Listing Details

199 W Broadway,Paterson City, NJ 07522-1583

  • February 3, 2026

Description

Newly constructed, fully rented mixed-use investment opportunity offering immediate cash flow and long-term upside. This modern building features 12 residential units, including 3 one-bedroom/one-bath apartments and 9 two-bedroom/two-bath apartments, plus 1 ground-level retail space, all currently leased. Each residential unit offers separate heating and cooling systems along with in-unit washer/dryers. Private on-site parking adds strong tenant appeal and long-term value. In addition to the immediate cash flow, the property benefits from time remaining on a 20-year tax abatement. A well-maintained, fully stabilized investment property offering immediate income with the benefit of long-term tax advantages.

Details

Last Updated On: February 3rd, 2026 at 5:42 pm
Property ID:PT-27013813-AXZR
Offer Type:For Sale
Property Type:Apartment Complex
Price: 4,250,000 $
Year Built:2022

Additional Details

Listing Details

Status: Active

Location

County: Passaic
Lotsize: 50X100
Property Type: Apartment Complex, Mixed Use, Office/Retail
Lot Identifier: 12

Home Details

Location: Business District, Residential Area
Acreage: 0.11
Sale Includes: Building & Land
Construction: Wood
Exterior Description: Vinyl Siding
Roof Description: Flat, Rubberized
Number of Stories: 3
Number of Units: 13
Number of Lavatories: 22
Parking Desc: Parking Lot-Exclusive
Easement/Desc: No
Basmnt/Desc: Yes - Partial
Tenant Pays: Electric, Gas, Heat, Hot Water
Owner Pays: Sewer, Water
YB/Desc: 2022 - Approximate
Block Identifier: 608
County Number: 25
Town Number: 2508
Possession: at closing

Taxes, Fees & Assessments

For Sale Or Lease: For Sale
Documents Available: Building Plans, Income & Expenses
Ownership: Fee Simple
Tax ID For Property: 2508-00608-0000-00012-0000-
Tax Amount: $4,590.00
Tax Year: 2024
Tax Rate: 5.095%
Tax Rate Year: 2025
Land Assessment: $81,400.00
Building Assessment: $8,700.00
Total Assessment: $90,100.00

Utilities

Equipment Available: Appliances, Security System
Heat Source: Gas-Natural
Heat System: 4+ Units, Forced Hot Air
Cool System: 4+ Units, Central Air
Water: Public Water
Sewer: Public Sewer
Utilities: Gas-Natural

Other

Zoning: Redevelopment

Statistics

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