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$ 4,250,000
Est. payment /mo
Active
199 W Broadway Paterson, NJ 07522
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Municipality Paterson (PAT)
Subdivision Dakota Park
MLS Listing ID 22603029
Annual Tax Amount $4,590
Tax Year 2024
Property Sub-Type Multi Family
Source MOREMLS (Monmouth Ocean Regional REALTORS®)
Property Description
Newly constructed, fully rented mixed-use investment opportunity offering immediate cash flow and long-term upside. This modern building features 12 residential units, including 3 one-bedroom/one-bath apartments and 9 two-bedroom/two-bath apartments, plus 1 ground-level retail space, all currently leased. Each residential unit offers separate heating and cooling systems along with in-unit washer/dryers. Private on-site parking adds strong tenant appeal and long-term value. In addition to the immediate cash flow, the property benefits from time remaining on a 20-year tax abatement. A well-maintained, fully stabilized investment property offering immediate income with the benefit of long-term tax advantages.
Location
State NJ
County Passaic
Area None
Building/Complex Name Dakota Park
Direction Main Street to West Broadway. Park in lot adjacent to bldg.
Interior
Heating Forced Air
Cooling Central Air
Flooring Tile, Wood
Exterior
Exterior Feature Lighting
Parking Features On Site
Roof Type Flat
Private Pool No
Building
Sewer Public Sewer
Water Public
Structure Type Lighting
New Construction No
Others
Senior Community No
Tax ID 2508-00608-12
Listed by Haven Realty LLC
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