Warehouse
$11.05M
$9.66M – $12.89M
NOI $773,176 @ 7.0% cap · market cap 10.80%
Theoretical Best
Office A
$14.62M
$12.79M – $17.06M
NOI $1,023,590 @ 7.0% cap · market cap 14.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The Salvation Army Thrift ...
Discount Store
Similar For Sale Nearby
Similar Off Market Nearby
- Pep's Grill & Pizza — 464 Chamberlain Ave, Paterson, NJ 07522
FAQs
What type of property is this?
Flex space - Brick masonry warehouse with five loading bays, office/assembly space, and basement storage with retail at the northern portion.
Where is this flex space located?
The property is located at 31 Van Houten St Paterson, NJ.
What is the asking price?
The asking price for this property is $7,160,000.
What are key features of this property?
This property features: Approximately 56,000 SF above‑grade warehouse and commercial facility plus an approximately 19,000 SF basement level; Brick masonry construction with warehouse ceiling heights of approximately 35 feet for large‑scale operations; Warehouse currently configured as a large‑scale sorting and recycling facility with five loading bays and an adjacent access ramp
