81-85 Berkshire Avenue, Paterson, NJ 07502
Local realty services provided by:Better Homes and Gardens Real Estate Maturo
81-85 Berkshire Avenue,Paterson, NJ 07502
$2,250,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by:andres ospina
Office:real
MLS#:25038305
Source:NJ_MLS
Price summary
- Price:$2,250,000
About this home
Portfolio offering: 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 on-site 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 . A compelling North Jersey infill asset for long-term hold or 1031 exchange.
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Home facts
- Listing ID #:25038305
- Added:1 day(s) ago
- Updated:October 31, 2025 at 03:22 PM
Finances and disclosures
- Price:$2,250,000
- Tax amount:$31,272
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