Renovated 7-Unit Apartment
For Lease
$1,435,000
62-64 Lafayette Street, Paterson, NJ 07501
Detached three-story corner property with on-site parking and a mix of one- and three-bedroom apartments.
Space SizeContact for details
Days on Market133
Property Features for 62-64 Lafayette Street
General Information
Standard status
Active
Property subtype
Office
Listing Agency:
EXP Realty, LLC
(347) 243-7060
Listed By:
Mordy Abelesz · License #301029
(347) 243-7060
Source:
Tarvinrealtors
Added: Mar 27
Changed: Jul 31
Last Checked: Aug 5 at 5:06AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This fully detached, three-story apartment building includes 7 units on a 50x100 lot at a corner location. The unit mix includes one- and three-bedroom apartments, and all units have been renovated in recent years. On-site parking is included.
Tenants pay their own utilities, supporting efficient operating expenses. The property is currently delivering over a 9% cap rate. Located near public transportation, shopping, and schools, the building offers convenient access to everyday services and transit options.
Tenants pay their own utilities, supporting efficient operating expenses. The property is currently delivering over a 9% cap rate. Located near public transportation, shopping, and schools, the building offers convenient access to everyday services and transit options.
Key Highlights
- 7‑unit fully detached apartment building
- 50x100 lot with corner location and on‑site parking
- Unit mix includes one- and three‑bedroom apartments
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
2,059
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?
Apartment building - Detached three-story corner property with on-site parking and a mix of one- and three-bedroom apartments.
Where is this apartment building located?
The property is located at 62-64 Lafayette Street Paterson, NJ.
What is the lease rate?
The lease rate is $1,435,000.
What are key features of this property?
This property features: 7‑unit fully detached apartment building; 50x100 lot with corner location and on‑site parking; Unit mix includes one- and three‑bedroom apartments
