Property profile

215-219 Pennsylvania Ave 219 Paterson, NJ 07503

OFF-MARKET
Industrial properties
Property ID
US59-1191244
13,011 SF 0.21 ac lot
Entity Owned 19-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Construction BRICK
Total area 13,011 SF
Lot 0.21 ac (9,300 SF)
Zoning code MU
APN 08 07212-0000-00001
UPID US59-1191244

Cap rate & NOI

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

Location

215-219 Pennsylvania Ave, Unit 219 Paterson, NJ 07503-2120
Paterson metro Census 183102 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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.42M
Blend (final) Blend
$445k

Owner & transaction history

since 2006
3 recorded transactions
2006
$750,000
2003
$425,000
1969
Price N/A

Zoning & alternative use

MU · Paterson, NJ
Zoning description

I. MU Mixed Use District: The MU Mixed Use District is intended to permit a mixture of commercial and industrial uses in appropriate locations in accordance with the City's Master Plan. This district is intended to creat…

General category MIXED_USE

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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