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SCHOOL 137 Ellison St 28,524 SF Office Building Paterson, NJ 07505 $3,500,000 ($122.70/SF)
Executive Summary
APPROX 9% CASH ON CASH CAP BUILDING! NEED A 1031 EXCHANGE? LOOKING FOR INVESTMENT, OR LOOKING TO RUN YOUR OWN SCHOOL. 28,524 SQFT BUILDING CURRENTLY FULLY RENTED. 15 CLASSROOMS, 2 CAFETERIAS. LOCATED IN THE CENTER OF TOWN NEAR CITY HALL, NEAR PUBLIC SAFETY BUILDING, PASSAIC COUNTY COMMUNITY COLLEGE, PUBLIC PARKING. NEAR MASS TRANSIT, BUS STOP AT CORNER. 1/2 BLOCK FROM TRAIN. CLOSE TO ALL MAJOR HIGHWAYS RT 19,20,3,80,46, & PARKWAY. TENANTS IN PLACE UNTIL 2029 -
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
28,524 SF
Building Class
B
Year Built
1900
Price
$3,500,000
Price Per SF
$122.70
Tenancy
Single
Building Height
4 Stories
Typical Floor Size
7,131 SF
Slab To Slab
10’
Building FAR
2.34
Lot Size
0.28 AC
Opportunity Zone
Yes
Zoning
B-4, Paterson
Exceptionally walkable
100/100
Fairly drivable
50/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 08-04407-0000-00018 | Improvements Assessment | $708,600 |
| Land Assessment | $591,400 | Total Assessment | $1,300,000 |
Property Taxes
Parcel Number
08-04407-0000-00018
Land Assessment
$591,400
Improvements Assessment
$708,600
Total Assessment
$1,300,000
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SCHOOL | 137 Ellison St
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