Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Haledon Ave Paterson, NJ 07522

    • Mixed-use properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 0 Haledon Ave

    Property type
    Mixed-use properties
    Property subtype
    Apartment buildings

    Description

    This exceptional mixed-use property in Paterson, New Jersey, presents a compelling investment opportunity. Located at 233 E Haledon Ave, this building sits on a 3,920 sq ft lot (APN: 2508005010000000020000) and is zoned R-2. The property features two renovated residential units: a two-bedroom apartment with a spacious living area, eat-in kitchen, and updated bathroom; and a four-bedroom unit boasting a master suite, two bathrooms, a modern eat-in kitchen, and ample storage. A bonus space on the third floor offers significant expansion potential. Separate utilities for each unit simplify management. The commercial space is available for lease, promising consistent rental income. This property enjoys a prime location, just one block from Haledon borough and a short distance from Prospect Park, providing convenient access to amenities, transportation, and major highways. The asking price is $1,489,999. This is an ideal investment for those seeking a blend of residential and commercial income streams in a thriving New Jersey community. The property's strong rental potential and versatile layout make it an attractive option for both seasoned investors and owner-occupants.

    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
    -74.168
    Latitude
    40.9267

    Comparable in this City

    • Value Estimation
      $575,000
      2,900 SF

      228 Marion St, Unit 238

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,900 SF
      228 Marion St, Paterson, NJ 07522-1953
      View Details
    • Value Estimation by Request
      1,710 SF

      111-113 8th St, Unit 113

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,710 SF
      111-113 8th St, Paterson, NJ 07522-1107
      View Details
    • Value Estimation
      $600,000
      2,102 SF

      29-31 Wayne Ave, Unit 31

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,102 SF
      29-31 Wayne Ave, Paterson, NJ 07522-1468
      View Details
    • Value Estimation by Request
      2,053 SF

      41 Wayne Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,053 SF
      41 Wayne Ave, Paterson, NJ 07522-1465
      View Details
    • Value Estimation by Request
      2,000 SF

      290 Presidential Blvd

      Commercial real estate • 2,000 SF
      290 Presidential Blvd, Paterson, NJ 07522
      View Details
    • Value Estimation by Request
      0.06 Acres

      225 Walnut St

      COMMERCIAL (GENERAL) • 0.06 Acres
      225 Walnut St, Paterson, NJ 07522
      View Details

    Similar Nearby for Sale

    • $874,900

      Mixed-Use Building in Great Falls

      Mixed-use building with apartments and commercial space in Paterson.
      41-43 Paterson Ave, Paterson, NJ 07522
      View Details
    • $799,900

      Mixed-Use Property with Apartment Units

      Mixed-use property featuring retail space and two apartment units.
      116 Belmont Ave, Paterson, NJ 07522
      View Details
    • $4,250,000

      New Mixed-Use Investment Property

      Fully rented mixed-use property with 12 apartments and retail space.
      199 W Broadway, Paterson, NJ 07522
      View Details
    • $579,000

      Mixed-Use Property in Paterson

      Mixed-use property featuring a restaurant and a 2-bedroom apartment.
      465 Union Ave, Paterson, NJ 07522
      View Details
    • $1,250,000

      Income Generating Multifamily Building

      Five-family building with garages and storage units near Paterson Falls.
      58 Wayne Ave, Paterson, NJ 07522
      View Details
    • $549,000

      Renovated Mixed-Use Building with Bar

      Mixed-use property featuring a bar, karaoke, and residential units.
      541 Union Ave, Paterson, NJ 07522
      View Details

    Similar Nearby for Lease

    • $2,400 /Mo

      Spacious Paterson Apartment with Backyard

      First-floor 3-bedroom apartment with shared backyard and convenient location.
      20 N 7Th St, Paterson, NJ 07522
      View Details
    • $2,000 /Mo
      5,663 SF

      Paterson City Mixed-Use Space

      Mixed-use property in Paterson City, suitable for store or office.
      Paterson City, Paterson, NJ 07522
      View Details
    • $2,000 /Mo

      Renovated 3-Bedroom Apartment For Rent

      Recently renovated 3-bedroom apartment available for rent in Paterson, NJ.
      19 White St, Paterson, NJ 07522
      View Details
    • $7,000 /Mo
      1,316 SF

      Remodeled Auto Repair Garage

      Remodeled auto repair garage in high-traffic area, suitable for various vehicles.
      480 Union Ave, Paterson, NJ 07522
      View Details
    • $1,500 /Mo
      100,188 SF

      Renovated Office Space For Rent

      625 sqft renovated office space suitable for professional use.
      446 Chamberlain Ave, Paterson, NJ 07522
      View Details
    • $2,000 /Mo

      Retail or Office Space Available

      Neighborhood retail or office space for rent in Paterson.
      1 Laurel St, Paterson, NJ 07522
      View Details
    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.
    Haledon Ave
    Paterson, NJ 07522
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!