199 W Broadway, Paterson, NJ 07522
$4,250,000
Property Type:
Commercial
Status:
Active
Current Price:
$4,250,000
List Date:
2/03/2026
Last Modified:
2/04/2026
Overview
Description
Newly constructed, fully rented mixed-use investment opportunity offering immediate cash flow and long-term upside. This modern building features 12 residential units, including 3 one-bedroom/one-bath apartments and 9 two-bedroom/two-bath apartments, plus 1 ground-level retail space, all currently leased. Each residential unit offers separate heating and cooling systems along with in-unit washer/dryers. Private on-site parking adds strong tenant appeal and long-term value. In addition to the immediate cash flow, the property benefits from time remaining on a 20-year tax abatement. A well-maintained, fully stabilized investment property offering immediate income with the benefit of long-term tax advantages.
Listing Details MLS# 22603029
Contract Info
- Property Sub-Type
- Multi Family
- Sale
- Yes
- Lease
- No
- New Construction
- No
Location
- House Number
- 199
- Dir.
- W
- Street Name
- Broadway
- County
- Passaic
- Municipality
- Paterson (PAT)
- Postal City
- Paterson
- State
- NJ
- Zip Code
- 07522
- Area/Section
- None
- Complex/Subdivision
- Dakota Park
- Directions
- Main Street to West Broadway. Park in lot adjacent to bldg.
General Property Info
- Handicap Access
- Yes
- # Levels
- 3
- # Elevators
- Yes
- Garage
- No
- # Parking Spaces
- 8
- # Car Garage
- 0
Tax and Legal
- Asmnt - Total
- 31500
- Deed Restricted
- No
- Special Assessment
- No
- Taxes
- 4590
- Tax Year
- 2024
Remarks & Misc
- Excluded
- Nothing
Income & Expenses
- # Rental Units
- 13
More Information
Use
- Apartments
- Yes
- Retail
- Yes
Interior
- Fire Alarm
- Yes
Zoning
- Mixed
- Yes
Floors
- Tile
- Yes
- Wood
- Yes
Electric
- 200 - 400 AMP
- Yes
Gas
- On Site
- Yes
Cooling
- Central Air
- Yes
Water Heater
- Natural Gas
- Yes
Heating
- Forced Air
- Yes
- Natural Gas
- Yes
Water
- Public Water
- Yes
Sewer
- Public Sewer
- Yes
Exterior
- Lighting
- Yes
- Security System
- Yes
Parking
- On Site
- Yes
Assessment Status
- Assessed
- Yes
Construction/Siding
- Aluminum Siding
- Yes
- Brick Veneer
- Yes
- Vinyl
- Yes
Roof
- Flat
- Yes
Documents Available
- Blue Prints
- Yes
- Building Plan
- Yes
Property Features
Use:
Apartments; Retail
Interior:
Fire Alarm
Floors:
Tile; Wood
Cooling:
Central Air
Heating:
Forced Air; Natural Gas
Water Heater:
Natural Gas
Water:
Public Water
Sewer:
Public Sewer
Gas:
On Site
Electric:
200 - 400 AMP
Exterior:
Lighting; Security System
Parking:
On Site
Roof:
Flat
Zoning:
Mixed
Assessment Status:
Assessed
Documents Available:
Blue Prints; Building Plan
Listing Office:
Haven Realty LLC
Listing Agent:
Michael John DeBlasio
Last Updated: February - 04 - 2026
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