90 Park Ave, Paterson, NJ 07501
MULTI_FAMILY - Paterson City, NJ
- Added:
- Apr 2, 2026
- Days on Market:
- 96
- Last Refresh:
- Jul 6 at 10:06 pm
Property Features for 90 Park Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 11
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bedroom 5, Bedroom 10, Bedroom 6, Bathroom 1, Bedroom 8, Bathroom 2, Bedroom 2, Bedroom 11, Bathroom 4, Bedroom 7, Bathroom 3, Bedroom 4, Basement, Bedroom 9, Bedroom 3
- Standard status
- Active
- Size
- 3,692 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 14217
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Electric (Heating)
- Water source
- Public
Building Details
- Year built
- 1700
- Floors in Building
- 3
- Number of units
- 3
- Roof type
- Flat, Rubber
- Architectural style
- Other
Listing agent ALICIA ALARCON (973) 253-2800
Listing office KELLER WILLIAMS TEAM REALTY 525 ROUTE 46 E -, Clifton, NJ (973) 253-2800
Listing date Apr 2, 2026
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Three‑family property with 3 separate units, each with bedrooms, living room, kitchen, and full bath
- Unit 1: 3 bedrooms, living room, kitchen, and full bath (vacant); Unit 2: 4 bedrooms, living room, kitchen, and full bath (vacant)
- Unit 3: 4 bedrooms, living room, kitchen, and full bath; currently month‑to‑month
- Partially finished basement with a full bathroom and 3 bonus rooms
- Utilities are fully separate with 3 boilers and 4 meters; heating includes baseboard and electric heating
- Public water and public sewer; roof is flat with rubber roofing
Overview
The property also features a partially finished basement with a full bathroom and three bonus rooms. Utilities are fully separate, supported by three boilers and four meters. The building is located in Paterson City, Passaic County, with convenience to NJ Transit trains and direct NYC bus routes, along with access to major highways including I-80, Route 19, and the Garden State Parkway.
The layout can suit an owner-occupant or investor looking for multiple units under one roof, with the benefit of separate utilities for each unit. The basement configuration adds extra flex space with its own full bathroom. The property is being sold as-is.
Local Financial Insights For Multifamily LT 5
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 | $94.4k | $25.56 |
| − Vacancy | −$6.1k | −$1.65 |
| EGI | $88.3k | $23.91 |
| − OpEx | −$26.5k | −$7.17 |
| NOI | $61.8k | $16.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Paterson
- County
- Passaic
- State
- New Jersey
- Longitude
- -74.16286
- Latitude
- 40.91529
