Financial
Distress signals
Property profile

586-588 21st Ave 588 Paterson, NJ 07513

OFF-MARKET
Commercial real estate
Property ID
US59-2147876
4,644 SF 0.08 ac lot
Last sale May 2023 · $570,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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?
$21k
Tax billed · 2022
Assessed value · 2023$409k
Assessed land$63k
Assessed improvement$346k
Effective rate5.15%

Value estimate

· Sep 2026
$720k
$648k – $792k
AI approach$665k
Submarket $/SF estimate$554k

Realmo valuation models over county records and 30 qualifying comparable sales.

Recently sold

What actually traded nearby?
$210/SF
ZIP average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$101 – $286
Qualifying comparables30

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B-1
E. B‐1 Neighborhood Business District: The intent of the B‐1 Neighborhood Business District is to provide low‐intensity, neighborhood sca...
General categoryCOMMERCIAL
JurisdictionPASSAIC

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency22.5
Parking Facility13.2
Gym & Fitness10.8

Location

586-588 21st Ave, Unit 588 Paterson, NJ 07513-1364
County assessor Recorded deeds · 7 transfers 30 qualifying comp sales Zoning catalog

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
1060 22nd, Paterson, NJ 07513-1681 $372,000 Feb 2025 4,840 SF
846-848 Market, Paterson, NJ 07513-1180 $765,000 Nov 2024 4,535 SF
331 Vreeland, Paterson, NJ 07513-1036 $65,000 Jun 2024 4,138 SF
850-852 Market, Paterson, NJ 07513-1172 $700,000 Mar 2024 5,500 SF
405-407 21st, Paterson, NJ 07513-1607 $799,000 Oct 2022 3,791 SF
447 21st, Paterson, NJ 07513-1601 $1,220,000 Aug 2022 4,284 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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