81-85 Berkshire Ave , Paterson City, Passaic 07502-1812

  • $2,250,000

Description

Portfolio offering: 81?85 Berkshire Ave, Paterson?three adjacent mixed-use buildings sold together. The property combines one ground-floor commercial storefronts with seven apartments above (one-, two- and three-bedroom layouts), delivering diversified income in a neighborhood setting near shopping, bus lines, and major roadways. Buildings are currently occupied with staggered lease expirations, supporting near-term stability. Operations are efficient with primarily tenant-paid utilities; ownership provides cold water. Off-street parking is available via assigned spaces and on-site driveways. Attractive value-add upside exists over time through mark-to-market as leases roll, retail optimization, and potential conversion from 1 commercial unit to a residential. A compelling North Jersey infill asset for long-term hold or 1031 exchange.

  • City: Paterson City
  • State/county: Passaic

Details

Updated on December 9, 2025 at 4:43 pm
  • Property ID HZ3995236
  • Price $2,250,000
  • Property Size 10050
  • Property Status Active

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Queens Realty New Jersey

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