Financial
Distress signals
Property profile

15 Paterson Ave Little Falls, NJ 07424

FOR LEASE
Other commercial real estate
Property ID
US59-1557076
4,175 SF 0.1 ac lot Built 1919
Last sale May 2023 · $850,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property includes a newly constructed restaurant space totaling approximately 4,500 square feet within a mixed-use building that has six residential apartments above. The main dining area is configured with an open floor plan featuring approximately 20-foot ceiling heights, floor-to-ceiling glazing, abundant natural light, and rear-facing windows that overlook the river; the rear glazing includes operable Juliet balconies. The space also includes a lower level with dedicated prep kitchen

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$11k
Tax billed · 2022
Assessed value · 2023$343k
Assessed land$134k
Assessed improvement$210k
Effective rate3.29%

Value estimate

· Sep 2026
$915k
$824k – $1.01M
AI approach$950k
CAP approach$800k
Sales comparison$636k
NOI build-up
Gross scheduled income$97k
Vacancy & credit loss−$8k
Operating expenses−$34k
NOI · 319.37% cap applied$56k

Realmo valuation models over county records and 28 qualifying comparable sales.

Recently sold

What actually traded nearby?
$219/SF
ZIP average, outlier-cleaned · 48 recorded sales of this use type
Observed band · Q1–Q3$152 – $300
Qualifying comparables28

Cap rate analysis

How does the asset earn?
319.37%
$56k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionPASSAIC

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility10.5
Daycare Center9.3
Catering Service8.8

Location

15 Paterson Ave Little Falls, NJ 07424
County assessor Recorded deeds · 5 transfers 28 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1585 Us Hwy 46, Little Falls, NJ 07424-1744 $1,540,000 Sep 2025 5,056 SF
1047 Mcbride, Little Falls, NJ 07424 $1,160,000 Mar 2024 4,531 SF
821 Mcbride, Woodland Park, NJ 07424-2701 $636,671 Feb 2024 3,262 SF
342 Main, Little Falls, NJ 07424-1208 $300,000 Dec 2023 3,465 SF
107 Main, Little Falls, NJ 07424-1400 $850,000 Jul 2023 5,314 SF
568 Mcbride, Woodland Park, NJ 07424-2850 $900,000 Jun 2023 3,438 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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