Listed by Sothebys International Realty
$3,500,000
231 MARKET STREET, PATERSON
Details
Property Type Mixed Use, Retail
Sub Type Storefront
Square Footage 9,200
Cap Rate 5.27%
NOI $184,600
Price per SqFt $380
Class C
Year Built 1900
Acreage 0.080
Zoning B-4
Mixed Use | 5.27% CAP | 9,200 SqFt
Marketing description
Fully stabilized mixed-use property.
Turnkey income producer, ideal for 1031 exchange investors.
Low maintenance and steady cash flow.
Investment highlights
Prime downtown Paterson location surrounded by retail, offices, and public institutions
4-story mixed-use building totaling approximately 9,200 SF
Ground floor retail with upper-level office or residential potential
High visibility and strong pedestrian and vehicle traffic on Market Street
Minutes from Paterson City Hall, Courthouse, and NJ Transit Station
Ideal for owner-user or investor seeking stable income and long-term appreciation
Listing Contacts
Listed by Sothebys International Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$184,600.00
$15,383.33/mo
Valuation Metrics
0
DSCR
5.27%
Cap Rate
5.27%
ROI
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Tax History
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