81-85 Berkshire Ave 5,529 SF 100% Leased Retail Building Paterson, NJ 07502 $3,140,820 CAD ($568.06 CAD/SF) 8.05% Cap Rate

81–85 Berkshire Ave, Paterson—three adjacent mixed-use buildings sold together. The property combines two ground-floor commercial storefronts with seven apartments above (one-, two- and three-bedroom layouts), delivering diversified income in a neighborhood setting near shopping, bus lines, and major roadways. Buildings are currently occupied with staggered lease expirations, supporting near-term stability. Operations are efficient with primarily tenant-paid utilities; ownership provides cold water. Off-street parking is available via assigned spaces and onsite driveways. Attractive value-add upside exists over time through mark-to-market as leases roll, retail optimization, and potential conversion from 1 commercial unit to a residential .