Multifamily Property with Rear
For Sale
$519,900
638 E 25Th St, Paterson, NJ 07504
Multi-unit property offering full-basement storage and convenient access to parks, schools, shopping, commuter routes, and NYC transit.
Property Size2,266 SF
Price / SF$229.44
Days on Market57
Property Features for 638 E 25Th St
General Information
Standard status
Active
Size
2,266 SF
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Building Details
Year Built
1920
Listing Agency:
Carrington Real Estate Services
Listed By:
Jorge Avila · License #399532
(973) 392-0090
Source:
Pickpina
Added: Aug 18
Changed: Sep 18
Last Checked: Oct 12 at 5:20PM
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 Carrington Real Estate Services
Investment Insights
Based on property information with market context.
This multifamily property, built in 1920, offers adaptable unit layouts supported by full-basement storage and a private rear yard. The configuration provides practical space for occupants while retaining flexibility for an owner-occupant or investor-oriented buyer.
The property is positioned near parks, schools, local shopping, major commuter routes, and direct transit service to New York City. Walk Score is 75, reflecting a Very Walkable setting; Bike Score is 50, rated Bikeable, and Transit Score is 35, rated Some Transit.
The property is positioned near parks, schools, local shopping, major commuter routes, and direct transit service to New York City. Walk Score is 75, reflecting a Very Walkable setting; Bike Score is 50, rated Bikeable, and Transit Score is 35, rated Some Transit.
Key Highlights
- Multifamily property built in 1920
- Full basement provides additional storage space
- Private rear yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,847
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$696,940
$696.9K
Cap Rate 7%
$497,814
$497.8K
Cap Rate 9%
$387,189
$387.2K
Market Conditions
NOI Build-Up for 2,266 SF
Gross rent
$68.0K $30.00/SF
− Vacancy
−$4.6K −$2.04/SF
EGI
$63.4K $27.96/SF
− OpEx
−$28.5K −$12.58/SF
NOI
$34.8K $15.38/SF
Area
Paterson, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$696,940
Cap Rate 7%
$497,814
Cap Rate 9%
$387,189
Alternative Uses
Best Use
Apartment 5plus
$497.8K
$435.6K – $580.8K
NOI $34,847 @ 7.0% cap · market cap 6.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$591.7K
$517.7K – $690.3K
NOI $41,419 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,837
Businesses Nearby
Explore this area
Business Placement
Demographics for 07504, NJ
13,413
Population
4,105
Households
3.3
Avg Household Size
36
Median Age
18%
College-Educated
85%
High-School Grad
0.8 sq mi
ZIP Area
16,766
Density / Sq Mi
$67,269
Median Household Income
$37,024
Median Earnings
$1,426
Median Rent
$369,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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?
Multifamily property - Multi-unit property offering full-basement storage and convenient access to parks, schools, shopping, commuter routes, and NYC transit.
Where is this multifamily property located?
The property is located at 638 E 25Th St Paterson, NJ.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: Multifamily property built in 1920; Full basement provides additional storage space; Private rear yard
