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$799,000
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Property Description
Location, Location, Location! Exceptional investment opportunity on a highly visible corner lot at Park Avenue and East 33rd Street. This mixed-use property features two spacious residential units, each offering 5 bedrooms and 1 full bath, providing tremendous rental income potential. The first floor consists of a large vacant commercial space that previously operated as a laundromat, offering endless possibilities for redevelopment, owner occupancy, or potential business use. Buyers are encouraged to perform their own due diligence regarding permitted uses and any prior grandfathered approvals.The entire property is delivered vacant, making it ideal for investors, business owners, or owner-occupants seeking flexibility and value-add potential.Conveniently located near schools, parks, shopping, public transportation, and major highways. sold strictly as-is.
Full Property Details
Full Property Details for 523 Park Ave
General
- Price: $799,000
- Taxes: $4,972
- Status: Active
- Type: Commercial
- Source: NJMLS
- MLS ID: 26026928
- Updated: 7/16/2026
- Added to Site: 57 day(s) ago
Location
- Area: Paterson
- County: PASSAIC
Structural Information
- Architectural Style: Res/Com Mixed
- Roof: Asphalt
- Year Built: 1940s
Financial Considerations
- Tax Amount: $4,972
- Owner Pays: Common Area
Listed by Realty Empire, LLC (973) 510-2260, Christopher Varela (973) 510-2260
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Schools
Schools serving 523 Park Ave
School District:Paterson City School District
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions 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
6/17/2026
Listed
$799,000
21.06%
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
2025
$4,972
—
$687,000
637%
2025
$4,972
9%
$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 Avenue, Paterson, NJ 07504 (MLS# 26026928) is a Commercial property. 523 Park Avenue is currently listed for $799,000 and was received on June 17, 2026. Want to learn more about 523 Park Avenue? 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.

