Mixed-Use Building with
59 Broadway Paterson, NJ 07505
59 Broadway, Paterson, NJ, 07505
Contact for pricing
For Sale
Contact for pricing
Pending
Mixed-use building with three street-level storefronts and three 2-bedroom apartments on the second floor.
Property Size8,520 SF
Days on Market303
Property Features for 59 Broadway
General Information
- Standard status
- Pending
- Size
- 8,520 SF
- Property subtype
- Special Purpose
Listing agency
CENTURY 21 Cedarcrest Realty
(973) 228-1050
Listed by
Tracy Chan · License #NJ
Source
Crexi
Added: Sep 23, 2025 Updated: Jul 21 at 6:19PM Checked: Jul 21 at 6:19PM
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 Cedarcrest Realty
Investment Insights
Based on property information with market context.
This level-lot mixed-use building features three street-level storefronts and three 2-bedroom apartments on the second floor. The property is configured to combine retail frontage at street level with residential units above, creating a straightforward, income-generating layout.
Located in a busy downtown area, the building is near a bus terminal with buses and jitneys to NYC, supporting convenient public transportation access. The remarks also note approximately 30 minutes driving time to NYC via Rt. 80.
According to the provided information, total annual rent income is $180,000 with net income of $118,860, reflecting an 8.5% return. For complete details and underwriting information, request more information today.
Located in a busy downtown area, the building is near a bus terminal with buses and jitneys to NYC, supporting convenient public transportation access. The remarks also note approximately 30 minutes driving time to NYC via Rt. 80.
According to the provided information, total annual rent income is $180,000 with net income of $118,860, reflecting an 8.5% return. For complete details and underwriting information, request more information today.
Key Highlights
- Mixed‑use building with 3 street‑level storefronts and 3 second‑floor 2BR apartments
- Total annual rent income of $180,000 and net income of $118,860 for an 8.5% return
- Level lot building with mixed‑use layout in a busy downtown area
Local Financial Insights For Retail
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 | $184.0k | $21.60 |
| − Vacancy | −$10.3k | −$1.21 |
| EGI | $173.7k | $20.39 |
| − OpEx | −$52.1k | −$6.12 |
| NOI | $121.6k | $14.27 |
8,520 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.04M
$1.78M – $2.38M
NOI $142,592 @ 7.0% cap · market cap 10.20%
Second Best
Apartment 5plus
$1.87M
$1.64M – $2.18M
NOI $131,021 @ 7.0% cap · market cap 9.37%
Theoretical Best
Office A
$2.22M
$1.95M – $2.60M
NOI $155,732 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Brillante
Restaurant
D & B Love ...
Nail Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Mixed-use building with three street-level storefronts and three 2-bedroom apartments on the second floor.
Where is this triplex located?
The property is located at 59 Broadway Paterson, NJ.
What is the asking price?
The asking price for this property is $1,398,000.
What are key features of this property?
This property features: Mixed‑use building with 3 street‑level storefronts and 3 second‑floor 2BR apartments; Total annual rent income of $180,000 and net income of $118,860 for an 8.5% return; Level lot building with mixed‑use layout in a busy downtown area
