Property profile

514 Park Ave Paterson, NJ 07504

OFF-MARKET
Commercial real estate
Property ID
US59-1266354
8,674 SF 0.08 ac lot
Individually Owned 4-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 8,674 SF
Lot 0.08 ac (3,700 SF)
Zoning code B-1
APN 08 08613-0000-00002
UPID US59-1266354

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
  • Restaurant
  • Specialty Food Shop Supermarket
  • Atm

Location

514 Park Ave Paterson, NJ 07504-1585
Paterson metro Census 182600 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
$1.04M
Blend (final) Blend
$400k

Owner & transaction history

since 2022
4 recorded transactions
2022
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

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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