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59 Broadway Paterson, NJ $ 1,398,000
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$ 1,398,000 Get more info
59 Broadway
$ 1,398,000
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59 Broadway

Paterson, NJ, 07505
$ 1,398,000
Bedrooms-- Baths--
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Property for Rent in Paterson, NJ

for $1,398,000 with 6 half baths. This property was built in 1983 on a lot size of 999999.

Rare find mixed use building with 3 store fronts on street level and 3 2BRs apartments on 2nd floor. Located in the busy downtown area with bus terminal, buses, Jitney to NYC and many different directions in NJ. Only 30 mins drive to NYC via Rt.80. Total annual rent income is $180,000 with net income of $118,860 giving 8.5% return. Request for more details today.

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Rental Active

Price

$ 1,398,000

Half Bath

6

Taxes

$ 48,912

Style

Store With Apartment

Lot Size

999999

Year Built

1983

Town/City

Paterson

County/Region

Passaic

MLS | Web ID

3988367
Features
General
Sewer Public Sewer
Construction Brick/Block
Heating 4+ Units Forced Hot Air
Cooling 3 Units Central Air Window A/C(s)
Utilities Electric Gas-Natural
Possession 30 days
Roof Flat
Zoning B-4
Garage Spaces 0
Year Built 1983
Tenant Pays Electric Gas Heat Hot Water Sewer Water
Township Paterson City
Property Type Mixed Use Store With Apartment Store With Apartment
Tax Year 2024
Ownership Fee Simple
Location Business District Freestanding Residential Area
Lease Information 5 Or More Years
Gross Income 180000
County Passaic
Net Operating Income 118860
Operating Expense 61139
Subdivision Name Downtown
Status Active
Directions Broadway between Washington St and Main St.
Number Of Units Total 6
Tax Annual Amount 48912
Drive On-Street Parking
Leasable Area 0
Lease Type Gross
Standard Status Active
Tax Assessed Value 960000
Town # 2508
Tax Lot 15
Cap Rate 8.50
Farm Assessment No
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Interior
Basement French Drain Full Unfinished
Flooring Laminate
Fuel Type Electric Gas-Natural
Total Stories 2
Half Baths 6
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Exterior
Lot Features Level Lot
Water Source Public Water
Exterior Description Brick/Block
Building Area Total 8520
Lot Dimensions 61X100 IRR.
Lot Size Acres 999999.00
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* Excluded Features
List By
TRACY YAW CHAN

Listing Agent

C-21 Cedarcrest Realty

Broker

TracyyChan@gmail.com

Email

Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/22/2025$1,398,000 Listed Price

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59 Broadway, Paterson, NJ, 07505 is a Property for Rent at $1,398,000 with a lot size of 999999. 59 Broadway was built in 1983. The property's zip code is 07505 which is in Paterson, NJ

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