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39 E 39th St - River Plaza 6,300 SF Office/Medical Condo Unit Offered at $995,000 in Paterson, NJ 07514
Investment Highlights
- Direct access from Route 20 and proximity to I-80 and Route 46.
- Exterior maintenance managed through the condominium association.
Executive Summary
Medical/office condominium located at 39 East 39th Street in Paterson, New Jersey. The property contains approximately 6,300 square feet and is situated on the ground floor of the Empress House Condominiums building, which contains 152 residential units. Amenities include on-site parking, street parking availability, condominium-managed exterior maintenance, and an outdoor recreational/lunch area. The property has direct access from Route 20 and is located within approximately 0.5 miles of Interstate 80 and Route 46.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | No. Parking Spaces | 14 |
| Cap Rate | 8.00% |
| Sale Type | Investment or Owner User |
| Cap Rate | 8.00% |
| No. Parking Spaces | 14 |
Description
This modern medical office condo is located on the ground floor of the Empress House Condominiums, a high-rise tower featuring 152 residential units. Positioned in an ideal location, the property offers direct access from Route 20 and is within 0.5 miles of I-80 and Route 46, ensuring easy accessibility for both patients and healthcare professionals.
The condo is strategically situated adjacent to Kent Plaza (240 units) and Park East Terrace (392 units), two major residential complexes, creating a strong local community presence. The area boasts a population of over 145,523 residents within a 2-mile radius, with a median household income of approximately $70,000, making it an attractive area for both healthcare services and businesses. Furthermore, the property benefits from high visibility, with over 20,573 vehicles passing daily along Route 20/McLean Boulevard.
The condo is strategically situated adjacent to Kent Plaza (240 units) and Park East Terrace (392 units), two major residential complexes, creating a strong local community presence. The area boasts a population of over 145,523 residents within a 2-mile radius, with a median household income of approximately $70,000, making it an attractive area for both healthcare services and businesses. Furthermore, the property benefits from high visibility, with over 20,573 vehicles passing daily along Route 20/McLean Boulevard.
Sale Notes
This modern medical office condo is located on the ground floor of the Empress House Condominiums, a high-rise tower featuring 152 residential units. Positioned in an ideal location, the property offers direct access from Route 20 and is within 0.5 miles of I-80 and Route 46, ensuring easy accessibility for both patients and healthcare professionals.
The condo is strategically situated adjacent to Kent Plaza (240 units) and Park East Terrace (392 units), two major residential complexes, creating a strong local community presence. The area boasts a population of over 145,523 residents within a 2-mile radius, with a median household income of approximately $70,000, making it an attractive area for both healthcare services and businesses. Furthermore, the property benefits from high visibility, with over 20,573 vehicles passing daily along Route 20/McLean Boulevard.
The condo is strategically situated adjacent to Kent Plaza (240 units) and Park East Terrace (392 units), two major residential complexes, creating a strong local community presence. The area boasts a population of over 145,523 residents within a 2-mile radius, with a median household income of approximately $70,000, making it an attractive area for both healthcare services and businesses. Furthermore, the property benefits from high visibility, with over 20,573 vehicles passing daily along Route 20/McLean Boulevard.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 2 | 6,300 SF | Office/Medical | $995,000 ($157.94/SF) | $79,600 |
Unit 2
| Unit Size |
| 6,300 SF |
| Condo Use |
| Office/Medical |
| Price |
| $995,000 ($157.94/SF) |
| NOI |
| $79,600 |
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Unit 2
| Unit Size | 6,300 SF |
| Condo Use | Office/Medical |
| Price | $995,000 ($157.94/SF) |
| NOI | $79,600 |
| Sale Type | Investment or Owner User |
| Cap Rate | 8.00% |
| No. Parking Spaces | 14 |
| Description | |
| This modern medical office condo is located on the ground floor of the Empress House Condominiums, a high-rise tower featuring 152 residential units. Positioned in an ideal location, the property offers direct access from Route 20 and is within 0.5 miles of I-80 and Route 46, ensuring easy accessibility for both patients and healthcare professionals.<br> <br> The condo is strategically situated adjacent to Kent Plaza (240 units) and Park East Terrace (392 units), two major residential complexes, creating a strong local community presence. The area boasts a population of over 145,523 residents within a 2-mile radius, with a median household income of approximately $70,000, making it an attractive area for both healthcare services and businesses. Furthermore, the property benefits from high visibility, with over 20,573 vehicles passing daily along Route 20/McLean Boulevard.</li></ul> | |
| Sale Notes | |
| This modern medical office condo is located on the ground floor of the Empress House Condominiums, a high-rise tower featuring 152 residential units. Positioned in an ideal location, the property offers direct access from Route 20 and is within 0.5 miles of I-80 and Route 46, ensuring easy accessibility for both patients and healthcare professionals.<br> <br> The condo is strategically situated adjacent to Kent Plaza (240 units) and Park East Terrace (392 units), two major residential complexes, creating a strong local community presence. The area boasts a population of over 145,523 residents within a 2-mile radius, with a median household income of approximately $70,000, making it an attractive area for both healthcare services and businesses. Furthermore, the property benefits from high visibility, with over 20,573 vehicles passing daily along Route 20/McLean Boulevard.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 130,416 SF | Typical Floor Size | 19,707 SF |
| Property Type | Multifamily (Condo) | Year Built | 1960 |
| Property Subtype | Apartment | Lot Size | 0.02 AC |
| Building Class | C | Parking Ratio | 0.13/1,000 SF |
| Floors | 8 | Opportunity Zone |
Yes
|
| Total Building Size | 130,416 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 8 |
| Typical Floor Size | 19,707 SF |
| Year Built | 1960 |
| Lot Size | 0.02 AC |
| Parking Ratio | 0.13/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
Site Amenities
- Laundry Facilities
- Pool
- Doorman
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 152 | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
40/100
Somewhat bikeable
30/100
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39 E 39th St - River Plaza
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