62 Lafayette St Paterson, NJ ^$ 1,500,000

62 Lafayette St

^$ 1,500,000

Back to search

Recently Listed

62 Lafayette St

Paterson, NJ, 07501

^$ 1,500,000

Bedrooms-- Baths-- Sq 999

Monthly Estimate*

^$ 9,236

62 Lafayette St, Paterson, NJ 07501 - Image 1

62 Lafayette St, Paterson, NJ 07501 - Image 2

62 Lafayette St, Paterson, NJ 07501 - Image 3

62 Lafayette St, Paterson, NJ 07501 - Image 4

62 Lafayette St, Paterson, NJ 07501 - Image 5

62 Lafayette St, Paterson, NJ 07501 - Image 6

62 Lafayette St, Paterson, NJ 07501 - Image 7

62 Lafayette St, Paterson, NJ 07501 - Image 8

62 Lafayette St, Paterson, NJ 07501 - Image 9

62 Lafayette St, Paterson, NJ 07501 - Image 10

62 Lafayette St, Paterson, NJ 07501 - Image 11

62 Lafayette St, Paterson, NJ 07501 - Image 12

62 Lafayette St, Paterson, NJ 07501 - Image 13

62 Lafayette St, Paterson, NJ 07501 - Image 14

62 Lafayette St, Paterson, NJ 07501 - Image 15

62 Lafayette St, Paterson, NJ 07501 - Image 16

62 Lafayette St, Paterson, NJ 07501 - Image 17

62 Lafayette St, Paterson, NJ 07501 - Image 18

62 Lafayette St, Paterson, NJ 07501 - Image 19

62 Lafayette St, Paterson, NJ 07501 - Image 20

62 Lafayette St, Paterson, NJ 07501 - Image 21

62 Lafayette St, Paterson, NJ 07501 - Image 22

62 Lafayette St, Paterson, NJ 07501 - Image 23

62 Lafayette St, Paterson, NJ 07501 - Image 24

62 Lafayette St, Paterson, NJ 07501 - Image 25

62 Lafayette St, Paterson, NJ 07501 - Image 26

62 Lafayette St, Paterson, NJ 07501 - Image 27

62 Lafayette St, Paterson, NJ 07501 - Image 28

Commercial Property for sale in Paterson, NJ

for $1,500,000 with 8 half baths. This 999 square foot building was built in 1900 on a lot size of 0.11.

Income producing 7 unit corner property located at 62-64 Lafayette Street in Paterson, set on an oversized 50x100 lot with on site parking. This fully detached three story building offers a strong unit mix of one and three bedroom apartments, appealing to a wide range of tenants. All units have been renovated in recent years, providing solid in place income with minimal immediate capital needs. Tenants pay their own utilities, helping maintain efficient operating expenses. Currently delivering over an 8% cap rate with additional upside potential, this property presents a strong investment opportunity. Conveniently located near public transportation, shopping, schools and much more!

Commercial Active

Price

^$ 1,500,000

Half Bath

Property Type

Commercial

Taxes

^$ 16,047

Style

Apartment Complex

Lot Size

0.11

Year Built

1900

Town/City

Paterson

County/Region

Passaic

MLS | Web ID

4017166

Features

General

Sewer Public Sewer

Construction See Remarks

Heating 4+ Units Baseboard - Electric Forced Hot Air

Cooling Central Air Window A/C(s)

Utilities Electric Gas-Natural

Possession ASAP

Roof Asphalt Shingle

Zoning R2

Year Built 1900

Township Paterson City

Property Type Apartment Complex Apartment Complex

Tax Year 2025

Ownership Fee Simple

Location See Remarks

County Passaic

Status Active

Directions Corner Lafayette St. and Summer

Number Of Units Total 7

Tax Annual Amount 16047

Drive 2 Car Width Blacktop See Remarks

Leasable Area 999

Standard Status Active

Tax Assessed Value 1018300

Town # 2508

Tax Lot 1

Interior

Basement Unfinished Walkout

Fuel Type Electric Gas-Natural

Total Stories 3

Half Baths 8

Exterior

Lot Features Corner Level Lot

Water Source Public Water

Exterior Description Aluminum Vinyl

Building Area Total 999

Lot Dimensions 50X100

Lot Size Acres 0.11

* Excluded Features

List By

MORDY ABELESZ

Listing Agent

Exp Realty, Llc

Broker

Affordability Calculator

$10,573

Per Month

Monthly Principal & Interest: $9,236
Monthly Property Taxes: $1,337
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW! What's my home worth?

Nearby

Trends
Schools

Commerical listings in Paterson, NJ

Average List Price ^$1,215,155

Percent of Sale Price 19%

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
3/27/2026	$1,500,000		Listed Price

Map

More homes like this one

homes for you

See all

62 Lafayette St, Paterson, NJ, 07501 is a Commercial Property for sale at $1,500,000 with 999 sqft and a lot size of 0.11. 62 Lafayette St was built in 1900. 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 6.25% 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.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

62 Lafayette St

Commercial Property for sale in Paterson, NJ

Affordability Calculator

Map

More homes like this one

Get more info about this home