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$1,650,000
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Property Description
Shovel-ready development opportunity in Paterson fully approved for a 28-unit residential project with 46 parking spaces - valuable 30-year tax abatement in place. Ideally located near major shopping, transportation, hospital, schools, and houses of worship. A prime turnkey investment for builders and developers ready to break ground. Close to highways, shopping, schools, transportation. Taxes are on LAND only - PLANS AND RESOLUTION AVAILABLE UPON REQUEST
Full Property Details
Full Property Details for 540 Broadway
General
- Price: $1,650,000
- Taxes: $8,370 (2025)
- Status: Active
- Type: Lots/Land
- Source: Garden_State
- MLS ID: 4019878
- Updated: 4/10/2026
- Added to Site: 77 day(s) ago
Location
- County: Passaic
- Driving Directions: BROADWAY CORNER OF E 24TH ST
- Total Lots Available: 1
Utilities
- Sewer: Public Sewer in Street
- Water: Public Water in Street
Lot Features
- Lot Size (Acres): 0.31
- Lot Size: 125X108
- Street/Road Desc.: See Remarks
- Present Use: Vacant/Unimproved
- Zoning: See Remarks
Financial Considerations
- Assessment Amount: $156,900
- Land Assmt: $156,900
- Tax Amount: $8,370
- Tax Year: 2025
Disclosures and Reports
- Surveyed: Yes
- Block: 3804
- Lot Number: 2
Listed by Nicholas Real Estate Agency
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Schools
Schools serving 540 Broadway
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 540 Broadway
Date
Details
Price
Change
Source
4/10/2026
Listed
$1,650,000
—
MLS
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 540 Broadway
Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,994
10%
$156,900
—
2022
$7,283
4%
$156,900
—
2021
$7,023
3%
$156,900
—
2018
$6,787
5%
$156,900
—
2019
$6,486
-1%
$156,900
—
2017
$6,527
-4%
$156,900
—
2016
$6,808
6%
$156,900
—
2015
$6,445
50%
$156,900
—
2013
$4,311
—
$157,100
—
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 540 Broadway
540 Broadway, Paterson, NJ 07514 (MLS# 4019878) is a Lots/Land property with a lot size of 0.31 acres. 540 Broadway is currently listed for $1,650,000 and was received on April 10, 2026. Want to learn more about 540 Broadway? Do you have questions about finding other Lots/Land real estate for sale in Paterson? You can browse all Paterson real estate or contact a Coldwell Banker agent to request more information.

