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581 E 18th St 2,300 SF Retail Building Paterson, NJ 07514 $930,444 CAD ($404.54 CAD/SF) 10.24% Cap Rate
Investment Highlights
- Multi-level property with basement and three above-ground floors.
- Strong potential for rental income or owner-occupant customization.
- Located in Paterson with easy access to major highways and NYC.
- Expansive first-floor open room ideal for flexible use or entertainment.
Executive Summary
Discover the rebuilt mixed-use property with zoning B-2. This building features three fully occupied units and underwent extensive renovations in 2022, including a new roof, new masonry, and a finished basement. It boasts 3 gas meters, 4 electric meters, and 2 water meters, ensuring seamless utility management. The ground floor houses a smoke shop, while the second floor offers a 3-bedroom apartment. The third floor features a cozy 2-bedroom apartment. Located just three blocks from the Broadway Express Bus to Midtown NYC, this property offers unparalleled convenience for commuters. Don't miss out on this exceptional investment opportunity in a prime location.
Agent Remarks: Any showing need to accompany with listing agents. Contact co-listing agent Tony- 914 9121 727 schedule appointments. Offers will be sent to email of both agents stu@nernm.com & aphan@nernm.com
Agent Remarks: Any showing need to accompany with listing agents. Contact co-listing agent Tony- 914 9121 727 schedule appointments. Offers will be sent to email of both agents stu@nernm.com & aphan@nernm.com
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,300 SF
Building Class
C
Year Built/Renovated
1978/2022
Price
$930,444 CAD
Price Per SF
$404.54 CAD
Cap Rate
10.24%
NOI
$95,234 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.89
Lot Size
0.06 AC
Zoning
B-2 - Zoning B-2 suitable for most of business
Parking
6 Spaces (2.61 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- King of Smoke
- Retailer
- 805 SF
- -
- Modified Gross
- Nov 2025
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| King of Smoke | Retailer | 805 SF | - | Modified Gross | Nov 2025 |
Walk Score®
Very Walkable (88)
Nearby Major Retailers
Property Taxes
| Parcel Number | 08-03421-0000-00026 | Improvements Assessment | $93,455 CAD |
| Land Assessment | $74,436 CAD | Total Assessment | $167,890 CAD |
Property Taxes
Parcel Number
08-03421-0000-00026
Land Assessment
$74,436 CAD
Improvements Assessment
$93,455 CAD
Total Assessment
$167,890 CAD
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Presented by
Northeast Realty & Mangement
581 E 18th St
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