Listing Details

81 Berkshire Ave,Paterson City, NJ 07502-1812

  • October 29, 2025

Description

Portfolio offering: 81″85 Berkshire Ave, Paterson three adjacent mixed-use buildings sold together. The property combines two ground-floor commercial storefronts with seven apartments above (one-, two- and three-bedroom layouts), delivering diversified income in a neighborhood setting near shopping, bus lines, and major roadways. Buildings are currently occupied with staggered lease expirations, supporting near-term stability. Operations are efficient with primarily tenant-paid utilities; ownership provides cold water. Off-street parking is available via assigned spaces and on-site driveways. Attractive value-add upside exists over time through mark-to-market as leases roll, retail optimization, and potential conversion from 1 commercial unit to a residential . A compelling North Jersey infill asset for long-term hold or 1031 exchange.

Details

Last Updated On: October 29th, 2025 at 3:27 pm
Property ID:PT-7468379-AXZR
Offer Type:For Sale
Property Type:Mixed Use
Price: 2,250,000 $
Year Built:1900

Additional Details

Listing Details

Status: Active

Location

County: Passaic
Lotsize: 71 X 100
Office SqFt: 1800
Property Type: Mixed Use
Lot Identifier: 8

Home Details

Location: Residential Area
Acreage: 0.16
Sale Includes: Building & Land
Construction: Brick/Block
Exterior Description: Brick/Block
Roof Description: Asphalt Shingle
Number of Stories: 3
Number of Units: 9
Number of Lavatories: 7
Available SqFt: 10050
Building SqFt: 10050
Parking Desc: Off-Street Parking
Easement/Desc: Unknown
Tenant Pays: Electric, Gas, Heat, Hot Water
Owner Pays: Water
YB/Desc: 1900 - Approximate
Block Identifier: 1610
County Number: 25
Town Number: 2508
Possession: 0-30

Taxes, Fees & Assessments

For Sale Or Lease: For Sale
Documents Available: Income & Expenses, Survey
Ownership: Fee Simple
Tax ID For Property: 2508-01610-0000-00008-0000-
Tax Amount: $31,272.00
Tax Year: 2024
Tax Rate: 5.095%
Tax Rate Year: 2025
Land Assessment: $95,700.00
Building Assessment: $108,900.00
Total Assessment: $204,600.00

Utilities

Equipment Available: Appliances, Restrooms - Private
Water: Public Water
Sewer: Public Sewer
Utilities: Electric, Gas-Natural

Other

Zoning: comm

Statistics

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