Technical
Financial
Distress signals
Property profile

997 Madison Ave Paterson, NJ 07501

OFF-MARKET
Commercial real estate
Property ID
US59-2608399
5,344 SF 0.06 ac lot
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction FRAME
Total area 5,344 SF
Lot 0.06 ac (2,500 SF)
Zoning code B-2
APN 08 08901-0000-00019
UPID US59-2608399

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
  • Restaurant Take-out & Catering

Location

997 Madison Ave Paterson, NJ 07501-3638
Paterson metro Census 182701 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$455k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$395k

Owner & transaction history

since 2022
Last sale
$400,154
4 recorded transactions
2022
$400,154
2005
$500,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B-2 · Paterson, NJ
Zoning description

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…

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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