Six-Unit Multifamily
For Sale
Contact for pricing
50 North 4th Street, Paterson, NJ 07522
Fully occupied property with an on-site superintendent and a 30-year tax abatement.
Property Size7,200 SF
Price / SF$270.83
Days on Market86
Property Features for 50 North 4th Street
General Information
Standard status
Active
Size
7,200 SF
Class
C
Property subtype
Multifamily
Occupancy
100%
Net Operating Income
$163,400
Additional Details
Multifamily Units
6
Building Details
Year Built
2022
Buildings
1
Units
6
Tenancy
Multi
Listing Agency:
RE/MAX SELECT
Listed By:
Patrick Varelas · License #NJ 1540486
(201) 400-5344
Source:
Crexi
Added: Aug 4
Changed: Oct 25
Last Checked: Oct 28 at 6:23AM
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 RE/MAX SELECT
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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 multifamily property contains six units within a 7,200-square-foot building at 50 North 4th Street in Paterson, New Jersey. The property has maintained 100% occupancy since completion and includes an on-site superintendent.
A 30-year tax abatement is in place. The building was constructed in the 2022–2023 period, providing a recently completed asset for multifamily ownership.
A 30-year tax abatement is in place. The building was constructed in the 2022–2023 period, providing a recently completed asset for multifamily ownership.
Key Highlights
- Six‑unit multifamily property
- 7,200 square feet of building area
- 100% occupancy maintained since completion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,722
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,214,440
$2.2M
Cap Rate 7%
$1,581,743
$1.6M
Cap Rate 9%
$1,230,244
$1.2M
Market Conditions
NOI Build-Up for 7,200 SF
Gross rent
$216.0K $30.00/SF
− Vacancy
−$14.7K −$2.04/SF
EGI
$201.3K $27.96/SF
− OpEx
−$90.6K −$12.58/SF
NOI
$110.7K $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%
$2,214,440
Cap Rate 7%
$1,581,743
Cap Rate 9%
$1,230,244
Alternative Uses
Best Use
Apartment 5plus
$1.58M
$1.38M – $1.85M
NOI $110,722 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.88M
$1.65M – $2.19M
NOI $131,604 @ 7.0% cap · market cap 6.75%
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
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,882
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied property with an on-site superintendent and a 30-year tax abatement.
Where is this apartment building located?
The property is located at 50 North 4th Street Paterson, NJ.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Six‑unit multifamily property; 7,200 square feet of building area; 100% occupancy maintained since completion
