Mixed-Use Property with
363 10Th Ave Paterson, NJ 07514
363 10Th Ave, Paterson, NJ, 07514
$1,050,000
For Sale
$1,050,000
Mixed-use property featuring a storefront and a three-family building.
Property Size3,620 SF
Lot Size0.10 Acres
Price / SF$290.06
Days on Market184
Property Features for 363 10Th Ave
General Information
- Standard status
- Active
- Size
- 3,620 SF
- Lot size
- 0.10 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1930
Listing Agency
CASA REAL PROPERTY GROUP LLC
(973) 684-1110
Listed by
NANCY PAVIC
Source
Corcoran
Added: Jan 17 Updated: Jul 6 at 10:02 am Checked: Jul 20 at 3:52 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 CASA REAL PROPERTY GROUP LLC
Investment Insights
Based on property information with market context.
This mixed-use property offers a storefront bodega and a legal three-family residential building. The property includes a three-car garage and additional parking for up to six cars. All utilities are separate. The location is suitable for business use. The first and second floors each contain two-bedroom apartments. The third apartment, combined with the attic, features a total of three bedrooms. The property size is 3620 square feet.
Key Highlights
- Mixed‑use property: Storefront bodega and a legal three‑family residential building.
- Ample parking: 3‑car garage plus additional parking for up to 6 cars.
- Separate utilities for each unit.
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 | $92.5k | $25.56 |
| − Vacancy | −$6.0k | −$1.65 |
| EGI | $86.5k | $23.91 |
| − OpEx | −$26.0k | −$7.17 |
| NOI | $60.6k | $16.74 |
3,620 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$865.5K
$757.3K – $1.01M
NOI $60,585 @ 7.0% cap · market cap 5.77%
Second Best
Apartment 5plus
$795.3K
$695.9K – $927.8K
NOI $55,668 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$945.3K
$827.1K – $1.10M
NOI $66,168 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
ATM
Atm
Lili's Grocery
Grocery & Convenience Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property featuring a storefront and a three-family building.
Where is this mixed-use property located?
The property is located at 363 10Th Ave Paterson, NJ.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Mixed‑use property: **Storefront bodega and a legal three‑family residential building.**; Ample parking: **3‑car garage plus additional parking for up to 6 cars.**; Separate utilities for each unit.
