New 20-Unit Apartment
For Sale
Contact for pricing
62 Plum Street, Paterson, NJ 07503
Brand-new apartment building with full occupancy, updated systems, and on-site parking.
Property SizeContact for details
Days on Market8
Property Features for 62 Plum Street
General Information
Standard status
Active
Total Parking Spaces
19
Property subtype
Multifamily
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Opportunity Zone
Yes
Multifamily Units
20
Building Details
Buildings
1
Listing Agency:
Kassin Sabbagh Realty
Listed By:
Ohad Babo · License #NY
(212) 417-9217
Source:
Crexi
Added: Aug 28
Changed: Sep 4
Last Checked: Sep 4 at 2:33PM
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 Kassin Sabbagh Realty
Investment Insights
Based on property information with market context.
This brand-new apartment building contains 20 units and is currently 100% occupied. The property includes 19 on-site parking spaces, new building systems, and new interior finishes. A 30-Year Tax Abatement / PILOT and no rent control are also in place, while the asset is located within an Opportunity Zone.
The property sits 0.5 miles from the Paterson Train Station, served by the NJ Transit Main Line, and offers access to Route 80. St. Joseph's University Medical Center and St. Joseph's Children's Hospital are two blocks away, connecting the property with a major local employment center and nearby medical facilities.
Additional parking income potential is identified in the property information. Paterson provides NJ Transit bus and rail service and is part of the New York metro commute shed, with Interstate 80 running through the city.
The property sits 0.5 miles from the Paterson Train Station, served by the NJ Transit Main Line, and offers access to Route 80. St. Joseph's University Medical Center and St. Joseph's Children's Hospital are two blocks away, connecting the property with a major local employment center and nearby medical facilities.
Additional parking income potential is identified in the property information. Paterson provides NJ Transit bus and rail service and is part of the New York metro commute shed, with Interstate 80 running through the city.
Key Highlights
- 20‑unit multifamily building completed as a brand‑new property
- 100% occupied with 19 on‑site parking spaces
- 30‑Year Tax Abatement / PILOT in place
Property Analytics
Property Profile
Current Use
Lease Details
20
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,116
Businesses Nearby
Explore this area
Business Placement
Demographics for 07503, NJ
19,893
Population
6,560
Households
3
Avg Household Size
35
Median Age
15%
College-Educated
78%
High-School Grad
1.5 sq mi
ZIP Area
13,262
Density / Sq Mi
$60,295
Median Household Income
$35,611
Median Earnings
$1,605
Median Rent
$314,900
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 - Brand-new apartment building with full occupancy, updated systems, and on-site parking.
Where is this apartment building located?
The property is located at 62 Plum Street Paterson, NJ.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: 20‑unit multifamily building completed as a brand‑new property; 100% occupied with 19 on‑site parking spaces; 30‑Year Tax Abatement / PILOT in place
