Essex Passaic Neighborhood Mixed Use 2 Multifamily Properties Offered at $3,550,000 in Multiple Locations

The Essex Passaic Neighborhood Mixed Use Residences comprises two multifamily properties totaling 16 residential units, complemented by two retail spaces. Featuring layouts from one to four bedrooms, the portfolio’s balanced mix appeals to a wide tenant base ranging from single professionals to larger households, while the retail component enhances income diversity. Current occupancy trends, combined with the varied unit composition, support consistent cash flow, while operational efficiencies and targeted capital improvements present clear opportunities for long-term value creation. This combination of residential scale and retail stability provides investors with both immediate income security and a platform for future growth.
Strategically positioned in Paterson and Newark, two of New Jersey’s most dynamic submarkets, the portfolio benefits from strong transit connectivity and proximity to New York City. Paterson Rail Station offers direct service to Manhattan, while Newark Penn Station and Broad Street Station connect commuters to Midtown and Lower Manhattan in under 30 minutes. Regional access via I-80, the Garden State Parkway, and the NJ Turnpike links residents to Newark Liberty International Airport. Nearby cultural landmarks, expansive parks, and major employers including Prudential Financial, PSEG, St. Joseph’s University Medical Center, and Rutgers University–Newark reinforce durable tenant demand. This blend of location, mobility, and economic anchors positions the Essex Passaic Neighborhood Mixed Use Residences as a compelling investment within the New York metropolitan area.
For additional information, please visit: https://essexpassaic.hudsonatlantic.com