81-85 Berkshire Ave - Storefront Retail/Residential FOR SALE


Paterson, NJ 07502- Hillcrest
$2,250,000 USD
855-450-0442
81-85 Berkshire Ave, Paterson, NJ for Sale
$2,250,000 USD
Storefront Retail/Residential - FOR SALE
1/11
null | Request Cap Rate

81-85 Berkshire Ave
Paterson, NJ 07502
Hillcrest


OVERVIEW

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 .

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$407 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,979 SF

ZONING

R-1

APN/PARCEL ID

08-01610-0000-00008,08-01610-0000-00009,08-01610-0000-00010

ASK ABOUT THIS PROPERTY

Andres OspinaReal Broker, LLCMore Info
855-450-0442

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Andres OspinaReal Broker, LLCMore Info
855-450-0442

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