Income Producing Corner
For Sale
$1,435,000
62 Lafayette St, Paterson, NJ 07501
Seven-unit, renovated apartment building with on-site parking and upside potential.
Property Size999 SF
Lot Size0.11 Acres
Price / SF$1,436
Days on Market167
Property Features for 62 Lafayette St
General Information
Standard status
Active
Size
999 SF
Lot size
0.11 Acres
Building Details
Year Built
1900
Listing Agency:
EXP REALTY, LLC
Listed By:
MORDY ABELESZ
Source:
Luminancerealty
Added: Mar 31
Changed: Sep 8
Last Checked: Sep 12 at 3:21PM
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.
The property is a seven-unit corner building located at 62-64 Lafayette Street in Paterson. It is situated on an oversized 50x100 lot and includes on-site parking. This fully detached, three-story building features a unit mix of one and three-bedroom apartments. All units have been renovated in recent years. Tenants are responsible for their own utilities. The property is located near public transportation, shopping, and schools.
Key Highlights
- Income‑producing 7‑unit corner property with on‑site parking.
- Delivering over an 8% cap rate with additional upside potential.
- Fully detached three‑story building with a strong unit mix of one and three‑bedroom apartments.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,099
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Seven-unit, renovated apartment building with on-site parking and upside potential.
Where is this apartment building located?
The property is located at 62 Lafayette St Paterson, NJ.
What is the asking price?
The asking price for this property is $1,435,000.
What are key features of this property?
This property features: Income‑producing 7‑unit corner property with on‑site parking.; Delivering over an 8% cap rate with additional upside potential.; Fully detached three‑story building with a strong unit mix of one and three‑bedroom apartments.
