Property profile

282-285 Railway Ave 285 Paterson, NJ 07503

OFF-MARKET
Industrial properties
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Property ID
US59-1654869
3,852 SF 0.25 ac
Last sale Nov 2023·$1,400,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$27k
Tax billed · 2022
Assessed value · 2023$577k
Assessed land$91k
Assessed improvement$485k
Effective rate4.64%

Value estimate

· Nov 2026
$1.83M
$1.65M – $2.01M
AI approach$1.70M
Submarket $/SF estimate$1.20M

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$184/SF
Submarket average, outlier-cleaned · 83 recorded sales of this use type
Observed band · Q1–Q3$99 – $311
Qualifying comparables7

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?
I-1
J. I‐1 Light Industrial District: The intent of the I‐1 Light Industrial District is to provide for a wide variety of light manufacturing...
General categoryINDUSTRIAL
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 Facility13.4
Gym & Fitness11.3
Acupuncture10.0

Location

282-285 Railway Ave, Unit 285 Paterson, NJ 07503-1324
County assessor Recorded deeds · 3 transfers 7 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
58 Washington, Paterson, NJ 07503-3048 $1,500,000 Dec 2025 16,196 SF
262 Wabash, Paterson, NJ 07503-1612 $1,300,000 Aug 2024 7,771 SF
600-602 Main, Paterson, NJ 07503-3027 $600,000 Nov 2021 15,130 SF
28 Dundee, Paterson, NJ 07503-1206 $847,300 Oct 2021 1,725 SF
318-320 Atlantic, Paterson, NJ 07503-2402 $220,000 Sep 2019 5,008 SF
258-262 Atlantic, Paterson, NJ 07503-2762 $435,000 Mar 2019 6,854 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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