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Ellison Bldg 150-154 Ellison St 30,000 SF 100% Leased Office Building Paterson, NJ 07505 $3,392,500 CAD ($113.08 CAD/SF)
Investment Highlights
- Previously approved for 55 residential units and 7,500 SF of ground-floor commercial space.
- Positioned within an active redevelopment zone with strong municipal support.
- Located in a high-visibility area near City Hall and major downtown amenities.
- Excellent access to major highways and public transportation options.
Executive Summary
redevelopment opportunity downtown paterson - possibile approval of approx 55 units - property consist of 2 buildings to be bought as a package deal in need of complete rehab - tax abatement opportunity -
Property Facts Under Contract
Sale Type
Investment or Owner User
Sale Condition
Build to Suit
Property Type
Office
Building Size
30,000 SF
Building Class
C
Year Built/Renovated
1920/1983
Price
$3,392,500 CAD
Price Per SF
$113.08 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
7,500 SF
Slab To Slab
10’
Building FAR
3.81
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
N/Av - Commercial
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Walk Score®
Walker's Paradise (98)
Property Taxes
| Parcel Number | 08-04406-0000-00002 | Improvements Assessment | $132,443 CAD |
| Land Assessment | $512,132 CAD | Total Assessment | $644,575 CAD |
Property Taxes
Parcel Number
08-04406-0000-00002
Land Assessment
$512,132 CAD
Improvements Assessment
$132,443 CAD
Total Assessment
$644,575 CAD
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Ellison Bldg | 150-154 Ellison St
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