Three-Unit Residential
942 E 19th St, Paterson, NJ 07501
For Sale
$659,900
The first and second floors each contain three bedrooms, while the top-floor apartment has one bedroom.
Property Size3,631 SF
Price / SF$181.74
Days on Market146
Property Features for 942 E 19th St
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Amenities
private yard
Building Details
Building Size
Year Built
Units
Listing Agency:
Casa Real Property Group LLC
Listed By:
Nancy Pavic · License #242229
(973) 684-1110
Source:
Culturaunitedrealty
Added: Jun 17
Changed: Nov 8
Last Checked: Nov 8 at 7:18PM
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 Casa Real Property Group LLC
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Investment Insights
Based on property information with market context.
This 1930 triplex contains three residential units. The first and second floors each offer three bedrooms, and the third-floor apartment has one bedroom. A separate-entry basement remains unfinished, and the property includes a private yard. Gas service is separately metered for each unit.
The property is located near public transportation and major highways at 942 E 19th St in Paterson City, New Jersey. The building contains 3,631 square feet.
The property is located near public transportation and major highways at 942 E 19th St in Paterson City, New Jersey. The building contains 3,631 square feet.
Key Highlights
- Three‑unit residential property built in 1930
- First- and second‑floor apartments each have 3 bedrooms
- Third‑floor apartment has 1 bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,838
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,116,760
$1.1M
Cap Rate 7%
$797,686
$797.7K
Cap Rate 9%
$620,422
$620.4K
Market Conditions
NOI Build-Up for 3,631 SF
Gross rent
$108.9K $30.00/SF
− Vacancy
−$7.4K −$2.04/SF
EGI
$101.5K $27.96/SF
− OpEx
−$45.7K −$12.58/SF
NOI
$55.8K $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%
$1,116,760
Cap Rate 7%
$797,686
Cap Rate 9%
$620,422
Alternative Uses
Best Use
Multifamily LT 5
$868.1K
$759.6K – $1.01M
NOI $60,769 @ 7.0% cap · market cap 9.21%
Second Best
Apartment 5plus
$797.7K
$698.0K – $930.6K
NOI $55,838 @ 7.0% cap · market cap 8.46%
Theoretical Best
Office A
$948.1K
$829.6K – $1.11M
NOI $66,369 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,635
Businesses Nearby
Explore this area
Business Placement
Demographics for 07501, NJ
37,918
Population
13,119
Households
2.9
Avg Household Size
33
Median Age
9%
College-Educated
71%
High-School Grad
1.8 sq mi
ZIP Area
21,066
Density / Sq Mi
$40,699
Median Household Income
$32,103
Median Earnings
$1,442
Median Rent
$304,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Paterson, NJ
Properties on Market for Triplexes in Paterson
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The first and second floors each contain three bedrooms, while the top-floor apartment has one bedroom.
Where is this triplex located?
The property is located at 942 E 19th St Paterson, NJ.
What is the asking price?
The asking price for this property is $659,900.
What are key features of this property?
This property features: Three‑unit residential property built in 1930; First- and second‑floor apartments each have 3 bedrooms; Third‑floor apartment has 1 bedroom
