60-62 Plum Street Paterson, NJ $ 7,250,000
60-62 Plum Street
$ 7,250,000
Recently Listed New Construction
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60-62 Plum Street

Paterson, NJ, 07503
$ 7,250,000
Bedrooms-- Baths--

Monthly Estimate*

$ 45,231

60-62 Plum Street, Paterson, NJ 07503 - Image 1
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Commercial Property for sale in Paterson, NJ

for $7,250,000.

Welcome to a TRUE TURNKEY opportunity! A newly constructed 20-unit residential building, located 2 blocks away from St. Joseph's Children's Hospital! 3 blocks away from access to Route-80! Only 20 minutes away from Manhattan (via GW Bridge). 60-62 Plum St, was built from the ground up, and completed in January 2025, and comes with the added benefits of a very low maintenance, allowing the owner/landlord, to self manage the property, if chosen too. Also the BIG BONUS....a (30) YEAR TAX ABATEMENT, with (29) YEARS REMAINING!!! And with NO RENT CONTROL RESTRICTIONS, this property is perfectly positioned, to keep the expenses low with increasing the rent roll yearly. The perfect pairing for any investor's formula. Contact today, to set up an in-person tour, and/or get a google link to extensive photos & video walkthrough tours of each unit (prior to occupancy).

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Commercial Active

Price

$ 7,250,000

Property Type

Commercial

Taxes

$ 0

Style

Town/City

Paterson

County/Region

Passaic

MLS | Web ID

25042891

Features
General
Roof Flat See Remarks
Rooms None
County PASSAIC
Property Type 5+ Mixed Use
HOA N
Status Active - Active
City Paterson
Taxes 3700
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

$45,231
Per Month
100%
0%
0%
Monthly Principal & Interest
$45,231
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
Pricing History
DatePricePrice ChangeDescription
12/16/2025$7,250,000 Listed Price

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60-62 Plum Street, Paterson, NJ, 07503 is a Commercial Property for sale at $7,250,000. The property's zip code is 07503 which is in Paterson, NJ