Technical
Financial
Distress signals
Property profile

124 16th Ave Paterson, NJ 07501

OFF-MARKET
Commercial real estate
Property ID
US59-0596618
3,142 SF 0.03 ac lot
Entity Owned 3-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction FRAME
Total area 3,142 SF
Lot 0.03 ac (1,500 SF)
Zoning code R-3
APN 08 04212-0000-00001
UPID US59-0596618

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant Take-out & Catering
  • Restaurant

Location

124 16th Ave Paterson, NJ 07501-2329
Paterson metro Census 182302 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

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 2023
2 recorded transactions
2023
Price N/A
2008
$635,000

Zoning & alternative use

R-3 · Paterson, NJ
Zoning description

C. R‐3 High Medium Density Residential District: The R‐3 High Medium Density Residential District is designed to permit more intensive residential use of land than permitted in the R‐1 and R‐2 Districts, with various typ…

General category RESIDENTIAL

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 124 16th Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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