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63 Broadway 8,520 SF 50% Leased Retail Building Paterson, NJ 07505 $1,398,000 ($164.08/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Mixed used building
- Close to Broadway Bus Terminal
- Lots of foot traffic
- Located in the heart of Downtown
- Fully occupied
- Only 30 mins from NYC
EXECUTIVE SUMMARY
Rare find mixed use building with 3 store fronts on street level and 3 2BRs apartments on 2nd floor. Located in the busy downtown area with bus terminal, buses, Jitney to NYC and many different directions in NJ. Only 30 mins drive to NYC via Rt.80. Total annual rent income is $180,000 with net income of $118,860 giving 8.5% return. Request for more details today.
FINANCIAL SUMMARY (ACTUAL - 2025) 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 |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) 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 | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,520 SF
Building Class
C
Year Built
1983
Price
$1,398,000
Price Per SF
$164.08
Cap Rate
8.50%
NOI
$118,830
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.78
Lot Size
0.11 AC
Opportunity Zone
Yes
Zoning
B-4 - Business
AMENITIES
- Restaurant
- Signage
Walk Score®
Walker's Paradise (99)
NEARBY MAJOR RETAILERS
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63 Broadway
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