21 W Broadway

Paterson City, NJ
$ 449,900 Beds 0 Baths 0 Sq 6,000
Monthly Estimate* How much can I afford?

Attention all investors or owner occupants great opportunity you do not want to pass up. Two unit commercial building located in downtown Paterson aggressively priced for a quick sale! The downstairs unit is currently leased as a bar paying 3300 per month. The upstairs unit is currently vacant but was previously a beauty salon and prior to that a dentist office. Going rent for upstairs unit is approx 2500-3000 per month. This building has a potential cap rate of over 10% which is very rare in the current market, perfect for an investor looking for a high ROI! Or purchaser can lease downstairs collect income and keep upstairs for themselves! Dont miss out on this opportunity!

Commercial

  • Price
  • $ 449,900
  • Lot Size
  • 2,614 SqFt
  • Bedrooms
  • 0
  • Sqr Footage
  • 6,000
  • Full Bathrooms
  • 0
  • Year Built
  • 1920
  • Half Bathrooms
  • 4
  • City, Zip
  • Paterson City
  • Taxes
  • $ 16587
  • County
  • PASSAIC
  • Style
  • OffcRetl
  • Area
  • Paterson City
  • MLS#
  • 3698103
  • Zip
  • 07505
Listing Provided by: LEOPIZZI REAL ESTATE AGENCY
Data Source: Garden State MLS (GSMLS) - 38 - NJ

Features

General

Basement Full
Building # 21
Construction Brick/Block, Formed Concrete
Cooling 2 Units
Drive On-Street Parking
Flooring Carpeting, Concrete, See Remarks
Heating 2 Units
Prior Use Commercial
Property Type Free Standing Office, Office/Retail
Property Type OffcRetl
Roof Flat
Sewer Public Sewer
Tax Annual Amount 16587
Total Units 2
Town # 2508
Township Paterson City
Utilities Electric, Gas-Natural
Zoning B4

Interior Features

Fuel Type Gas-Natural

Exterior Features

Building Area Total 6000
Exterior Description Brick/Block
Lot Dimensions 27.62 X 103
Lot Features Level Lot
Water Source Public Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Basking Ridge, NJ office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

3/16/2021 Listed $474,999
5/11/2021 6% - $449,900

Property vs Zip Code Average in 07505

Price
AVG $260K
$450K
Taxes
AVG $25,274
$16,587
Visits
AVG 154
232
Year Built
AVG 1916
1920
Walkscore
AVG 97
96
Data Provided by Walkscore ® not using MLS data

Map

21 W Broadway Paterson City, NJ is a Single Family Home for sale at $449900 with 6000 sqft and a lot size of 2,614 SqFt Acre(s). 21 W Broadway Paterson City has 0 bedrooms, 0 baths and was built in 1920. The property's zip code is 07505 which is in Paterson City, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.