Paterson, NJ Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Paterson, New Jersey Market population: 146K. Browse multifamily, office, retail, industrial, and mixed-use investment...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Paterson NJ Properties: 4.6400%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Paterson NJ
Common questions from investors exploring commercial real estate in Paterson NJ.
What is the overall investment potential of Paterson, NJ, considering its demographic and economic factors?
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The city's median household income of $32,707, combined with a poverty rate of 26.9% and a health insurance coverage of 79.5%, suggests a working-class market with some employment stability. The top industries, including Public Administration and Construction, indicate a diverse economy, while the Hispanic, White, and Other ethnicities contribute to a culturally rich community.
How does the commute time and transportation infrastructure impact the quality of life for residents and potential renters in Paterson?
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The average commute time of 23.4 minutes, with top commute methods including Drove Alone, Carpooled, and Public Transit, indicates a relatively convenient transportation system. This, paired with a health insurance coverage rate of 79.5%, suggests a stable and accessible environment for residents, making it an attractive option for potential renters.
What are the key factors to consider when evaluating the housing market in Paterson, NJ?
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The median property value of $278,400, median property taxes of $11,901, and a homeownership rate of 26.5% provide insight into the housing market. Additionally, the poverty rate of 26.9% and the gini coefficient of 0.479 suggest income inequality, which may impact the rental market and tenant quality.
How does the ethnic diversity and industry landscape of Paterson influence the demand for housing and rentals?
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The city's ethnic diversity, with top ethnicities including Hispanic, White, and Other, contributes to a vibrant community. The top industries, such as Public Administration, Construction, and Finance & Insurance, create a diverse economy, which can drive demand for housing and rentals, particularly among young professionals and families.
What is the overall assessment of Paterson, NJ as a real estate investment opportunity, considering its various demographic and economic factors?
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The combination of a median household income of $32,707, a poverty rate of 26.9%, and a health insurance coverage rate of 79.5% suggests a working-class market with some employment stability. The city's diverse economy, ethnic diversity, and relatively convenient transportation system make it an attractive option for real estate investment, particularly for those targeting the rental market.
Paterson NJ Real Estate & City Facts
Key facts and real estate information about Paterson NJ.
What are some of the best neighborhoods to live in Paterson?
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Some of the best neighborhoods to live in Paterson include Hillcrest, Lakeview, and South Paterson. Hillcrest is a residential area near the Totowa border with higher prices but an established community. Lakeview is a top pick for transit enthusiasts, and South Paterson offers cultural richness and competitive pricing. Additionally, neighborhoods like Paterson Falls and Park Ave are also considered desirable places to live.
What are some fun things to do in Paterson?
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There are plenty of fun things to do in Paterson, including visiting the Paterson Great Falls National Historical Park, exploring the Paterson Museum, and checking out the Lambert Castle. You can also visit the Hinchliffe Stadium, Washington Market, and Garret Mountain Reservation. If you're looking for more ideas, consider visiting the American Labor Museum or taking a stroll through the South Paterson neighborhood.
What is the food scene like in Paterson?
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The food scene in Paterson is diverse and vibrant, with a variety of restaurants serving different cuisines. You can find Turkish, Iraqi, Syrian, Lebanese, and Palestinian restaurants on Main Street, recently renamed Palestine Way. Some popular restaurants include Cafe Bubamara, Al-Basha, and The Barrow House. There are also plenty of great food trucks and cafes throughout the city, offering everything from traditional Middle Eastern dishes to modern American cuisine.
What are the pros and cons of living in Paterson?
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The pros of living in Paterson include its diverse community, rich history, and vibrant cultural scene. The city is also home to many beautiful parks and outdoor spaces, including the Paterson Great Falls National Historical Park. However, some cons of living in Paterson include higher crime rates in certain neighborhoods and a higher cost of living compared to some other cities in New Jersey. Additionally, traffic and parking can be a challenge in some areas of the city. Overall, Paterson is a great place to live for those who value diversity, culture, and community.
Is Paterson a good place to live?
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Paterson can be a great place to live for the right person. While it has its challenges, the city offers a unique blend of culture, history, and community that can be hard to find elsewhere. The city is also home to many beautiful parks and outdoor spaces, and its diverse food scene is a major draw for foodies. However, it's worth doing your research and visiting the city before making a decision about whether it's the right place for you to call home. With its rich history, vibrant cultural scene, and diverse community, Paterson is definitely worth considering for anyone looking for a new place to live.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Paterson NJ Commercial Property: $32,707
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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