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$600,000

  • For Sale
  • Active
  • Commercial
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Amazing Mixed-Use Investment Opportunity in the Heart of Downtown Paterson!This well-maintained mixed-use property offers strong cash flow and an impressive 10.2% cap rate, making it ideal for both investors and owner-occupants. Ground Floor: Fully operational bar/liquor store, generating steady commercial income. First Floor Apartment: Recently updated with a spacious living room, modern kitchen, 2 generously sized bedrooms, and a full bathroom Second Floor Apartment: Features a large living room, kitchen, 2 bedrooms, a full bathroom, plus a bonus finished attic with an additional full bathroomKey Upgrades: New Roof, Tankless energy-efficient hot water heater ,Baseboard heating Located in a high-traffic area of downtown Paterson, close to transit, shops, and restaurants. This is a rare chance to own a high-yielding, turn-key asset in a growing market

Full Property Details for 119 W Broadway

General

  • Price: $600,000
  • Taxes: $13,598 (2024)
  • Status: Active
  • Type: Commercial
  • Source: Garden_State
  • MLS ID: 3964696
  • Updated: 12/5/2025
  • Added to Site: 242 day(s) ago

Business

  • Includes: Building & Land

Rental Information

  • Lease/Rent Term: Gross
  • Lease Includes: Sewer, Taxes, Water
  • Lease Terms: Month-To-Month

Interior

  • Flooring: Tile, Vinyl-Linoleum, Wood

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Restrooms: 4

Additional Information

  • Equipment: Kitchen Area

Parking

  • Parking: None

Location

  • County: Passaic
  • Driving Directions: NJ 19 to Cianci to W Broadway
  • Location Details: Business District

Heating & Cooling

  • Cooling Type: No Cool
  • Heating Type: 2 Units, Baseboard - Hotwater
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: Gas In Street

Structural Information

  • Construction: Brick/Block
  • Exterior Const.: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Bilco-Style Door, Unfinished
  • Roof: Flat
  • Ceiling Height: 9
  • Loading: None
  • Stories in Building: 3
  • Square Feet: 3,235
  • Remodeled/Updated: 2021

Unit Information

  • 1 Bedroom Units: 2
  • 2 Bedroom Units: 3

Lot Features

  • Lot Size (Acres): 0.04
  • Lot Size: 23X74
  • Zoning: Commercial
  • Lot Description: Level Lot

Financial Considerations

  • Expenses: Electricity, Insurance, Maintenance - Interior, Taxes, Water/Sewer
  • Operating Expenses: $29,360
  • Assessment Amount: $266,900
  • Land Assmt: $26,400
  • Tax Amount: $13,598
  • Tax Year: 2024
  • Owner Pays: Sewer, Water
  • Tenant Pays: Electric, Heat, Hot Water, Maintenance-Common Area, Maintenance-Lawn, Snow Removal

Disclosures and Reports

  • Ownership: Fee Simple
  • Documents Avail.: Income & Expenses, Leases
  • APN: 2508-00605-0000-00008-0000-
  • Block: 605
  • Lot Number: 8

Listed by C-21 Gemini, Llc.

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Listing agent

— 119 W Broadway —

  • C-21 Gemini, Llc.

973-744-2700

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 119 W Broadway

School District:Paterson City School District
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 119 W Broadway Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/23/2025
Price Reduced
$600,000
-7.69%
MLS
10/01/2025
Price Reduced
$650,000
-10.34%
MLS
5/21/2025
Listed
$725,000
107.14%
MLS
12/14/2022
Sold
$350,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 119 W Broadway

Year
Property Taxes
Change
Tax Assessment
Change
2024
$13,599
10%
$266,900
—
2022
$12,390
4%
$266,900
—
2021
$11,946
8%
$266,900
—
2019
$11,034
6%
$266,900
11%
2018
$10,382
10%
$240,000
5%
2017
$9,476
-4%
$227,800
—
2016
$9,884
6%
$227,800
—
2015
$9,358
12%
$227,800
-25%
2013
$8,358
—
$304,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by C-21 Gemini, Llc.

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119 W Broadway, Paterson, NJ 07522 (MLS# 3964696) is a Commercial property. 119 W Broadway is currently listed for $600,000 and was received on May 21, 2025. Want to learn more about 119 W Broadway? Do you have questions about finding other Commercial real estate for sale in Paterson? You can browse all Paterson real estate or contact a Coldwell Banker agent to request more information.

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