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Straight Street Rooms & Retail 217 Straight St 6 Unité Immeuble d’appartements 1 373 099 $ CAD (228 850 $ CAD/Unité) 7,80% Taux de capitalisation Paterson, NJ 07501
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Prime Paterson CBD location
- Flexible mixed-use configuration
- Upside with market rent growth
Résumé de l'annonce
215–217 Straight Street presents a rare opportunity to acquire a strategically positioned mixed-use asset in the heart of Paterson, NJ. Spanning approximately 6,500 square feet across two floors, the property combines immediate cash flow with substantial value-add potential, making it well-suited for investors seeking both stability and long-term growth.
The ground floor retail component provides in-place income, while the upper floors remain underutilized and primed for conversion to residential or office use. Current rents are below market, creating a clear path for revenue enhancement. With targeted capital improvements, investors can reposition this property to fully leverage the strong demand within Paterson’s urban core.
Located just steps from downtown and within walking distance of the Great Falls Historic District, the property benefits from excellent accessibility. It is directly connected to major regional highways including Interstate 80, Route 20, and the Garden State Parkway, while also offering immediate access to NJ Transit bus and rail lines with direct service to New York City. This level of connectivity enhances both the leasing profile and long-term appreciation prospects of the asset.
Offered at $1,200,000, 215–217 Straight Street is priced well below replacement cost and represents one of the most competitive entry points in the market. Comparable CBD assets transact at higher basis, underscoring the strength of this pricing. For investors with the resources to implement a repositioning strategy, this property provides the framework for significant value creation.
Delivered as-is with existing tenancy and zoning in place, this acquisition offers a combination of stabilized income and scalable upside. For qualified investors seeking a direct foothold in a rapidly revitalizing New Jersey market, 215–217 Straight Street is positioned as a high-potential, performance-driven asset.
Property Overview
• Building Size: 6,594 SF
• Stories: 3 floors + basement
• Lot Size: 0.09 acres (3,920 SF)
• Zoning: CBD – Central Business District (favorable to mixed-use, retail and flex use with appropriate approvals)
• Occupancy: Ground floor commercial tenants in place; upper floors previously residential/office rooming house with repositioning potential
The ground floor retail component provides in-place income, while the upper floors remain underutilized and primed for conversion to residential or office use. Current rents are below market, creating a clear path for revenue enhancement. With targeted capital improvements, investors can reposition this property to fully leverage the strong demand within Paterson’s urban core.
Located just steps from downtown and within walking distance of the Great Falls Historic District, the property benefits from excellent accessibility. It is directly connected to major regional highways including Interstate 80, Route 20, and the Garden State Parkway, while also offering immediate access to NJ Transit bus and rail lines with direct service to New York City. This level of connectivity enhances both the leasing profile and long-term appreciation prospects of the asset.
Offered at $1,200,000, 215–217 Straight Street is priced well below replacement cost and represents one of the most competitive entry points in the market. Comparable CBD assets transact at higher basis, underscoring the strength of this pricing. For investors with the resources to implement a repositioning strategy, this property provides the framework for significant value creation.
Delivered as-is with existing tenancy and zoning in place, this acquisition offers a combination of stabilized income and scalable upside. For qualified investors seeking a direct foothold in a rapidly revitalizing New Jersey market, 215–217 Straight Street is positioned as a high-potential, performance-driven asset.
Property Overview
• Building Size: 6,594 SF
• Stories: 3 floors + basement
• Lot Size: 0.09 acres (3,920 SF)
• Zoning: CBD – Central Business District (favorable to mixed-use, retail and flex use with appropriate approvals)
• Occupancy: Ground floor commercial tenants in place; upper floors previously residential/office rooming house with repositioning potential
Bilan financier (Réel - 2024) |
Annuel (CAD) | Annuel par pi² (CAD) |
|---|---|---|
| Revenu de location brut |
82 386 $
|
12,20 $
|
| Autres revenus |
-
|
-
|
| Perte due à l’inoccupation |
-
|
-
|
| Revenu brut effectif |
82 386 $
|
12,20 $
|
| Taxes |
12 358 $
|
1,83 $
|
| Dépenses d’exploitation |
4 119 $
|
0,61 $
|
| Total des dépenses |
16 477 $
|
2,44 $
|
| Revenu net d’exploitation |
65 909 $
|
9,76 $
|
Bilan financier (Réel - 2024)
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | 82 386 $ |
| Annuel par pi² | 12,20 $ |
| Autres revenus (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | 82 386 $ |
| Annuel par pi² | 12,20 $ |
| Taxes (CAD) | |
|---|---|
| Annuel | 12 358 $ |
| Annuel par pi² | 1,83 $ |
| Dépenses d’exploitation (CAD) | |
|---|---|
| Annuel | 4 119 $ |
| Annuel par pi² | 0,61 $ |
| Total des dépenses (CAD) | |
|---|---|
| Annuel | 16 477 $ |
| Annuel par pi² | 2,44 $ |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | 65 909 $ |
| Annuel par pi² | 9,76 $ |
Faits sur la propriété
| Prix | 1 373 099 $ CAD | Style d’appartement | De faible hauteur |
| Prix par unité | 228 850 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 0,10 AC |
| Taux de capitalisation | 7,80% | Taille du bâtiment | 6 753 pi² |
| Nombre d’unités | 6 | Nombre d’étages | 3 |
| Type de propriété | Immeuble residentiel | Année de construction/rénovation | 1930/1990 |
| Sous-type de propriété | Appartement | ||
| Zonage | R3 - District résidentiel à haute densité moyenne. | ||
| Prix | 1 373 099 $ CAD |
| Prix par unité | 228 850 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 7,80% |
| Nombre d’unités | 6 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,10 AC |
| Taille du bâtiment | 6 753 pi² |
| Nombre d’étages | 3 |
| Année de construction/rénovation | 1930/1990 |
| Zonage | R3 - District résidentiel à haute densité moyenne. |
Commodités
Commodités des unités
- Climatisation
- Chauffage
- Cuisine
- Réfrigérateur
- Four
Commodités du site
- Accès 24 heures
- Accès contrôlé
- CVCA contrôlé par le locataire
- Commerce de détail sur place
- Sans fumée
- Détecteur de fumée
1 1
Exceptionnellement praticable à pied
100/100
Assez facile d’accès en voiture
50/100
Transports en commun robustes
80/100
Plutôt praticable en vélo
50/100
Impôts fonciers
| Numéro de lot | 08-04313-0000-00022 | Évaluation totale | 1 051 035 $ CAD (2025) |
| Évaluation du terrain | 122 298 $ CAD (2025) | Impôts annuels | 12 358 $ CAD (1,83 $ CAD/pi²) |
| Évaluation des bâtiments | 928 737 $ CAD (2025) | Année d’imposition | 2024 |
Impôts fonciers
Numéro de lot
08-04313-0000-00022
Évaluation du terrain
122 298 $ CAD (2025)
Évaluation des bâtiments
928 737 $ CAD (2025)
Évaluation totale
1 051 035 $ CAD (2025)
Impôts annuels
12 358 $ CAD (1,83 $ CAD/pi²)
Année d’imposition
2024
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Straight Street Rooms & Retail | 217 Straight St
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