111-115 Washington St Paterson, NJ 07505
This exceptional Class A executive office building, located at 111-115 Washington Street in Paterson, New Jersey (zip code 07505), presents a unique investment opportunity. The 20,000 square foot building boasts a blend of pre-war architectural charm and modern, state-of-the-art design, creating a prestigious and highly desirable workspace. Situated in Paterson's historic district, this prime location offers unparalleled convenience, with proximity to NJ Transit, readily accessible parking garages, and adjacency to both county and city courthouses. Currently, two floors are fully occupied by financially sound tenants, demonstrating strong rental income potential. The first floor also enjoys high occupancy, with only a single unit (under 2000 square feet) currently available. A recent, comprehensive gut renovation ensures the building is in excellent condition. Further enhancing its value proposition, the sub-level includes two approved units ready for future development and lease. The asking price for this remarkable property is $10,000,000. This is a rare opportunity to acquire a high-quality, well-located, and income-producing asset in a thriving New Jersey market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.