89 Market St Paterson, NJ 07505

Building Details

Year Built

1910

Listing agency SERHANT NEW JERSEY LLC p***@gmail.com Show Phone

Listed by RYAN PALIANTO

Source Elliman

Added: May 9 Updated: Jul 22 at 2:45AM Checked: Jul 23 at 6:24AM

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Investment Insights

Based on property information with market context.

This five-unit mixed-use building includes a long-standing liquor store/bar on the ground floor, with residential apartments above. The upper level consists of four units: two 2-bedroom apartments and two 1-bedroom apartments. As of 4/1/2026, one of the 2-bedroom apartments will be vacant, creating an opportunity for renovation and immediate re-leasing as referenced in the remarks (targeting $1,600). One of the remaining residential units has already been updated, while the others present value-add potential. All separate utilities are noted, and the building layout is described as efficient. The property is being sold strictly as-is.

The retail/bar space is described as having strong visibility along Market Street. WalkScore is reported at 82 (very walkable), BikeScore at 52 (bikeable), and TransitScore at 61 (good transit), supporting day-to-day convenience for residents and customers in the area.

Key Highlights

• 5‑unit mixed‑use building built in 1910 with liquor store/bar on the ground floor and 4 apartments above
• 2‑bed and 1‑bed unit mix: two 2‑bedroom apartments and two 1‑bedroom apartments
• One 2‑bedroom apartment will be vacant as of 4/1/2026, with noted ability to rent for $1,600

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FAQs

What type of property is this?

Mixed-use property - Five-unit building with a long-standing liquor store/bar on the ground floor and four apartments above.

Where is this mixed-use property located?

The property is located at 89 Market St Paterson, NJ.

What is the asking price?

The asking price for this property is $999,000.

What are key features of this property?

This property features: 5‑unit mixed‑use building built in 1910 with liquor store/bar on the ground floor and 4 apartments above; 2‑bed and 1‑bed unit mix: two 2‑bedroom apartments and two 1‑bedroom apartments; One 2‑bedroom apartment will be vacant as of 4/1/2026, with noted ability to rent for $1,600