Property
Paterson City, NJ 07522 119 W Broadway
$725,000
15 more
Presented By: C-21 GEMINI, LLC.; 973-744-2700
Full/Half Baths • 0 / 4
Home Details
Amazing Mixed-Use Investment Opportunity in the Heart of Downtown Paterson!This well-maintained mixed-use property offers strong cash flow and an impressive 8% cap rate, making it ideal for both investors and owner-occupants. Ground Floor: Fully operational bar/liquor store, generating steady commercial income. First Floor Apartment: Recently updated with a spacious living room, modern kitchen, 2 generously sized bedrooms, and a full bathroom Second Floor Apartment: Features a large living room, kitchen, 2 bedrooms, a full bathroom, plus a bonus finished attic with an additional full bathroomKey Upgrades: New Roof, Tankless energy-efficient hot water heater ,Baseboard heating Located in a high-traffic area of downtown Paterson, close to transit, shops, and restaurants. This is a rare chance to own a high-yielding, turn-key asset in a growing market
Presented By: C-21 GEMINI, LLC.; 973-744-2700
Interior Features for 119 W Broadway
Bathrooms
Half Baths4
Other Interior Features
Price Per Sq Ft0.00
Available Sq Ft0
Num 2 Bdrm Units3
Num 1 Bdrm Units2
BasementBilco-Style Door, Unfinished
FlooringTile, Vinyl-Linoleum, Wood
Fuel TypeGas-Natural
Total Stories3
General for 119 W Broadway
Cap Rate8.00
ConstructionBrick/Block
CoolingNo Cool
CountyPassaic
DirectionsNJ 19 to Cianci to W Broadway
Documents AvailableIncome & Expenses, Leases
DriveNone
EasementNo
Equipment AvailableKitchen Area
Garage Spaces
Gross Income90600
Heating2 Units, Baseboard - Hotwater
Leasable Area
Lease IncludesSewer, Taxes, Water
Lease InformationMonth-To-Month
Lease TypeGross
LocationBusiness District
Net Operating Income61240
Num Apts2
Number Of Units Total3
Operating Expense29360
OwnerPaysSewer, Water
OwnershipFee Simple
Possession0-30
Property TypeMixed Use
Property TypeMixedUse
RoofFlat
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount13598
Tax Assessed Value266900
Tax Lot8
Tax Year2024
Tenant PaysElectric, Heat, Hot Water, Maintenance-Common Area, Maintenance-Lawn, Snow Removal
Town #2508
TownshipPaterson City
UtilitiesGas In Street
Year Built9999
ZoningCommercial
Exterior for 119 W Broadway
Building Area Total3235
Exterior DescriptionVinyl Siding
Lot Dimensions23X74
Lot FeaturesLevel Lot
Lot Size Acres0.04
Max Ceiling Height9
Max Door Height0
Number of Bays0
Number of Docks0
Total Parking0
Water SourcePublic Water
Additional Details
Price History
William Hernandez
Associate