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581 E 18th St 2,300 SF Retail Building Paterson, NJ 07514 $680,000 ($295.65/SF) 10.06% Cap Rate
EXECUTIVE SUMMARY
Discover the rebuilt mixed-use property with zoning B-2. This building features three fully occupied units and underwent extensive renovations in 2022, including a new roof, new masonry, and a finished basement. It boasts 3 gas meters, 4 electric meters, and 2 water meters, ensuring seamless utility management. The ground floor houses a smoke shop, while the second floor offers a 3-bedroom apartment. The third floor features a cozy 2-bedroom apartment. Located just three blocks from the Broadway Express Bus to Midtown NYC, this property offers unparalleled convenience for commuters. Don't miss out on this exceptional investment opportunity in a prime location.
Agent Remarks: Any showing need to accompany with listing agents. Contact co-listing agent Tony- 914 9121 727 schedule appointments. Offers will be sent to email of both agents stu@nernm.com & aphan@nernm.com
Agent Remarks: Any showing need to accompany with listing agents. Contact co-listing agent Tony- 914 9121 727 schedule appointments. Offers will be sent to email of both agents stu@nernm.com & aphan@nernm.com
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,300 SF
Building Class
C
Year Built/Renovated
1978/2022
Price
$680,000
Price Per SF
$295.65
Cap Rate
10.06%
NOI
$68,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.89
Lot Size
0.06 AC
Zoning
B-2 - Zoning B-2 suitable for most of business
Parking
6 Spaces (2.61 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (88)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 08-03421-0000-00026 | Improvements Assessment | $68,300 |
| Land Assessment | $54,400 | Total Assessment | $122,700 |
PROPERTY TAXES
Parcel Number
08-03421-0000-00026
Land Assessment
$54,400
Improvements Assessment
$68,300
Total Assessment
$122,700
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Northeast Realty & Mangement
581 E 18th St
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