199 W Broadway, Paterson, NJ 07522

New Listing
$4,250,000
Property Type: Commercial Status: Active
Current Price: $4,250,000 List Date: 2/03/2026 Last Modified: 2/03/2026

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.

More Information MLS# 22603029

Contract Info

Sale: Yes Lease: No New Construction: No Status: Active List Date: 2026-02-03 Property Sub-Type: Multi Family List Price: $4,250,000 Current Price: $4,250,000

Location

Area/Section: None House Number: 199 Dir.: W Street Name: Broadway County: Passaic Municipality: Paterson (PAT) Postal City: Paterson State: NJ Zip Code: 07522 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: 1 Garage: No # Car Garage: 0 # Parking Spaces: 8

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

Use

Apartments: 1 Retail: 1

Interior

Fire Alarm: 1

Zoning

Mixed: 1

Floors

Tile: 1 Wood: 1

Electric

200 - 400 AMP: 1

Gas

On Site: 1

Cooling

Central Air: 1

Water Heater

Natural Gas: 1

Heating

Forced Air: 1 Natural Gas: 1

Water

Public Water: 1

Sewer

Public Sewer: 1

Exterior

Lighting: 1 Security System: 1

Parking

On Site: 1

Assessment Status

Assessed: 1

Construction/Siding

Aluminum Siding: 1 Brick Veneer: 1 Vinyl: 1

Roof

Flat: 1

Documents Available

Blue Prints: 1 Building Plan: 1

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
IDX
Last Updated: February - 03 - 2026
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