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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
Last Updated: February - 03 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.