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33967382

106-108 N 8th Street, Paterson, NJ 07522

Corey Schneider
Listed by Corey Schneider
$1,090,000
2 days on market
Updated 1 day ago

8th Street Arms

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,008
Units 6
Cap Rate 6.85%
NOI $74,713
Tenancy Multi
Year Built 1930
Buildings 1
Stories 2
Acreage 0.170
Zoning Multi-family
Parking Spaces 5 spaces
Parking Per SqFt 1.25
Investment Type Stabilized
Ceiling Height 9
Ownership Fee Simple

6 Units with Off Street Parking

Marketing description

Exceptional High-Yield Multifamily Opportunity Less Than 20 Miles from Times Square. Located in a high-demand commuter corridor in Paterson, NJ, is this robust 6 residential-unit income property. Built for operational efficiency and low vacancy, this two-story building features an ideal, uniform asset mix of six spacious 2-bedroom, 1-bath units. Capital expenditure and risk are heavily mitigated by having three units which have already been recently renovated with modern finishes. Which will command top-of-the market rents and secure premium, long-term tenants. A shared driveway leads to approximately 5 private, off-street parking spaces a massive tenant draw that minimizes turnover in this dense urban market. Additionally, the property is equipped with an advanced 22-camera security system, delivering unparalleled remote operational oversight, liability protection, and enhanced tenant safety. Whether expanding a portfolio or executing a 1031 exchange, this asset delivers immediate cash flow, ease of management, and long-term equity growth in a resilient, transit-oriented market. Turnkey infrastructure with strong fundamentals schedule your acquisition tour today.

Investment highlights

  • Exceptional High-Yield Multifamily Opportunity Less Than 20 Miles from Times Square
  • Located in a high-demand commuter corridor in Paterson, NJ
  • Built for operational efficiency and low vacancy
  • Ideal, uniform asset mix of five spacious 2-bedroom, 1-bath units & 1-Bedroom, 1-bath unit
  • Three units recently renovated with modern finishes
  • Command top-of-the market rents and secure premium, long-term tenants
  • Approximately 5 private, off-street parking spaces
  • Advanced 22-camera security system
  • Delivers immediate cash flow, ease of management, and long-term equity growth
  • Turnkey infrastructure with strong fundamentals

Listing Contacts

Corey Schneider
Listed by Corey Schneider

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$74,713.00
$6,226.08/mo

Valuation Metrics

0
DSCR
6.85%
Cap Rate
6.85%
ROI

Map

Zoning

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R-2 ResidentialTwo FamilyResidential
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View all 4 uses
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Corey J Schneider
License
7814066
Brokerage
Corey J Schneider
Brokerage Phone
973-472-3909
Title
Broker of Record
Brokerage Address
689 Main Ave., 2nd Flr., Passaic, NJ 07055
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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