Listing Agency: Realty One Group Sunrise Show Phone

Listed By: Victtor J. Minetto Show Phone

Source: Tarvinrealtors

Added: Aug 15 Changed: Aug 21 Last Checked: Aug 22 at 11:55AM

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Investment Insights

Based on property information with market context.

This 3-bedroom apartment occupies the second and third floors of a multifamily property. Windows throughout the unit provide natural light, while parking is available on the street.

The property is located at 89 8th Avenue 2 in Paterson, New Jersey 07524.

Key Highlights

• 3‑bedroom apartment
• Located across the second and third floors
• Multiple windows provide natural light

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Parking Lot & Garage Daycare Center Garden Center Florist (Bike/Boat/Book/etc) Store Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

811

Businesses Nearby

Explore this area Business Placement

Demographics for 07524, NJ

14,130

Population

4,670

Households

3

Avg Household Size

33

Median Age

13%

College-Educated

73%

High-School Grad

0.8 sq mi

ZIP Area

17,663

Density / Sq Mi

$50,033

Median Household Income

$31,934

Median Earnings

$1,386

Median Rent

$360,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this multifamily properties located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Multifamily property - Two-level apartment with abundant windows and street parking.

Where is this multifamily property located?

The property is located at 89 8th Avenue 2 Paterson, NJ.

What is the lease rate?

The lease rate is $2,350/Mo.

What are key features of this property?

This property features: 3‑bedroom apartment; Located across the second and third floors; Multiple windows provide natural light