81-85 Berkshire Ave new Save Request In-Person Tour Request Virtual Tour
Paterson City,NJ 07502
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 10,050 sqft
Price per Sqft $223
MLS Listing ID 3995236
Year Built 1900
Annual Tax Amount $31,272
Tax Year 2024
Lot Size 6,969 Sqft
Property Sub-Type Mixed Use
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
Zoning comm
Interior
Heating See Remarks
Cooling See Remarks
Equipment Appliances, Restrooms - Private, See Remarks
Heat Source See Remarks
Exterior
Exterior Feature Brick/Block
Utilities Available Electric, Gas-Natural
Roof Type Asphalt Shingle
Building
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple