Properties

Description

Exceptional High-Yield Multifamily Opportunity Less Than 20 Miles from Times Square. Located in a high-demand commuter corridor in Paterson, NJ, is this robust 6 residential-unit income property. Built for operational efficiency and low vacancy, this two-story building features an ideal, uniform asset mix of six spacious 2-bedroom, 1-bath units.Capital expenditure and risk are heavily mitigated by having three units which have already been recently renovated with modern finishes. Which will command top-of-the market rents and secure premium, long-term tenants. A shared driveway leads to approximately 5 private, off-street parking spaces a massive tenant draw that minimizes turnover in this dense urban market. Additionally, the property is equipped with an advanced 22-camera security system, delivering unparalleled remote operational oversight, liability protection, and enhanced tenant safety. Whether expanding a portfolio or executing a 1031 exchange, this asset delivers immediate cash flow, ease of management, and long-term equity growth in a resilient, transit-oriented market. Turnkey infrastructure with strong fundamentals schedule your acquisition tour today.

Features

  • Heating System : Baseboard - Electric
  • Cooling System : Window A/c(s)
  • Basement : Full, Storage
  • Roof Deck : Asphalt Shingle, See Remarks
  • Tax Assessed Valuation: 836400
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Electric, Gas-Natural

Additional Info

  • Office Name: COREY J SCHNEIDER
  • Office MLS ID: 3400
  • Agent ID: 306325
  • Tax: 22636
  • Tax Year: 2025
  • Application Fee: $0
  • Zoning: Multi-family

Commercial For Sale

For Sale
$1,090,000

106 N 8Th St, Paterson City, *

  • SQFT 50 Acre
  • Built Year 1954

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5419421
  • Price: $1,090,000
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1954
  • Year Built Description: Approximate
  • Lot Area: 50 Acre
  • Status: Active
  • Days On Market: 132

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Passaic
  • City Paterson City
  • Zipcode *
  • Street: N 8Th St
  • Street Number: 106
  • Street Direction: From W Broadway to Belmont Ave, to N 8th St. 106-1
  • Floor Number: 0
  • Longitude: W75° 49' 18.3''
  • Latitude: N40° 55' 43.7''
  • Internet Display Address: No
Property