156-158 North 1st Street - Residential LAND FOR SALE


Paterson, NJ 07522- Downtown Paterson19,711 SF
$1,950,000 USD
732-750-3000
156-158 North 1st Street, Paterson, NJ for Sale
$1,950,000 USD
Residential LAND - FOR SALE
1/2
19,711 SF

156-158 North 1st Street
Paterson, NJ 07522
Downtown Paterson


HIGHLIGHTS

  • Paterson has given an annual tax savings of $150,000 for 20-30 years through the redevelopment tax abatement the city offers for this site.
  • Elevator and laundry room
  • Garage with 38 spaces
  • 38 tandem parking spaces
  • Amenity space
  • Bike storage

OVERVIEW

The site has plans for a four-story building with 44 residential units and 1,331 SF of commercial space. Paterson is a historic industrial city in northern New Jersey, located about 20 miles northwest of New York City. Paterson has an economy shaped by its industrial history and its current role as a dense urban center in northern New Jersey near the larger New York City metropolitan area. Paterson’s modern economy is based on a mix of small businesses, retail, food distribution, healthcare, transportation and light manufacturing. Redevelopment efforts aim to attract tourism, housing investment and new businesses. The site is conveniently located near public transportation offering easy access to NYC.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/ACRE

$4,309,373/AC

PRICE/SF

$99 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Retail, Multi-Family, Apartment Units

LAND ACRES

0.45 AC

LAND SF

19,711 SF

OFFSITE IMPROVEMENTS

-

ZONING

1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Davis BrionesThe Kislak Company, Inc.More Info
732-750-3000

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Davis BrionesThe Kislak Company, Inc.More Info
732-750-3000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.