Mixed-Use Building with Two
430-432 10th Ave, Paterson, NJ 07514
For Sale
$799,900
Bakery and laundromat operations occupy the property under leases with annual rent increases.
Property Size4,800 SF
Price / SF$166.65
Days on Market159
Property Features for 430-432 10th Ave
General Information
Standard status
Size
Property subtype
Zoning
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Business Included
Building Details
Building Size
Stories
Units
Tenancy
Listing Agency:
Nicholas Real Estate Agency
(973) 340-1202
Listed By:
Linton Gaines
(973) 340-1649
Source:
Arcadiarealtors
Added: Jun 4
Changed: Nov 8
Last Checked: Nov 8 at 10:53AM
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 Nicholas Real Estate Agency
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,800-square-foot mixed-use building in Paterson contains a bakery and a laundromat, both operating businesses. The property is zoned B2.
Lease terms provide for automatic annual rent increases of 5%. Tenants pay city taxes, while sewer service is included in the rent.
Lease terms provide for automatic annual rent increases of 5%. Tenants pay city taxes, while sewer service is included in the rent.
Key Highlights
- 4,800‑square‑foot mixed‑use building
- Operating bakery and laundromat businesses
- B2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,512
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,370,240
$1.4M
Cap Rate 7%
$978,743
$978.7K
Cap Rate 9%
$761,244
$761.2K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$103.7K $21.60/SF
− Vacancy
−$5.8K −$1.21/SF
EGI
$97.9K $20.39/SF
− OpEx
−$29.4K −$6.12/SF
NOI
$68.5K $14.27/SF
Area
Paterson, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,370,240
Cap Rate 7%
$978,743
Cap Rate 9%
$761,244
Alternative Uses
Best Use
Retail
$978.7K
$856.4K – $1.14M
NOI $68,512 @ 7.0% cap · market cap 8.57%
Second Best
Mixed Use
$905.1K
$792.0K – $1.06M
NOI $63,360 @ 7.0% cap · market cap 7.92%
Theoretical Best
Office A
$1.25M
$1.10M – $1.46M
NOI $87,736 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,476
Businesses Nearby
90k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 39%
Groceries 14%
Burger King
Dining
15,932 visits/mo
0.3 miles
Dunkin' Donuts
Dining
15,469 visits/mo
0.3 miles
7-Eleven
Shops & Services
13,066 visits/mo
0.1 miles
C-Town Supermarkets
Groceries
13,058 visits/mo
0.4 miles
Bank of America
Shops & Services
11,838 visits/mo
0.4 miles
Demographics for 07514, NJ
19,200
Population
6,752
Households
2.8
Avg Household Size
37
Median Age
12%
College-Educated
78%
High-School Grad
0.9 sq mi
ZIP Area
21,333
Density / Sq Mi
$65,492
Median Household Income
$34,962
Median Earnings
$1,472
Median Rent
$314,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Mixed-use properties in Paterson, NJ
Properties on Market for Mixed-use properties in Paterson
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Bakery and laundromat operations occupy the property under leases with annual rent increases.
Where is this mixed-use property located?
The property is located at 430-432 10th Ave Paterson, NJ.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 4,800‑square‑foot mixed‑use building; Operating bakery and laundromat businesses; B2 zoning
