New-Construction
For Sale
$860,000
Pending
Paterson City, Paterson, NJ 07524
Multi-Family, Under/Over, Paterson City, NJ
Property Size3,117 SF
Lot Size0.06 Acres
Days on Market95
Property Features for Paterson City
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Bedrooms
6
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bathroom 2, Bedroom 6, Bedroom 5, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 4, Bedroom 3
Parking
2
Interior features
Carbon Monoxide Detector, High Ceilings, Smoke Detector, Vinyl-Linoleum Floors, Walk-In Closet
Exterior features
Curbs, Sidewalk
Lot features
Level Lot
Standard status
Pending
Size
3,117 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1013
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
2026
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
COLDWELL BANKER SUSANI REALTY · Coldwell Banker Real Estate
(973) 790-6996
Listed By:
YORDANI NICASIO · License #410758
(973) 790-6996
Added: May 30
Changed: Aug 30
Last Checked: Sep 1 at 12:06AM
MLS# 4031081
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.
Investment Insights
Based on property information with market context.
This under-construction duplex is designed as a two-unit residential property totaling 3117 square feet on a 0.06-acre lot. Each residence includes 3 bedrooms, 2 full baths, an open layout, modern finishes, high ceilings, and a walk-in closet. Separate utilities and a two-car garage add practical functionality. Forced-air heating, public water, public sewer, shingle roofing, sidewalks, and curbs are also planned property features.
The property is scheduled for delivery upon completion in 2026 and includes a 5-year tax abatement. Its Paterson setting provides proximity to highways, shopping, schools, and transportation. The configuration supports either owner occupancy or a multifamily investment strategy, as stated in the property information.
The property is scheduled for delivery upon completion in 2026 and includes a 5-year tax abatement. Its Paterson setting provides proximity to highways, shopping, schools, and transportation. The configuration supports either owner occupancy or a multifamily investment strategy, as stated in the property information.
Key Highlights
- Two‑unit duplex totaling 3117 square feet
- Each unit offers 3 bedrooms and 2 full baths
- 0.06‑acre lot with a 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,167
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,043,340
$1.0M
Cap Rate 7%
$745,243
$745.2K
Cap Rate 9%
$579,633
$579.6K
Market Conditions
NOI Build-Up for 3,117 SF
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.
Gross rent
$79.7K $25.56/SF
− Vacancy
−$5.1K −$1.65/SF
EGI
$74.5K $23.91/SF
− OpEx
−$22.4K −$7.17/SF
NOI
$52.2K $16.74/SF
Area
Paterson, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,043,340
Cap Rate 7%
$745,243
Cap Rate 9%
$579,633
Alternative Uses
Best Use
Multifamily LT 5
$745.2K
$652.1K – $869.5K
NOI $52,167 @ 7.0% cap · market cap 6.07%
Second Best
Apartment 5plus
$684.8K
$599.2K – $798.9K
NOI $47,933 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$813.9K
$712.2K – $949.6K
NOI $56,974 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,835
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature open layouts, modern finishes, separate utilities, and a shared two-car garage.
Where is this duplex located?
The property is located at Paterson City Paterson, NJ.
What is the asking price?
The asking price for this property is $860,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 3117 square feet; Each unit offers 3 bedrooms and 2 full baths; 0.06‑acre lot with a 2‑car garage
