90 2nd Avenue Paterson, NJ 07514
Three-story industrial building on a corner parcel with frontage on 2nd Avenue and E 23rd Street.
- Added:
- Jul 9, 2026
- Days on Market:
- 6
- Last Refresh:
- Jul 11 at 3:03 am
Property Features for 90 2nd Avenue
General Information
- Standard status
- Active
- Size
- 15,000 SF
- Lot size
- 0.16 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1920
Listing office Horvath & Tremblay (201) 215-1801
Listing date Jul 9, 2026
Source Crexi
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 Horvath & Tremblay
Investment Insights
Based on property information with market context.
The building is currently occupied by Urban Millwork and Lenin Auto Sound & Tint. Urban Millwork’s space will be delivered vacant, while Lenin Auto Sound & Tint has two years remaining on their lease. The property is located at the intersection of 2nd Avenue and E 23rd Street, with convenient access to Interstate 80, New Jersey Route 19, U.S. Route 46, and the Garden State Parkway for regional connectivity throughout Passaic County and the greater New York metropolitan area.
The surrounding area reflects a dense mix of residential neighborhoods, commercial businesses, industrial facilities, and institutional uses.
Key Highlights
- Three‑story, 15,000 SF commercial building built in 1920
- Corner parcel totals 7,013 SF (0.16‑acre) with 73' frontage on 2nd Avenue and 94' frontage on E 23rd Street
- Zoned I‑2 (Industrial)
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $259.2k | $17.28 |
| − Vacancy | −$15.6k | −$1.04 |
| EGI | $243.6k | $16.24 |
| − OpEx | −$73.1k | −$4.87 |
| NOI | $170.6k | $11.37 |
