413 10Th Ave, Paterson, NJ 07514
16-unit apartment building in Paterson, NJ with strong cash flow potential.
- Added:
- Apr 22, 2025
- Days on Market:
- 413
- Last Refresh:
- Mar 16 at 9:09 am
Property Features for 413 10Th Ave
General Information
- Standard status
- Active
- Size
- 13,000 SF
Building Details
- Year Built
- 1950
Listing agent JORGE AVILES
Listing office PROMINENT PROPERTIES SIR
Listing date Apr 22, 2025
Source Corcoran
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All listing content including descriptions, pricing, images are the copyrighted material of PROMINENT PROPERTIES SIR
HighLights
- Strong cash flow potential
- 16 well‑maintained rental units offering a great investment opportunity.
- Desirable neighborhood location
- Features a mix of 1 and 2‑bedroom layouts.
- Near transit routes (Route 19, I‑80)
- Close to amenities (shopping, parks, Great Falls Historic District)
Overview
Local Financial Insights For Apartment 5plus
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 | $390.0k | $30.00 |
| − Vacancy | −$26.5k | −$2.04 |
| EGI | $363.5k | $27.96 |
| − OpEx | −$163.6k | −$12.58 |
| NOI | $199.9k | $15.38 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Paterson
- County
- Passaic
- State
- New Jersey
- Longitude
- -74.1473
- Latitude
- 40.924
