Property

Paterson City, NJ 07505 59-63 Broadway

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Presented By: EXP REALTY, LLC; 201-661-0369
  • MLS# 3923116
  • 09/09/2024
  • Request Tour
  • Request Info
  • Full/Half Baths • 0 / 3
  • SQFT • 8,520

Home Details

Introducing a remarkable investment opportunity: a six-unit brick building located in a bustling area of Paterson Street. This well-maintained property features three commercial units on the first floor, two of which are currently leased to established businesses a popular Chinese restaurant and a delightful coffee shop ensuring consistent rental income. The Chinese restaurant benefits from access to a spacious basement, adding to its operational capabilities.On the second floor, you'll find three residential units, each thoughtfully designed with two rooms and a full bathroom, providing comfortable living spaces. The current tenants are all related to the seller, presenting a unique opportunity for potential buyers to consider a strategic rental plan moving forward.This mixed-use property is strictly sold as-is and represents a rare find in a high-traffic location. With strong existing tenants and the potential for added value, this building stands as a prime investment with great possibilities. Don't miss out on this chance to own a versatile property in a thriving neighborhood!
Presented By: EXP REALTY, LLC; 201-661-0369

Interior Features for 59-63 Broadway

Bathrooms

Num Units w/Full Bath3
Half Baths3

Other Interior Features

Price Per Sq Ft163.70
Available Sq Ft8520
Num 2 Bdrm Units3
BasementStorage, Unfinished, Walkout
Fuel TypeGas-Natural
Total Stories2

General for 59-63 Broadway

ConstructionBrick/Block
CoolingWindow A/C(s)
CountyPassaic
DirectionsGoogle Map, off Main St
Documents AvailableIncome & Expenses, Leases, Pro Forma, Survey
DriveNone, Off-Street Parking
EasementUnknown
Equipment AvailableSee Remarks
Farm AssessmentNo
Garage Spaces
HeatingSee Remarks
Leasable Area
LocationBusiness District
Num Apts3
Number Of Units Total6
OwnershipFee Simple
Permitted UseCommercial
PossessionImmediate
Property TypeMixed Use
Property TypeMixedUse
RoofFlat
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount47068
Tax Assessed Value960000
Tax Lot15
Tax Year2023
Town #2508
TownshipPaterson City
UtilitiesGas-Natural
ZoningB-4

Exterior for 59-63 Broadway

Building Area Total8520
Exterior DescriptionBrick/Block
Lot Dimensions61X100 IRR.
Max Ceiling Height9
Max Door Height0
Number of Bays0
Number of Docks0
Water SourcePublic Water

Additional Details

Price History

Charles Torres

Owner
Price $1,395,000
MLS#3923116
List Date 09/09/2024
Property Type Commercial
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