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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    39 E 39Th St Paterson, NJ 07514

    • Office buildings
    • 800 SF
    For Sale
    View listing
    $1,250,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1751429
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Empress House / Property Management Company
    • Usa home Painting llc / Post Office
    • Amazin Kid’s Paradise Academy / High School / Daycare Center
    • A'royal Academy / Daycare Center
    • Ann's Little Angels / Daycare Center

    Property Details for 39 E 39Th St

    Property size
    800 SF
    Zone code
    R-4
    Property type
    Office buildings
    APN
    08 08205-0000-00010-0000-C1002
    APU
    08082050000000100000C1002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Paterson
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.135
    Latitude
    40.9219
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $2,785
    $33,800
    $26,200
    $60,000
    -
    $33,800
    $26,200
    $60,000

    Comparable in this City

    • Value Estimation
      $940,000
      6,078 SF

      39 39th St, Unit 1001

      OFFICE BUILDING • 6,078 SF
      39 39th St, Paterson, NJ 07514-1172
      View Details
    • Value Estimation by Request
      15,000 SF

      738-756 Broadway

      Medical offices • 15,000 SF
      738-756 Broadway, Paterson, NJ 07514
      View Details
    • Value Estimation by Request

      360-394 Blvd Boulevard

      COMMERCIAL (GENERAL)
      360-394 Blvd Boulevard, Paterson, NJ 07514
      View Details
    • Value Estimation by Request
      2.26 Acres

      Plot No, Unit 6

      COMMERCIAL (GENERAL) • 2.26 Acres
      Plot No, Paterson, NJ 07514
      View Details
    • Value Estimation by Request

      501 10th Ave, Unit 507

      COMMERCIAL (GENERAL)
      501 10th Ave, Paterson, NJ 07514-1435
      View Details
    • Value Estimation by Request

      499 Broadway, Unit 501

      COMMERCIAL (GENERAL)
      499 Broadway, Paterson, NJ 07514-2811
      View Details

    Similar Nearby for Sale

    • $1,250,000
      6,300 SF

      Empress House Office Space

      Office space in high-rise condominium building with outdoor area.
      39 E 39Th St, Paterson, NJ 07514
      View Details
    • $3,999,000
      30,000 SF

      Paterson Warehouse: Prime Industrial Space

      30,000 SF Warehouse, Two Stories, Excellent Location
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    • $5,366,000
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      Fully Occupied Retail Center

      100% occupied retail center with major tenants and high traffic.
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    • $1,000,000
      0.11 Acres

      Mixed-Use Property in Paterson City

      Four-unit property with restaurant and garages, generating substantial rental income.
      Paterson City, Paterson, NJ 07514
      View Details
    • $89,900
      3,132 SF

      Turnkey Car Dealership Business

      Established used car dealership business for sale in high-traffic area.
      485 E 22Nd St, Paterson, NJ 07514
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    • Contact for pricing
      3.01 Acres

      Prime Paterson Commercial Land

      3.01 Acres, Ideal Development
      417 8Th Ave, Paterson, NJ 07514
      View Details

    Similar Nearby for Lease

    • $1,295,000
      2,000 SF

      Two-Story Professional Building For Rent

      Two-story professional building with medical space available for rent.
      714 Broadway, Paterson, NJ 07514
      View Details
    • $3,200 /Mo

      Spacious First-Floor Office Space

      2,500 sq ft office with parking and separate entrances.
      720 Broadway 714, Paterson, NJ 07514
      View Details
    • $7,800 /Mo
      6,098 SF

      Paterson City Commercial Space

      Highly visible retail, office, or light industrial space for rent.
      Paterson City, Paterson, NJ 07514
      View Details
    • $2,400 /Mo

      Spacious Apartment with 3 Bedrooms

      Third-floor apartment featuring 3 bedrooms and 2 full bathrooms.
      399 E 28Th St, Paterson, NJ 07514
      View Details
    • $3,150 /Mo

      New Three-Bedroom Apartment in Paterson

      New three-bedroom apartment with modern design and convenient location.
      229 E 24Th St, Paterson, NJ 07514
      View Details
    • $2 SF/Yr

      295 Broadway, Unit a

      Store front at Carroll and Broadway
      295 Broadway, Paterson, NJ 07514
      View Details
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    39 E 39Th St
    Paterson, NJ 07514
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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