199 W Broadway, Paterson, NJ 07522 (MLS# 22603029)

199 W Broadway, Paterson, NJ 07522

$3,600,000

Property Type: Commercial Status: Active

Current Price: $3,600,000 List Date: 2/03/2026 Last Modified: 8/03/2026

Overview

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.

Listing Details MLS# 22603029

Contract Info

Property Sub-Type: Multi Family
Sale: Yes
Lease: No
New Construction: No

Location

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

Tax and Legal

Asmnt - Total: 31500
Deed Restricted: No
Special Assessment: No
Taxes: 4590
Tax Year: 2024

More Information

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: August - 03 - 2026

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