Property profile

121-123 Broadway 123 Paterson, NJ 07522

OFF-MARKET
Commercial real estate
Property ID
US59-1089283
4,998 SF 0.06 ac lot
Entity Owned 22-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction BRICK
Total area 4,998 SF
Lot 0.06 ac (2,548 SF)
Zoning code B-3
APN 08 00605-0000-00007
UPID US59-1089283

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

121-123 Broadway, Unit 123 Paterson, NJ 07522-2018
Paterson metro Census 264200 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2003
2 recorded transactions
2003
$150,000
2002
$54,000

Zoning & alternative use

B-3 · Paterson, NJ
Zoning description

G. B‐3 General Business District: The intent of the B‐3 General Business District is to provide a wider and more intensive range of business and service activities than permitted in the B‐1 and B‐2 districts. The permitt…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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