Multifamily
For Sale
$474,999
39 Hillman St, Paterson, NJ 07522
The building has natural-gas baseboard heat and a full basement with walk-out access.
Property Size1,772 SF
Days on Market58
Property Features for 39 Hillman St
General Information
Standard status
Active
Size
1,772 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$6,135
Amenities
Baseboard, Natural Gas
Full, Unfinished, Walk-Out Access
On Street
2-Two Story
Building Details
Building Size
1,772 SF
Year Built
1892
Stories
2
Listing Agency:
Keller Williams Realty Village Square
Listed By:
LEONARDO TATIS · License #2294805
(201) 906-4570
Source:
Evrealestate
Added: Aug 17
Changed: Oct 13
Last Checked: Oct 12 at 6:55PM
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 Realty Village Square
Investment Insights
Based on property information with market context.
Located at 39 Hillman St in Paterson, this multifamily property dates to 1892. Interior features include natural-gas baseboard heating and a full, unfinished basement with walk-out access.
Key Highlights
- Built in 1892
- Full unfinished basement with walk‑out access
- Baseboard heating fueled by natural gas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,250
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,000
$545.0K
Cap Rate 7%
$389,286
$389.3K
Cap Rate 9%
$302,778
$302.8K
Market Conditions
NOI Build-Up for 1,772 SF
Gross rent
$53.2K $30.00/SF
− Vacancy
−$3.6K −$2.04/SF
EGI
$49.5K $27.96/SF
− OpEx
−$22.3K −$12.58/SF
NOI
$27.2K $15.38/SF
Area
Paterson, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,000
Cap Rate 7%
$389,286
Cap Rate 9%
$302,778
Alternative Uses
Best Use
Apartment 5plus
$389.3K
$340.6K – $454.2K
NOI $27,250 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$462.7K
$404.9K – $539.8K
NOI $32,389 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,440
Businesses Nearby
Explore this area
Business Placement
Demographics for 07522, NJ
23,345
Population
7,440
Households
3.1
Avg Household Size
31
Median Age
10%
College-Educated
77%
High-School Grad
0.9 sq mi
ZIP Area
25,939
Density / Sq Mi
$48,002
Median Household Income
$31,997
Median Earnings
$1,458
Median Rent
$264,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - The building has natural-gas baseboard heat and a full basement with walk-out access.
Where is this multifamily property located?
The property is located at 39 Hillman St Paterson, NJ.
What is the asking price?
The asking price for this property is $474,999.
What are key features of this property?
This property features: Built in 1892; Full unfinished basement with walk‑out access; Baseboard heating fueled by natural gas
