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119 W Broadway 3,235 SF 100% Leased Flex Building Paterson, NJ 07522 $600,000 ($185.47/SF) 10.21% Cap Rate
Investment Highlights
- Mixed use investment - ground floor could be store or office/ 2 residential rentals on 1st & 2nd floors
- All floors Newly renovated - well maintained
Executive Summary
Amazing Mixed-Use Investment Opportunity in the Heart of Downtown Paterson!This well-maintained mixed-use property offers strong cash flow and an impressive 8% cap rate, making it ideal for both investors and owner-occupants. Ground Floor: Could be a store or office. Second Floor Apartment: Recently updated with a spacious living room, modern kitchen, 2 generously sized bedrooms, and a full bathroom. Third Floor Apartment: Features a large living room, kitchen, 2 bedrooms, a full bathroom, plus a bonus finished attic with an additional full bathroomKey Upgrades: New Roof, Tankless energy-efficient hot water heater ,Baseboard heating Located in a high-traffic area of downtown Paterson, close to transit, shops, and restaurants. This is a rare chance to own a high-yielding, turn-key asset in a growing mark. Some photos are virtually stage.
CALLL LISTING AGENT MARILOU WONG @ 201-303-7146
CALLL LISTING AGENT MARILOU WONG @ 201-303-7146
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Smoke Detector
1 1
Walk Score®
Walker's Paradise (93)
Property Taxes
| Parcel Number | 08-00605-0000-00008 | Improvements Assessment | $240,500 (2025) |
| Land Assessment | $26,400 (2025) | Total Assessment | $266,900 (2025) |
Property Taxes
Parcel Number
08-00605-0000-00008
Land Assessment
$26,400 (2025)
Improvements Assessment
$240,500 (2025)
Total Assessment
$266,900 (2025)
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Photos
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119 W Broadway
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