Commercial space For Lease in Paterson, NJ
 

MLS# : 25034363

Street : 242-244 Main
Price : $1,359,000
Town : Paterson, NJ 07505
Annual Taxes : $35,679

PROPERTY DETAILS

Use : Retail
Utilities : Sep Elec, Sep Gas, Seperate Heat
Heat/Cool : Baseboard, Gas
Waterfront : None

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.

Amenities

This listing is a courtesy of Alpine MC Realty LLC
201-429-2999 office, listing agent Woo H. Choi

MADISON ADAMSTM

office: 201-760-1100
84 E Ridgewood Ave, Suite 201
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)

Contact Info

FOR APPOINTMENTS CONTACT


Sales Associate
917-863-6560 (cell)

Madisom Adams Sales Associate Cindy Chiashin Shih


Sales Associate
914-261-6031 (cell)

Madisom Adams Sales Associate Georgine Addeo


Sales Associate
201-725-1170 (cell)

Madisom Adams Sales Associate Juan Carlos Guevara


Real estate inventory
Paterson
Homes : $294,900 - 899,900 23
Condos : $135,000 - 420,000 13
Co-ops : $150,000 - 150,000 1
Twnhs : $399,000 - 399,000 1
2-4 Fam : $349,900 - 899,900 75
5+ Fam : $799,000 - 3,695,000 4
Land : $60,000 - 435,000 4
Rentals : $1,600 - 4,700 47
Mixd Use : $575,000 - 3,695,000 7
Com S : -
Com L : -
Biz : $25,000 - 450,000 5


Similar Listings in Paterson

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NJMLS is the owner of the copyrights of the listing content displayed for IDX. The NJMLS Internet Data Exchange Logo is a service mark owned by the NJMLS, Inc. All information deemed reliable but not guaranteed. Last date updated: 09/26/2025 00:05 AM Source: New Jersey Multiple Listing Service, Inc. “©2025 New Jersey Multiple Listing Service, Inc. All rights reserved.”


General Tax Rate is used to determine the amount of real estate tax levied upon a particular property. This rate is used to compute the tax bill.

Effective Tax Rate is used to compare of one district to another district based on the assumption that all districts are at 100% valuation. This rate has been computed by the State of New Jersey Department of the Treasury using County Equalization Average Ratios. This rate is NOT to be used to compute the tax bill.

Data Source: US Census 2010, NJ MLS, State of New Jersey Department of the Treasury

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Madison AdamsTM

84 E Ridgewood Ave, Suite 201
Ridgewood, NJ 07450
201 760-1100 (office)
201 760-1102 (fax)
office@madisonadams.com