Technical
Financial
Distress signals
Property profile

72 Illinois Ave 74 Paterson, NJ 07503

OFF-MARKET
Industrial properties
Property ID
US59-1382452
4,670 SF 0.11 ac lot
Entity Owned 21-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Construction CONCRETE BLOCKS
Total area 4,670 SF
Lot 0.11 ac (5,000 SF)
Zoning code MU
APN 08 07210-0000-00003
UPID US59-1382452

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
  • Car Dealership

Location

72 Illinois Ave, Unit 74 Paterson, NJ 07503-1724
Paterson metro Census 183102 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
$815k
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2005
1 recorded transaction
2005
$1

Zoning & alternative use

MU · Paterson, NJ
Zoning description

I. MU Mixed Use District: The MU Mixed Use District is intended to permit a mixture of commercial and industrial uses in appropriate locations in accordance with the City's Master Plan. This district is intended to creat…

General category MIXED_USE
Top alternative use upside
Office building $860,000 +0.0%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 72 Illinois Ave, Unit 74?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message