Technical
Financial
Distress signals
Property profile

8 Morris St 14 Paterson, NJ 07501

OFF-MARKET
Industrial properties
Property ID
US59-1755535
41,952 SF 0.5 ac lot
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Construction BRICK
Total area 41,952 SF
Lot 0.5 ac (21,780 SF)
Zoning code GFHD
APN 08 04802-0000-00024
UPID US59-1755535

Cap rate & NOI

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

Location

8 Morris St, Unit 14 Paterson, NJ 07501-1706
Paterson metro Census 181900 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$7.34M
Comparable Approach Comparable
$4.13M
Blend (final) Blend
$865k

Owner & transaction history

since 2019
Last sale
$7.4M
3 recorded transactions
2019
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

GFHD · Paterson, NJ
Zoning description

L. GFHD Great Fall Historic District: The intent of the GFHD Great Falls Historic District is to safeguard the heritage and history of the City of Paterson by preserving the cultural, social, economic, and architectural…

General category SPECIAL
Top alternative use upside
Office building $7.7M +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
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