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199 W Broadway, Paterson, NJ, 07522

$3,950,000

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About 199 Broadway

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.

Features of 199 Broadway

MLS® #
22603029
Acres
0.00
Type
Commercial Sale
Price
$3,950,000
Sub-Type
Multi Family

Additional Features

Subdivision
Dakota Park

Exterior

Lot Description
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Community Information

Address
199 Broadway
Subdivision
Dakota Park
City
Paterson
County
Passaic
State
NJ
Zip Code
07522

Listing Information

Agent Name
Michael John DeBlasio
Agent Office
Haven Realty LLC

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(718) 987-7900