62 Lafayette St Paterson, NJ 07501

Building Details

Year Built

1900

Listing agency EXP REALTY, LLC Show Phone

Listed by JUDE ABELESZ

Source Corcoran

Added: Mar 27 Updated: Jul 6 at 1:41PM Checked: Jul 21 at 5:20AM

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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.

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FAQs

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.