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Financial
Distress signals
Property profile

150-154 Ellison St Paterson, NJ 07505

OFF-MARKET
Commercial real estate
Property ID
US59-2608056
22,970 SF 0.18 ac lot
Last sale Jul 2026 · $1,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional redevelopment opportunity in Paterson, New Jersey, presents a unique chance to acquire two buildings totaling 150-154 Ellison Street, 07505. Listed at $2,500,000, this mixed-use property is situated in a high-traffic downtown location, offering significant potential for a substantial return on investment. The buildings are in need of complete rehabilitation, presenting a blank canvas for a visionary developer. Preliminary plans suggest the possibility of developing…

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?
$22k
Tax billed · 2022
Assessed value · 2023$475k
Assessed land$377k
Assessed improvement$98k
Effective rate4.64%

Value estimate

· Oct 2026
$660k
$594k – $726k
Submarket $/SF estimate$1.12M

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

Recently sold

What actually traded nearby?
$173/SF
ZIP average, outlier-cleaned · 66 recorded sales of this use type
Observed band · Q1–Q3$84 – $250
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?
B-4
H. B‐4 Central Business District: The purpose of this district is to foster the development of a vibrant, pedestrian‐friendly, and access...
General categoryCIVIC_INSTITUTIONAL
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 agency11.6
Pet Grooming Service8.7
Assisted Living Facility8.7

Location

150-154 Ellison St Paterson, NJ 07505-1329
County assessor Recorded deeds · 7 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
36-37 Van Houten, Paterson, NJ 07505-1028 $13,700,000 Jun 2025 17,616 SF
197 Market, Paterson, NJ 07505-1509 $1,325,000 May 2025 12,162 SF
271 Main, Paterson, NJ 07505-1731 $1,170,000 Mar 2025 11,127 SF
220-222 Ellison, Paterson, NJ 07505-1602 $2,850,000 Mar 2025 13,425 SF
191 Broadway, Paterson, NJ 07505-1117 $2,000,000 Oct 2024 12,300 SF
302-304 Main, Paterson, NJ 07505-1824 $1,500,000 Mar 2024 9,253 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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