Technical
Financial
Distress signals
Property profile

359 Hamilton Ave 367 Paterson, NJ 07501

OFF-MARKET
Commercial real estate
Property ID
US59-2209595
25,000 SF 0.29 ac lot
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction BRICK
Total area 25,000 SF
Lot 0.29 ac (12,500 SF)
Zoning code I-1
APN 08 03507-0000-00017
UPID US59-2209595

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
  • Atm

Location

359 Hamilton Ave, Unit 367 Paterson, NJ 07501-4219
Paterson metro Census 181400 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.37M
Blend (final) Blend
$545k

Owner & transaction history

since 2021
6 recorded transactions
2021
Price N/A
2020
Price N/A
2020
Price N/A
2018
$300,000
2018
Price N/A
2004
$275,000

Zoning & alternative use

I-1 · Paterson, NJ
Zoning description

J. I‐1 Light Industrial District: The intent of the I‐1 Light Industrial District is to provide for a wide variety of light manufacturing, fabricating, processing, wholesale, distribution and warehousing uses in a settin…

General category INDUSTRIAL

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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