71 1st Ave 83 Paterson, NJ 07514-2028
F. B‐2 Community Business District: The intent of the B‐2 Community Business District is to provide sufficient space in appropriate locations for a wide variety of commercial and service activities, serving a wider area than the B‐1 District. The district is intended to consist primarily of businesses involved in the rendering of services or selling of goods…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
B-2 · Paterson, NJF. B‐2 Community Business District: The intent of the B‐2 Community Business District is to provide sufficient space in appropriate locations for a wide variety of commercial and service activities, serving a wider area than the B‐1 District. The district is intended to consist primarily of businesses involved in the rendering of services or selling of goods or merchandise primarily oriented towards residents of the City of Paterson as a whole (i.e., generally larger scale and more specialized retail establishments than permitted in the B‐1 District such as auto supply stores, book stores, clothing and shoe stores, sporting goods stores and supermarkets), as well as other commercial uses that are not permitted in the B‐1 District, including gasoline filling stations, automobile repair, hotels and motels, car washes and drive‐through restaurants. However, more intensive and larger scale commercial uses (e.g., motor vehicle sales establishments, boat and marine showrooms and sales, building supply stores and home maintenance supply centers), businesses that are primarily involved in the rendering of sales or service to other businesses (e.g., business services and wholesale establishments), as well as warehousing and light industrial uses are not permitted in the B‐2 District. This district is located normally at the conveyance of or along major thoroughfares where a general mixture of commercial and service activity now exists, but which uses are not characterized by extensive warehousing or frequent heavy truck activity. G. B‐3 General Business District: The intent of the B‐3 General Business District is to provide a wider and more intensive range of business and service activities than permitted in the B‐1 and B‐2 districts. The permitted uses would generate larger volumes of vehicular traffic, would need more off‐street parking and loading, and would require more planning to integrate such districts with adjacent residential areas. Commercial uses engaged in the selling of goods, merchandise or services to patrons from a wider region (e.g., boat and marine showrooms and sales, building supply stores and home maintenance supply centers) are permitted in the B‐3 District, as are motor vehicle sales establishments and businesses that are primarily involved in the rendering of sales or service to other businesses (e.g., business services and wholesale establishments). However, with the exception of indoor warehousing, industrial uses are prohibited from this district.
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Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.