200 Summer St Paterson, NJ ^$ 2,299,000

200 Summer St

^$ 2,299,000

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New Construction

200 Summer St

Paterson, NJ, 07501

^$ 2,299,000

Bedrooms-- Baths--

Monthly Estimate*

^$ 14,343

200 Summer St, Paterson, NJ 07501 - Image 1

200 Summer St, Paterson, NJ 07501 - Image 2

200 Summer St, Paterson, NJ 07501 - Image 3

200 Summer St, Paterson, NJ 07501 - Image 4

Commercial Property for sale in Paterson, NJ

for $2,299,000 with 7 half baths. This building was built in 2025 on a lot size of 0.11.

Welcome to a rare opportunity to own a brand-new, fully vacant 7-unit investment property located in a high demand rental market. This modern multifamily building offers immediate income potential with no renovation needed and the added benefit of a long term tax abatement, maximizing your return on investment from day one. Each of the seven units features high end finishes, contemporary layouts, and energy efficient systems designed to appeal to today's renters. With all units currently vacant, investors or owner-occupants can set their own market rents ideal for maximizing cash flow. The property's strong rental income potential makes it a perfect addition to any real estate portfolio.

Commercial Pending

Price

^$ 2,299,000

Half Bath

Property Type

Commercial

Taxes

^$ 12,788

Style

Apartment Complex

Lot Size

0.11

Year Built

2025

Town/City

Paterson

County/Region

Passaic

MLS | Web ID

3973568

Features

General

Sewer Public Sewer

Construction Brick/Block See Remarks Wood

Heating 4+ Units Heat Pump Multi-Zone

Cooling 4+ Units Multi-Zone Cooling See Remarks

Utilities Electric Gas-Natural

Possession upon closing

Roof Asphalt Shingle

Zoning residential

Garage Spaces 6

Year Built 2025

Township Paterson City

Property Type Apartment Complex Apartment Complex

Tax Year 2024

Ownership Fee Simple

Location Residential Area

County Passaic

Status Under Contract

Directions In between Hamilton and 12th Ave

Number Of Units Total 7

Tax Annual Amount 12788

Drive Off-Street Parking Parking Lot-Shared

Leasable Area 0

Standard Status Under Contract

Tax Assessed Value 33800

Town # 2508

Tax Lot 3

Interior

Basement Finished

Flooring Laminate

Fuel Type Gas-Natural

Total Stories 2

Half Baths 7

Exterior

Water Source Public Water

Total Parking 6

Exterior Description Vinyl Siding

Building Area Total 0

Lot Dimensions 50X100

Lot Size Acres 0.11

* Excluded Features

List By

Zaida Sarden

Listing Agent

Weichert Realtors

Broker

Clifton

Office

Affordability Calculator

$15,408

Per Month

Monthly Principal & Interest: $14,343
Monthly Property Taxes: $1,066
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Paterson, NJ

Average List Price ^$1,481,324

Percent of Sale Price 36%

About Paterson, NJ

148,635 Population

0% Since 2002

^$36,191 Median Income

34.64 Median Age

37% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

291163 Elementary School

291353 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/15/2025	$2,299,000	-4.17%	Price Down
7/29/2025	$2,399,000	-1.51%	Price Down
7/8/2025	$2,435,900		Listed Price

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200 Summer St, Paterson, NJ, 07501 is a Commercial Property for sale at $2,299,000 with a lot size of 0.11. 200 Summer St was built in 2025. The property's zip code is 07501 which is in Paterson, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

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200 Summer St

Commercial Property for sale in Paterson, NJ

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