Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    70-96 Ct St Paterson, NJ 07503

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    70-96 Ct St Paterson, NJ 07503

    View on Map
    • Commercial real estate
    • 5,600 SF
    For Sale
    $19,800,000
    View Listing →
    Paterson Redevelopment Opportunity For Sale
    $19,800,000
    5,600 SF

    Paterson Redevelopment Opportunity

    Prime Paterson location, high redevelopment potential.

    70-96 Ct St, Paterson, NJ 07503
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 70-96 Ct St

    Year built
    1940
    Property size
    5,600 SF
    Property type
    Commercial real estate

    Description

    This exceptional 5,600 square foot property located at 70-96 Court Street, Paterson, NJ, presents a unique redevelopment opportunity in Area 11. The site offers significant potential due to its size and strategic proximity to St. Joseph's University Medical Center. The existing structures on the property, including a newer medical facility, could be repurposed or demolished to accommodate a variety of new construction projects. The land is well-suited for a range of uses, including ancillary medical facilities, residential developments, retail spaces, or a storage facility. Currently zoned 4A, there's potential for zoning changes or variances that could unlock even more intensive uses. This presents a compelling investment opportunity for developers seeking a prime location with substantial upside. Detailed lot information and tax maps are available through the State's information resources. The asking price for this significant property is $19,800,000. This is a rare chance to acquire a substantial parcel in a rapidly developing area of Paterson, offering a high return on investment for the right developer. Don't miss this chance to shape the future of this vibrant city.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Paterson
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.1655
    Latitude
    40.8994

    Comparable in this City

    • Value Estimation by Request

      369 Crooks Ave, Unit 379

      COMMERCIAL (GENERAL)
      369 Crooks Ave, Paterson, NJ 07503-1020
      View Details
    • Value Estimation by Request
      0.90 Acres

      455 Getty Ave, Unit 467

      COMMERCIAL (GENERAL) • 0.90 Acres
      455 Getty Ave, Paterson, NJ 07503-1813
      View Details
    • Value Estimation by Request

      324 Railway Ave, Unit 352

      COMMERCIAL (GENERAL)
      324 Railway Ave, Paterson, NJ 07503
      View Details
    • Value Estimation
      $16,950,000
      174,778 SF

      28 Beckwith Ave, Unit 42

      COMMERCIAL (GENERAL) • 174,778 SF
      28 Beckwith Ave, Paterson, NJ 07503-2804
      View Details
    • Value Estimation
      $1,070,000
      4,952 SF

      1036-1040 Main St, Unit 1040

      COMMERCIAL (GENERAL) • 4,952 SF
      1036-1040 Main St, Paterson, NJ 07503-2212
      View Details
    • Value Estimation by Request

      48 Barclay St, Unit 62

      COMMERCIAL (GENERAL)
      48 Barclay St, Paterson, NJ 07503-3134
      View Details

    Similar Nearby for Sale

    • $19,800,000
      5,600 SF

      Paterson Redevelopment Opportunity

      Prime Paterson location, high redevelopment potential.
      70-96 Ct St, Paterson, NJ 07503
      View Details
    • Contact for pricing

      Profitable Restaurant with Outdoor Patio

      Turnkey restaurant with loyal customer base and outdoor dining.
      789 Main St, Paterson, NJ 07503
      View Details
    • $1,950,000
      5,000 SF

      Versatile Commercial Building with Gated Lot

      5000 SF commercial building on 10,000 SF lot.
      72-78 Illinois Ave, Paterson, NJ 07503
      View Details
    • $19,800,000

      Paterson Redevelopment Opportunity

      Redevelopment potential near St. Joseph's University Medical Center.
      70 Levine St, Paterson, NJ 07503
      View Details
    • $2,250,000

      Religious Facility with Detached House

      Religious facility, house, and parking lots on 0.40 acres.
      221 Spring St, Paterson, NJ 07503
      View Details
    • Contact for pricing

      Paterson Office Space for Lease

      Prime Paterson Office, $2300/month.
      970 Main St, Paterson, NJ 07503
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Space for Rent

      Commercial space available for rent at 500 Marshall Street.
      500 Marshall St, Paterson, NJ 07503
      View Details
    • $12 SF/Yr

      Renovated Three-Bedroom Apartment Available

      First-floor, renovated 3-bedroom apartment in a walkable neighborhood.
      18 Michigan Ave, Paterson, NJ 07503
      View Details
    • Contact for pricing

      Truck Parking with Office/Garage

      0.8 acre truck parking with 3500 SF office/garage.
      16 Bloomfield Ave, Paterson, NJ 07503
      View Details
    • $1,100 /Mo

      Paterson Office Space for Rent

      Second-floor office with two rooms, storage, restroom, and parking.
      970 Main St, Paterson, NJ 07503
      View Details
    • $3,500 /Mo
      2,500 SF

      Furnished Hair Salon For Rent

      Fully furnished hair salon with parking in a good location.
      361 Crooks Ave, Paterson, NJ 07503
      View Details
    • $2,400 /Mo
      7,405 SF

      Paterson City Office Space

      1,100 sq ft office space in busy strip mall.
      311 Crooks Ave, Paterson, NJ 07503
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    70-96 Ct St
    Paterson, NJ 07503
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    70-96 Ct St, Paterson, NJ, 07503

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!