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$2,250,000
Est. payment /mo
10,050 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 10,050 sqft
Price per Sqft $223
MLS Listing ID 3995236
Year Built 1900
Annual Tax Amount $31,272
Tax Year 2024
Lot Size 6,969 Sqft
Property Sub-Type Mixed Use
Property Description
Portfolio offering: 81"85 Berkshire Ave, Paterson three adjacent mixed-use buildings sold together. The property combines two 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.
Location
State NJ
County Passaic
Zoning comm
Interior
Heating See Remarks
Cooling See Remarks
Equipment Appliances, Restrooms - Private, See Remarks
Heat Source See Remarks
Exterior
Exterior Feature Brick/Block
Utilities Available Electric, Gas-Natural
Roof Type Asphalt Shingle
Building
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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