973-715-8385
199-201 Market Street, Paterson, NJ for Sale
Apartments - FOR SALE
1/8
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199-201 Market Street
Paterson, NJ 07505
Downtown Paterson


HIGHLIGHTS

  • Current Tenants: Club Caribe, Classic Furniture, Tijuana Bar & Grill
  • Property Tax: $1,973.05/Unit (2024)

OVERVIEW

199–201 Market Street is an inline mixed-use building located in the heart of Downtown Paterson, New Jersey. The property totals approximately 14,661 square feet and is situated along Market Street, one of the city’s primary commercial corridors, benefiting from strong vehicular traffic and dense surrounding retail activity. The building is currently occupied by a mix of local retail and restaurant tenants, including Club Caribe, Classic Furniture, and Tijuana Bar & Grill, providing in-place income within a vibrant urban setting. Zoned B-4 Central Business District, the property offers flexibility for a range of commercial and mixed-use applications. Surrounded by national and regional retailers such as Dunkin’, Marshalls, Chase, and Popeyes, the asset is well-positioned within an established retail node. The area is supported by strong traffic counts and a sizable residential population, with over 136,000 residents within a 1.5-mile radius. This offering presents an opportunity to acquire a prime urban mixed-use asset in a high-density, walkable downtown location.

FOR SALE DETAILS

PRICE

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# OF UNITS

5

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1954

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

B-4

APN/PARCEL ID

08-04405-0000-00028

ASK ABOUT THIS PROPERTY

Marta VillaCBREMore Info
973-715-8385

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Marta VillaCBREMore Info
973-715-8385

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