Essex Passaic Mixed-Use
For Sale
Contact for pricing
463-465 Summer St, Paterson, NJ 07501
Two multifamily properties with 16 units and two retail spaces.
Property SizeContact for details
Days on Market194
Property Features for 463-465 Summer St
General Information
Standard status
Active
Total Parking Spaces
4
Property subtype
Multifamily
Net Operating Income
$215,700
Building Details
Year Built
1912
Stories
4
Units
18
Listing Agency:
Hudson Atlantic Realty
Listed By:
Julian Amkraut · License #NJ
Source:
Crexi
Added: Feb 11
Changed: Aug 22
Last Checked: Aug 23 at 10:58PM
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 Hudson Atlantic Realty
Investment Insights
Based on property information with market context.
The Essex Passaic Neighborhood Mixed Use Residences includes two multifamily properties, offering a total of 16 residential units and two retail spaces. The residential units range from one to four bedrooms, appealing to a diverse tenant base. The retail component contributes to income diversity. The properties are located in Paterson and Newark, New Jersey, providing transit connectivity and proximity to New York City. Paterson Rail Station offers direct service to Manhattan, while Newark Penn Station and Broad Street Station connect commuters to Midtown and Lower Manhattan in under 30 minutes. Regional access is facilitated by I-80, the Garden State Parkway, and the NJ Turnpike, linking residents to Newark Liberty International Airport. Nearby cultural landmarks, expansive parks, and major employers such as Prudential Financial, PSEG, St. Joseph’s University Medical Center, and Rutgers University–Newark support tenant demand. The properties offer potential for long‑term value creation.
Key Highlights
- Mixed‑use property: 16 residential units and 2 retail spaces for diverse income.
- Located in Paterson and Newark, NJ, offering strong transit connectivity.
- Direct train service to Manhattan** from Paterson Rail Station.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,350
Businesses Nearby
Explore this area
Business Placement
Demographics for 07501, NJ
37,918
Population
13,119
Households
2.9
Avg Household Size
33
Median Age
9%
College-Educated
71%
High-School Grad
1.8 sq mi
ZIP Area
21,066
Density / Sq Mi
$40,699
Median Household Income
$32,103
Median Earnings
$1,442
Median Rent
$304,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two multifamily properties with 16 units and two retail spaces.
Where is this mixed-use property located?
The property is located at 463-465 Summer St Paterson, NJ.
What is the asking price?
The asking price for this property is $3,550,000.
What are key features of this property?
This property features: Mixed‑use property: 16 residential units and 2 retail spaces for diverse income.; Located in Paterson and Newark, NJ, offering strong transit connectivity.; Direct train service to Manhattan** from Paterson Rail Station.
