Properties

Description

Location, Location, Location! Exceptional investment opportunity on a highly visible corner lot at Park Avenue and East 33rd Street. This mixed-use property features two spacious residential units, each offering 5 bedrooms and 1 full bath, providing tremendous rental income potential. The first floor consists of a large vacant commercial space that previously operated as a laundromat, offering endless possibilities for redevelopment, owner occupancy, or potential business use. Buyers are encouraged to perform their own due diligence regarding permitted uses and any prior grandfathered approvals.The entire property is delivered vacant, making it ideal for investors, business owners, or owner-occupants seeking flexibility and value-add potential.Conveniently located near schools, parks, shopping, public transportation, and major highways. A rare opportunity to acquire a prominent corner property with substantial upside in one of Paterson's most desirable locations. Property being sold strictly as-is.

Features

  • Heating System : 2 Units
  • Basement : Unfinished
  • Roof Deck : Composition Shingle
  • Parking Description: On-Street Parking
  • Interior Features: Smoke Detector
  • Exterior Features: Sidewalk
  • Lot Description: Corner, Level Lot
  • Tax Assessed Valuation: 687000
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: All Underground, Gas In Street

Additional Info

  • Office Name: REALTY EMPIRE, LLC
  • Office MLS ID: 4710
  • Agent ID: 304828
  • Tax: 4972
  • Tax Year: 2025
  • Application Fee: $0

Multi-Family For Sale

For Sale
$799,000

523 Park Ave, Paterson City, *

  • SQFT 25 Acre
  • Bedroom 10
  • Built Year 1940

Details

  • Property Type: Multi-Family
  • Listing Type: For Sale
  • Listing ID: 5440494
  • Price: $799,000
  • Bedrooms: 10
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1940
  • Year Built Description: Approximate
  • Lot Area: 25 Acre
  • Status: Active
  • Days On Market: 9

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Passaic
  • City Paterson City
  • Zipcode *
  • Street: Park Ave
  • Street Number: 523
  • Street Direction: East 33rd St. to Park Ave
  • Floor Number: 0
  • Longitude: W75° 51' 25.7''
  • Latitude: N40° 54' 48.3''
  • Internet Display Address: No
Property