Property
Paterson City, NJ 07505 59 Broadway
$1,398,000
11 more
Presented By: C-21 CEDARCREST REALTY; 973-228-1050
Full/Half Baths • 0 / 6
Full/Half Baths • 0 / 6Home Details
Rare find mixed use building with 3 store fronts on street level and 3 2BRs apartments on 2nd floor. Located in the busy downtown area with bus terminal, buses, Jitney to NYC and many different directions in NJ. Only 30 mins drive to NYC via Rt.80. Total annual rent income is $180,000 with net income of $118,860 giving 8.5% return. Request for more details today.
Presented By: C-21 CEDARCREST REALTY; 973-228-1050
Interior Features for 59 Broadway
Bathrooms
Num Units w/Full Bath3
Half Baths6
Other Interior Features
Price Per Sq Ft164.00
Available Sq Ft0
Num 2 Bdrm Units3
BasementFrench Drain, Full, Unfinished
FlooringLaminate
Fuel TypeElectric, Gas-Natural
Total Stories2
General for 59 Broadway
Cap Rate8.50
ConstructionBrick/Block
Cooling3 Units, Central Air, Window A/C(s)
CountyPassaic
DirectionsBroadway between Washington St and Main St.
Documents AvailableIncome & Expenses, Leases, Pro Forma, Survey
DriveOn-Street Parking
EasementUnknown
Equipment AvailableExhaust System, Sign - Building, Smoke Detector
Farm AssessmentNo
Garage Spaces
Gross Income180000
Heating4+ Units, Forced Hot Air
Leasable Area
Lease Information5 Or More Years
Lease TypeGross
LocationBusiness District, Freestanding, Residential Area
Net Operating Income118860
Num Apts3
Number Of Units Total6
Operating Expense61139
OwnerPaysNo Utilities, Sewer, Water
OwnershipFee Simple
Permitted UseAll type of businesses
Possession30 days
Property TypeMixed Use, Store With Apartment
Property TypeStore With Apartment
RoofFlat
ServicesGarbage Extra Charge
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameDowntown
Tax Annual Amount48912
Tax Assessed Value960000
Tax Lot15
Tax Year2024
Tenant PaysElectric, Gas, Heat, Hot Water, Sewer, Water
Town #2508
TownshipPaterson City
UtilitiesElectric, Gas-Natural
Utilities Paid ByTenant
Year Built1983
ZoningB-4
Exterior for 59 Broadway
Building Area Total8520
Exterior DescriptionBrick/Block
Lot Dimensions61X100 IRR.
Lot FeaturesLevel Lot
Lot Size Acres999999.00
Max Ceiling Height10
Max Door Height10
Number of Bays0
Number of Docks0
Water SourcePublic Water
Additional Details
Price History
YOLANDA CASSIDY-BOGAN
Associate