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$879,900
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Property Description
**LOW TAXES--4895**Mixed-Use Building Offers Fantastic Income Potential And Is Situated On A Corner Lot For Maximum Visibility And Accessibility. Each Residential Unit Features 5 Bedrooms, New Kitchen, Living Rm And Updated Bath. Perfect For Large Households Or High-Yield Rental. First Floor Is A Commercial Space With Street-Level Access For Office Or Service Based Business. Large Unfinished Basement. Excellent Exposure On A Busy Corner With Plenty Of Foot Traffic. Updated Interiors Reduce Maintenance Costs. Mixed-Use Zoning Offers Flexibility And Long-Term Value. Easy Access To Highways, Transportation, Shopping & Local Amenities. Two New Furnaces & 2. New Stoves to Be Installed
Full Property Details
Full Property Details for 523 Park Ave
General
- Price: $879,900
- Taxes: $4,895 (2025)
- Status: Active
- Type: Office
- Source: Garden_State
- MLS ID: 3996245
- Updated: 11/5/2025
- Added to Site: 74 day(s) ago
Business
- Includes: Building Only
Rooms
Bathrooms
- Total Bathrooms: 3
- Restrooms: 3
Additional Information
- Equipment: Smoke Detector
Parking
- Parking: See Remarks
Location
- County: Passaic
- Driving Directions: Route 20 to 33rd to Park
- Location Details: Freestanding
Heating & Cooling
- Cooling Type: See Remarks
- Heating Type: 3 Units
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Natural Gas
Structural Information
- Construction: See Remarks
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: Composition Shingle
- Stories in Building: 1
- Year Built: 1939
Unit Information
- 1 Bedroom Units: 5
- 2 Bedroom Units: 5
Lot Features
- Lot Size (Acres): 0.04
- Lot Size: 25X71
- Zoning: B-1
- Lot Description: Corner
Financial Considerations
- Assessment Amount: $93,200
- Land Assmt: $48,800
- Tax Amount: $4,895
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: No Documents Available
- APN: 2508-08605-0000-00010-0000-
- Block: 8605
- Lot Number: 10
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
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Schools
Schools serving 523 Park Ave
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 523 Park Ave
Date
Details
Price
Change
Source
11/05/2025
Listed
$879,900
33.32%
MLS
3/19/2025
Sold
$660,000
—
Public Record
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
Tax History for 523 Park Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,749
4%
$93,200
—
2023
$4,570
6%
$93,200
—
2022
$4,326
4%
$93,200
—
2021
$4,172
8%
$93,200
—
2019
$3,853
-33%
$93,200
-30%
2018
$5,749
12%
$132,900
8%
2017
$5,142
-4%
$123,600
—
2016
$5,363
6%
$123,600
—
2015
$5,077
-55%
$123,600
-70%
2013
$11,278
—
$411,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 523 Park Ave
523 Park Ave, Paterson, NJ 07504 (MLS# 3996245) is a Office property. 523 Park Ave is currently listed for $879,900 and was received on November 05, 2025. This property is listed by Mary Contini from our Wayne Office.Want to learn more about 523 Park Ave? Do you have questions about finding other Office real estate for sale in Paterson? You can browse all Paterson real estate or contact a Coldwell Banker agent to request more information.


