Property

Paterson City, NJ 07522 191 W Broadway

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Presented By: NICHOLAS REAL ESTATE AGENCY; 973-340-1202
  • MLS# 3947418
  • 02/24/2025
  • Request Tour
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  • Full/Half Baths • 0 / 6

Home Details

New construction all units have central air and washer and dryer. 30 year tax abatement. Income and expense shows 7%+ CAP. Great investment opportunity, perfect building for a 1031 Exchange.
Presented By: NICHOLAS REAL ESTATE AGENCY; 973-340-1202

Interior Features for 191 W Broadway

Bedrooms

Num 4 Bed Units

Bathrooms

Num Units w/Full Bath6
Num Units w/Half Bath
Half Baths6

Other Interior Features

Price Per Sq Ft342.00
Available Sq Ft0
Num 3 Bdrm Units3
Num 2 Bdrm Units3
Num 1 Bdrm Units
Fuel TypeGas-Natural
Total Stories3

General for 191 W Broadway

Cap Rate7.90
ConstructionSee Remarks
Cooling4+ Units, Central Air
CountyPassaic
DirectionsBelmont Ave or Union Ave to West Broadway
Documents AvailableIncome & Expenses
DriveOn-Street Parking
EasementUnknown
Equipment AvailableFire Alarm, Intercom
Gross Income155400
Heating4+ Units, Forced Hot Air
Leasable Area
LocationFreestanding
Net Operating Income142200
Num Apts6
Number Of Units Total6
Operating Expense13200
OwnershipFee Simple
Possession0-30
Property TypeApartment Complex
Property TypeApartment Complex
RoofFlat
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount1304
Tax Assessed Value25600
Tax Lot15
Tax Year2024
Town #2508
TownshipPaterson City
UtilitiesElectric, Gas-Natural
Utilities Paid ByTenant
Year Built2024
ZoningCom-res

Exterior for 191 W Broadway

Building Area Total5250
Exterior DescriptionVinyl Siding
Lot Dimensions28 X 85
Lot Size Acres0.05
Max Ceiling Height0
Max Door Height0
Number of Bays0
Number of Docks0
Water SourcePublic Water

Additional Details

Price History

Jenniffer Bravo Llerena

Associate
Price $1,800,000
MLS#3947418
List Date 02/24/2025
Property Type Commercial
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