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$ 3,950,000
Est. payment /mo
Price Dropped by $300K
199 W Broadway Paterson City, NJ 07522
4,791 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4008031
Year Built 2022
Annual Tax Amount $4,590
Tax Year 2024
Lot Size 4,791 Sqft
Property Sub-Type Mixed Use
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
Zoning Redevelopment
Rooms
Basement Partial
Interior
Heating Gas-Natural
Cooling 4+ Units, Central Air
Equipment Appliances, Security System
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Utilities Available Gas-Natural
Roof Type Flat, Rubberized
Building
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Listed by HAVEN REALTY