$1,359,000

242-244 Main, Paterson, NJ 07505

  • Property Icon Commercial Property
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 3 days ago

Property Description

Solid 6 Story Mixed-use building, 1Retail, five apartments, located on Main St., the busiest street in Paterson. This building has great potential to increase income. The current rent is below the market value. Current income is $119,400. Each floor is $1800 Sqft. Huge size. You can make a 3-bed apartment on each floor. This building has true value. The potential income will exceed $200,000. Section 8 in Paterson for a 3-bed $2550. Retail ( Cell phone store), four(4) apartments are updated. Separated heating, the 6th floor is vacant. Full basement.

Listing Status:
Active
Date Added:
September 24, 2025 at 05:00AM
Listing Office:
Alpine MC Realty LLC : 201-429-2999
Listing Agent:
Woo H Choi : (201) 665-3114
MLS ID:
25034363
  • Heating: BaseboardGas

This listing courtesy of Woo H Choi, Alpine MC Realty LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

School 2

22 Passaic St, Paterson, NJ, 07501

Grades KG-8

0.16 miles away

S

School 2

22 Passaic St, Paterson, NJ, 07501

Grades KG-8

0.16 miles away

S

School of Health Science

57 Colt St, Paterson, NJ, 07505

Grades 9-12

0.12 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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