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197-199 12th Avenue Paterson, NJ $ 3,495,000
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$ 3,495,000 Get more info
197-199 12th Avenue
$ 3,495,000
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New Construction
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197-199 12th Avenue

Paterson, NJ, 07501
$ 3,495,000
Bedrooms-- Baths--

Monthly Estimate*

$ 21,804

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Commercial Property for sale in Paterson, NJ

for $3,495,000.

New Construction! Fully Occupied! All Utilities Separated...including gas, electric, & water! AND A RARE...a 30-Year Tax Abatement!!! Newly constructed Dec 2024, this 10-unit multifamily consists of (4) 2B/1B units + (6) 1B/1B units, complemented with (15) parking spaces. This property is being offered fully occupied , at a strong 6.52% cap rate. All units are finished in a modern aesthetic, with stainless steel appliances, and washer & dryers in every unit. Contact for a fully video walkthrough tough, of the exterior, garage, interior common areas, & units. This is a great income producing, turn key property, with minimal maintenance. Full video tour of each unit available upon request & registration.

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Commercial Active

Price

$ 3,495,000

Property Type

Commercial

Taxes

$ 0

Style

Town/City

Paterson

County/Region

Passaic

MLS | Web ID

25028238
Features
General
Roof Peaked
Rooms None
County PASSAIC
Property Type 5+ Mixed Use
HOA N
Status Active - Active
City Paterson
Taxes 4107
Year Built Details New Const-New Fdn
Lease Considered Y/N N
Standard Status Active
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Interior
Heating Y/N N
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* Excluded Features

Affordability Calculator

$21,804
Per Month
100%
0%
0%
Monthly Principal & Interest
$21,804
Monthly Property Taxes
--
Monthly 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
843640 Elementary School
843641 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/25/2025$3,495,000 -2.78% Price Down
11/17/2025$3,595,000 -2.71% Price Down
8/28/2025$3,695,000 -4.03% Price Down
8/7/2025$3,850,000 Listed Price

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197-199 12th Avenue, Paterson, NJ, 07501 is a Commercial Property for sale at $3,495,000. The property's zip code is 07501 which is in Paterson, NJ

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