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$1,598,000

  • For Sale
  • Active
  • Commercial
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Spacious mixed-use investment opportunity located in the heart of vibrant downtown Paterson. This over 9,000 sq ft building features seven total units, including three 3-bedroom apartments, three 2-bedroom apartments, and a large street level storefront with excellent visibility and foot traffic.The property offers strong income potential, with projected rents of up to $20,000 per month. Ideal for investors seeking a high-yield asset in a growing commercial corridor, close to public transportation, shops, restaurants, and major highways.The storefront is currently vacant, presenting a prime opportunity for an owner-user to operate their own business while collecting rental income from the residential units, or for an investor to secure a substantial income producing property in a prime location.

Full Property Details for 83 Broadway

General

  • Price: $1,598,000
  • Taxes: $33,438 (2024)
  • Status: Active
  • Type: Commercial
  • Source: Garden_State
  • MLS ID: 4008801
  • Updated: 2/8/2026
  • Added to Site: 55 day(s) ago

Business

  • Includes: Building Only

Rooms

Bathrooms

  • Total Bathrooms: 7
  • Restrooms: 7

Additional Information

  • Equipment: See Remarks

Parking

  • Parking: On-Street Parking

Location

  • County: Passaic
  • Driving Directions: Google Maps
  • Location Details: Business District, Residential Area

Heating & Cooling

  • Cooling Type: No Cool
  • Heating Type: 4+ Units
  • Heating Fuel: Natural Gas

Utilities

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

Structural Information

  • Construction: Brick/Block
  • Exterior Const.: Brick/Block
  • Basement: Yes
  • Basement Desc.: Full
  • Roof: Flat
  • Stories in Building: 4
  • Square Feet: 9,100
  • Aprox. Leasable: 9,100 Sq. Ft.
  • Remodeled/Updated: 2021

Unit Information

  • 2 Bedroom Units: 3
  • 3 Bedroom Units: 3
  • Units w/Full Bath: 7

Lot Features

  • Lot Size (Acres): 0.05
  • Lot Size: 25X92
  • Zoning: B-4

Financial Considerations

  • Price Per Sq. Ft.: $175
  • Assessment Amount: $656,300
  • Land Assmt: $111,600
  • Tax Amount: $33,438
  • Tax Year: 2024
  • Pays Utilities: Tenant

Disclosures and Reports

  • Ownership: Fee Simple
  • Documents Avail.: No Documents Available
  • APN: 2508-03709-0000-00008-0000-
  • Block: 3709
  • Lot Number: 8

Listed by Essential Real Estate

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Listing agent

— 83 Broadway —

  • Essential Real Estate

973-860-7018

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 83 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 83 Broadway Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/08/2026
Listed
$1,598,000
38.96%
MLS
9/09/2021
Sold
$1,150,000
—
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 83 Broadway

Year
Property Taxes
Change
Tax Assessment
Change
2024
$33,438
4%
$656,300
—
2023
$32,178
6%
$656,300
—
2022
$30,465
11%
$656,300
—
2020
$27,401
1%
$656,300
—
2019
$27,131
—
$656,300
5%
2018
$27,038
4%
$625,000
—
2017
$26,000
-12%
$625,000
-8%
2016
$29,609
6%
$682,400
—
2015
$28,033
73%
$682,400
55%
2013
$16,195
—
$440,200
—
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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with our affiliated lender
NMLS#: 1598647

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Listed by Essential Real Estate

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83 Broadway, Paterson, NJ 07505 (MLS# 4008801) is a Commercial property. 83 Broadway is currently listed for $1,598,000 and was received on February 08, 2026. Want to learn more about 83 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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