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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." +"AttributionContact": "732-228-8911" +"Basement": "Partial" +"BuildingAreaUnits": "Sqft" +"Cooling": "4+ Units, Central Air" +"CreationDate": "2026-06-21T08:25:45.328435+00:00" +"DaysOnMarket": 181 +"Directions": "Main Street to W Broadway" +"Heating": "4+ Units, Forced Hot Air" +"InternetAutomatedValuationDisplayYN": true +"InternetEntireListingDisplayYN": true +"LeasableArea": "0" +"ListOfficePhone": "732-228-8911" +"ListingContractDate": "2026-02-03" +"LivingAreaUnits": "Sqft" +"LotSizeDimensions": "50X100" +"LotSizeUnits": "Acres" +"MajorChangeTimestamp": "2026-08-03T14:07:29Z" +"MlsStatus": "Active" +"NumberOfUnitsTotal": "13" +"OriginalEntryTimestamp": "2026-02-03 13:13:43.0" +"OwnerPays": "Sewer, Water" +"Ownership": "Fee Simple" +"ParcelNumber": "2508-00608-0000-00012-0000-" +"PhotosChangeTimestamp": "2026-02-03T21:44:11Z" +"PhotosCount": "7" +"Possession": "See Remarks" +"Roof": "Flat, Rubberized" +"Sewer": "Public Sewer" +"StateOrProvince": "NJ" +"StoriesTotal": "3" +"StreetName": "W Broadway" +"StreetNumber": "199" +"TaxAnnualAmount": "4590" +"TaxAssessedValue": "90100" +"TaxBlock": "608" +"TaxLot": "12" +"TaxYear": "2024" +"TenantPays": "Electric, Gas, Heat, Hot Water" +"Utilities": "Gas-Natural" +"WaterSource": "Public Water" +"Zoning": "Redevelopment" +"Township": "Paterson City" +"class_name": "COM" +"LotSizeAcres": "0.11" +"CountyOrParish": "Passaic" +"Media": array:7 [ 0 => array:11 [ "Order" => 0 "MediaKey" => "54093000" "MediaURL" => "https://cdn.realtyfeed.com/cdn/118/5409300/403dd9cc507c4f186bf28f1b0145c1d8.webp" "ClassName" => null "MediaSize" => 271105 "MediaType" => "webp" "Thumbnail" => "https://cdn.realtyfeed.com/cdn/118/5409300/thumbnail-403dd9cc507c4f186bf28f1b0145c1d8.webp" "ResourceName" => "Property" "MediaCategory" => "Photo" "MediaObjectID" => "" "ResourceRecordKey" => "5409300" ] 1 => array:11 [ "Order" => 1 "MediaKey" => "54093001" "MediaURL" => "https://cdn.realtyfeed.com/cdn/118/5409300/65163c681b7b3a3d9b831d2f4702eb0f.webp" "ClassName" => null "MediaSize" => 350797 "MediaType" => "webp" "Thumbnail" => "https://cdn.realtyfeed.com/cdn/118/5409300/thumbnail-65163c681b7b3a3d9b831d2f4702eb0f.webp" "ResourceName" => "Property" "MediaCategory" => "Photo" "MediaObjectID" => "" "ResourceRecordKey" => "5409300" ] 2 => array:11 [ "Order" => 2 "MediaKey" => "54093002" "MediaURL" => "https://cdn.realtyfeed.com/cdn/118/5409300/05537a523306312fc079712e315fdbcb.webp" "ClassName" => null "MediaSize" => 267445 "MediaType" => "webp" "Thumbnail" => "https://cdn.realtyfeed.com/cdn/118/5409300/thumbnail-05537a523306312fc079712e315fdbcb.webp" "ResourceName" => "Property" "MediaCategory" => "Photo" "MediaObjectID" => "" "ResourceRecordKey" => "5409300" ] 3 => array:11 [ "Order" => 3 "MediaKey" => "54093003" "MediaURL" => "https://cdn.realtyfeed.com/cdn/118/5409300/55a05c11ae038fd69d3bed6a02ef026e.webp" "ClassName" => null "MediaSize" => 168678 "MediaType" => "webp" "Thumbnail" => "https://cdn.realtyfeed.com/cdn/118/5409300/thumbnail-55a05c11ae038fd69d3bed6a02ef026e.webp" "ResourceName" => "Property" "MediaCategory" => "Photo" "MediaObjectID" => "" "ResourceRecordKey" => "5409300" ] 4 => array:11 [ "Order" => 4 "MediaKey" => "54093004" "MediaURL" => "https://cdn.realtyfeed.com/cdn/118/5409300/0727d5a9e1e914a4b8fdd5cea96d5410.webp" "ClassName" => null "MediaSize" => 153770 "MediaType" => "webp" "Thumbnail" => "https://cdn.realtyfeed.com/cdn/118/5409300/thumbnail-0727d5a9e1e914a4b8fdd5cea96d5410.webp" "ResourceName" => "Property" "MediaCategory" => "Photo" "MediaObjectID" => "" "ResourceRecordKey" => "5409300" ] 5 => array:11 [ "Order" => 5 "MediaKey" => "54093005" "MediaURL" => "https://cdn.realtyfeed.com/cdn/118/5409300/512159efcf65d95293f265e6945e72a9.webp" "ClassName" => null "MediaSize" => 158719 "MediaType" => "webp" "Thumbnail" => "https://cdn.realtyfeed.com/cdn/118/5409300/thumbnail-512159efcf65d95293f265e6945e72a9.webp" "ResourceName" => "Property" "MediaCategory" => "Photo" "MediaObjectID" => "" "ResourceRecordKey" => "5409300" ] 6 => array:11 [ "Order" => 6 "MediaKey" => "54093006" "MediaURL" => "https://cdn.realtyfeed.com/cdn/118/5409300/58cb0a7189128c1a976baf8f919dc141.webp" "ClassName" => null "MediaSize" => 351170 "MediaType" => "webp" "Thumbnail" => "https://cdn.realtyfeed.com/cdn/118/5409300/thumbnail-58cb0a7189128c1a976baf8f919dc141.webp" "ResourceName" => "Property" "MediaCategory" => "Photo" "MediaObjectID" => "" "ResourceRecordKey" => "5409300" ] ] +"@odata.id": "https://api.realtyfeed.com/realtyfeed/odata/Property('5409300')" +"ID": "42048" }
199 W Broadway , Paterson City, New Jersey 07522-1583
- $3,600,000
199 W Broadway , Paterson City, New Jersey 07522-1583
- $3,600,000
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.
Address
Open on Google Maps-
City: Paterson City
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State/county: NJ
Details
Updated on August 3, 2026 at 7:20 pm-
Property ID HZ4008031
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Price $3,600,000
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Property Status Active
Features
Mortgage Calculator
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Down Payment
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Loan Amount
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Monthly Mortgage Payment
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Property Tax
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Home Insurance
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PMI
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Monthly HOA Fees