Property
Paterson, NJ 07522 199 W Broadway
$4,250,000
9 more
Presented By: Michael John DeBlasio, Haven Realty LLC
Home Details
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.
Presented By: Michael John DeBlasio, Haven Realty LLC
Interior Features for 199 W Broadway
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringTile, Wood
Heating Y/NYes
Heating-Forced AirTrue
Total Fireplaces
General for 199 W Broadway
Accessibility Features Y/NNone
Additional Parcels Y/NNo
Business TypeRetail, Apartments
Carport Y/NNo
CityPaterson
Construction MaterialsAluminum Siding, Brick Veneer
CoolingCentral Air
CountyPassaic
DirectionsMain Street to West Broadway. Park in lot adjacent to bldg.
ExclusionsNothing
Garage Spaces0.0
Garage Y/NNo
HeatingForced Air
Home Warranty Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
MLS AreaNone
MLS Area MinorPaterson (PAT)
MobileHomeRemainsYNNo
New ConstructionNo
Property SubtypeMulti Family
Property TypeCommercial Sale
Rent Control Y/NNo
RoofFlat
Security FeaturesSecurity System, Fire Alarm
Senior CommunityNone
SewerPublic Sewer
Standard StatusActive
StatusActive
Stories Count3
Subdivision NameDakota Park
Tax Annual Amount4590.0
Tax Assessed Value31500
Tax Year2024
Utilities@Core.PermissionsNone
Water Body Access Y/NNone
Zoning DescriptionMixed
Exterior for 199 W Broadway
Crops Included Y/NNo
Exterior AmenitiesLighting
Horse Y/NNo
Irrigation Water Rights Y/NNo
Parking FeaturesOn Site
SpaNo
Total Parking8.0
Water SourcePublic
Additional Details
Price History
YOLANDA CASSIDY-BOGAN
Associate