Property profile

318-320 Preakness Ave 320 Paterson, NJ 07502

OFF-MARKET
Commercial real estate
Property ID
US59-2091359
0.06 ac lot
Entity Owned 5-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.06 ac (2,805 SF)
Zoning code MU
APN 08 01204-0000-00006
UPID US59-2091359

Cap rate & NOI

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

Location

318-320 Preakness Ave, Unit 320 Paterson, NJ 07502-1728
Paterson metro Census 180201 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
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2021
3 recorded transactions
2021
Price N/A
1969
Price N/A
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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