Renovated Mixed-Use Building For
541 Union Ave, Paterson, NJ 07522
Mixed-use property with bar/restaurant and residential units.
Type:Mixed Use
Property size:
1,927 SFPrice / SF:
$272/SF- Added:
- Mar 3, 2026
- Days on Market:
- 75
- Last Refresh:
- Mar 16 at 1:05 pm
Property Features for 541 Union Ave
General Information
- Standard status
- Active
- Size
- 1,927 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1950
Listing agent Johnny Rojas License #NJ 0017014
Listing office CENTURY 21 JR Gold Team Realty
Listing date Mar 3, 2026
Source Crexi
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 CENTURY 21 JR Gold Team Realty
HighLights
- Fully renovated in 2023, offering modern updates.
- Mixed‑use building providing income potential from a bar/karaoke business and a residential apartment.
- Fully equipped bar with brand new refrigeration equipment, furniture, and sound/video systems.
- Second‑floor apartment features 2 bedrooms, a living room/kitchen combo, and central air.
- Advanced A/V setup with Samsung Smart TVs, SONOS system, projector, and extensive wiring.
- Prime location near the center of Paterson.
Overview
This mixed-use building, totally renovated in 2023, presents an excellent ownership opportunity near the center of Paterson. The first floor features EL CUBETAZO BAR & KARAOKE & SPORTS, offered for sale without a liquor license. It includes brand new refrigeration equipment, featuring 2 glass door back bar coolers, 1 bottle cooler, and 1 ice machine. The bar area is equipped with a 3-compartment sink, an additional sink, 2 ice bins with 7 circuit boards, 1 glass rack, and 1 glasswasher machine, along with a 2 soda gun system connected to the ice bin. There is also an additional standing freezer. The bar boasts granite countertops, new furniture including bar stools, tables, regular chairs, and leather couches. Architectural details include crown molding, LED lighting, and recessed ceiling lighting. The sound system comprises 2 JBL speakers, 10 in-ceiling speakers, and a SONOS system. Thirteen Samsung Smart TVs are installed, supported by fully wired Ethernet cabling and HDMI wiring with a switch and splitter. An EPSON projector and a 120' electric screen are also included, along with a digital LED display for the front window. The flooring is hardwood. The second floor contains a 2-bedroom apartment with a combined living room and kitchen, a full bathroom, and central air. The property also includes a full unfinished basement with a 1/2 bath. The property size is 1927 square feet.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$329.3K
NOI $29,633 @ 9.00% cap · cautious / downside scenario
Moderate
$423.3K
NOI $29,633 @ 7.00% cap · market / base-case scenario
Aggressive
$592.7K
NOI $29,633 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.8k | $30.00 |
| − Vacancy | −$3.9k | −$2.04 |
| EGI | $53.9k | $27.96 |
| − OpEx | −$24.2k | −$12.58 |
| NOI | $29.6k | $15.38 |
1,927 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$423.3K
$370.4K – $493.9K
NOI $29,633 @ 7.0% cap · market cap 5.64%
Second Best
Specialty Retail
$421.0K
$368.4K – $491.2K
NOI $29,469 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$503.2K
$440.3K – $587.0K
NOI $35,222 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Bars & Pubs
Location Insight
- Map
- Local Demand
- City
- Paterson
- County
- Passaic
- State
- New Jersey
- Longitude
- -74.1810721
- Latitude
- 40.9241533
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with bar/restaurant and residential units.
Where is this mixed-use property located?
The property is located at 541 Union Ave Paterson, NJ.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Fully renovated in 2023, offering modern updates.; Mixed‑use building providing income potential from a bar/karaoke business and a residential apartment.; Fully equipped bar with brand new refrigeration equipment, furniture, and sound/video systems.
