Financial
Distress signals
Property profile

58 Washington Ave 60 Paterson, NJ 07503

OFF-MARKET
Other industrial properties
Property ID
US59-0339725
16,196 SF 0.28 ac lot
Last sale Dec 2025 · $1,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a commercial/mixed-use site in Paterson City, New Jersey, located near St. Joseph's Hospital with access to major highways and transportation. It sits on a lot of approximately 0.36–0.40 acres and includes a building with approximately 10,200 square feet of living area. The layout is described as capable of supporting three to four rental units/income-producing spaces and includes separate utilities for the units/spaces. The site allows for redevelopment potential for both

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$35k
Tax billed · 2023
Assessed value · 2024$709k
Assessed land$392k
Assessed improvement$317k
Effective rate4.90%

Value estimate

· Sep 2026
$515k
$464k – $567k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$184/SF
Submarket average, outlier-cleaned · 83 recorded sales of this use type
Observed band · Q1–Q3$99 – $311
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B-2
F. B‐2 Community Business District: The intent of the B‐2 Community Business District is to provide sufficient space in appropriate locat...
General categoryCOMMERCIAL
JurisdictionPASSAIC

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency9.6
Veterinary Clinic8.8
Shoe Repair8.7

Location

58 Washington Ave, Unit 60 Paterson, NJ 07503-3048
County assessor Recorded deeds · 1 transfer 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
19-21 California, Paterson, NJ 07503-2520 $850,000 Apr 2025 18,184 SF
262 Wabash, Paterson, NJ 07503-1612 $1,300,000 Aug 2024 7,771 SF
600-602 Main, Paterson, NJ 07503-3027 $600,000 Nov 2021 15,130 SF
243-247 Lindbergh, Paterson, NJ 07503-2800 $9,648,887 Jun 2021 23,110 SF
318-320 Atlantic, Paterson, NJ 07503-2402 $220,000 Sep 2019 5,008 SF
258-262 Atlantic, Paterson, NJ 07503-2762 $435,000 Mar 2019 6,854 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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