Property profile

42 Van Buren St Passaic, NJ 07055

OFF-MARKET
Mixed-use properties
Property ID
US59-1187349
0.2 ac lot
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Property summary

AI-generated overview

This exceptional mixed-use property at 42 Van Buren Street in Passaic, New Jersey, presents a compelling investment opportunity. Priced at $800,000, this 0.2-acre lot (75x118 ft) encompasses two structures: a vacant house of worship and an occupied rectory home. The rectory features two one-bedroom apartments, each complete with a living room, dining room, kitchen, and bathroom. The property is currently configured as a combined religious and residential space, but its zoning and separate structures offer considerable flexibility for future development. Potential uses, subject to local authority verification, could include a community center, school, or conversion into a unique residential property. The property is sold as a single entity, with the house of worship vacant and the rectory currently occupied. This presents a rare chance to acquire a substantial property in Passaic, New Jersey, with significant potential for redevelopment or continued use as a mixed-use investment. The property's size and location in Passaic County, zip code 07055, make it an attractive proposition for investors seeking a versatile and potentially high-return asset. Buyers are responsible for verifying all zoning regulations and permitted uses with the relevant local authorities.

Property profile

Verified
Property type Mixed-use properties
Lot 0.2 ac (8,712 SF)
UPID US59-1187349

Cap rate & NOI

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

Location

42 Van Buren St Passaic, NJ 07055
Passaic metro
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Value estimations

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Owner & transaction history

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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