Property profile

38 Main St Paterson, NJ 07522

OFF-MARKET
Commercial real estate
Property ID
US59-2721071
2,418 SF 0.03 ac lot
Entity Owned 7-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction BRICK
Total area 2,418 SF
Lot 0.03 ac (1,200 SF)
Zoning code B-1
APN 08 00212-0000-00001
UPID US59-2721071

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
  • Grocery & Convenience Store

Location

38 Main St Paterson, NJ 07522-1722
Paterson metro Census 264200 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 2019
7 recorded transactions
2023
Price N/A
2020
Price N/A
2019
$127,400
2018
Price N/A
2006
$1.5M
2004
$155,000
2002
$132,000

Zoning & alternative use

B-1 · Paterson, NJ
Zoning description

E. B‐1 Neighborhood Business District: The intent of the B‐1 Neighborhood Business District is to provide low‐intensity, neighborhood scale retail and personal service businesses that supply the everyday needs of residen…

General category COMMERCIAL

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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