62-64 Lafayette ST #7, Paterson, NJ 07501
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62-64 Lafayette ST #7, Paterson, NJ 07501
62-64 Lafayette ST #7, Paterson, NJ 07501
62-64 Lafayette ST #7, Paterson, NJ 07501
62-64 Lafayette ST #7, Paterson, NJ 07501
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Eric DeSilva

Eric DeSilva

+1(973) 542-9302
Listed by Mordy Abelesz EXP Realty, LLC
$ 1,435,000
Est. payment /mo
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Price Dropped by $65K

62-64 Lafayette ST #7 Paterson, NJ 07501

UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

MLS Listing ID 26009747

Style Office

Property Sub-Type Office

Property Description

Income producing 7 unit corner property located at 62-64 Lafayette Street in Paterson, set on an oversized 50x100 lot with on site parking. This fully detached three story building offers a strong unit mix of one and three bedroom apartments, appealing to a wide range of tenants. All units have been renovated in recent years, providing solid in place income with minimal immediate capital needs. Tenants pay their own utilities, helping maintain efficient operating expenses. Currently delivering over an 9% cap rate with additional upside potential, this property presents a strong investment opportunity. Conveniently located near public transportation, shopping, schools and much more!

Location

State NJ

County Passaic

Interior

Heating Central Air, Gas

New Jersey MLS (NJMLS)

Nearby Locations

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62-64 Lafayette ST #7

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