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$ 2,250,000
Est. payment | /mo
7 Baths
$ 2,250,000
Est. payment | /mo
7 Baths
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250022328
Full Baths 7
Annual Tax Amount $31,272
Lot Dimensions 71X100
Property Sub-Type Investment
Property Description
Portfolio offering: 81–85 Berkshire Ave, Paterson—three adjacent mixed-use buildings sold together. The property combines two ground-floor commercial storefronts with seven apartments above (one-, two- and three-bedroom layouts), delivering diversified income in a neighborhood setting near shopping, bus lines, and major roadways. Buildings are currently occupied with staggered lease expirations, supporting near-term stability. Operations are efficient with primarily tenant-paid utilities; ownership provides cold water. Off-street parking is available via assigned spaces and on-site driveways. Attractive value-add upside exists over time through mark-to-market as leases roll, retail optimization, and potential conversion from 1 commercial unit to a residential . A compelling North Jersey infill asset for long-term hold or 1031 exchange.
Location
State NJ
County Passaic
Area Paterson
Listed by REAL
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