Date
Details
Price
Change
Source
12/11/2025
Listed
$999,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
This 5-unit mixed-use building features a long-standing liquor store/bar on the ground floor, providing stable commercial income with strong visibility along Market Street. Above the retail space are four residential apartments: two 2-bedroom units and two 1-bedroom units. One of the 2 -bedroom apartments will be vacant as of 4/1/2026, offering a valuable chance for renovation and immediate rent upside. Of the three remaining residential units, one has already been updated, while the others present significant value-add potential for an investor looking to modernize and increase long-term returns. ALL SEPARATE UTILITIES! The building layout is efficient, and the mixed-use configuration appeals to renters seeking convenience near transportation, shopping, and local businesses. With consistent demand in the area, this property provides a solid base of income today with substantial room to improve performance over time. Ideal for hands-on owners or investors seeking growth in an evolving urban market. Property is being sold strictly as-is.
Full Property Details
Full Property Details for 89 Market St
General
- Price: $999,999
- Taxes: $18,545 (2024)
- Status: Active
- Type: Retail
- Source: Garden_State
- MLS ID: 4001289
- Updated: 12/12/2025
- Added to Site: 75 day(s) ago
Business
- Includes: Building & Land
Rooms
Bathrooms
- Total Bathrooms: 5
- Restrooms: 5
Additional Information
- Equipment: Appliances
Parking
- Parking: None
Location
- County: Passaic
- Driving Directions: GPS 89 Market St. Paterson
- Location Details: Business District
Heating & Cooling
- Cooling Type: Window A/C(s)
- Heating Type: 4+ Units, Baseboard - Hotwater
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Natural Gas
Structural Information
- Construction: Brick/Block, Wood
- Exterior Const.: Brick/Block
- Basement: Yes
- Basement Desc.: Bilco-Style Door, Full, Storage, Unfinished
- Roof: Flat, Rubberized
- Ceiling Height: 9
- Loading: None
- Stories in Building: 3
- Square Feet: 4,744
- Previous Bldg. Use: Liquor Store/Bar plus 4 Reside
- Year Built: 1910
Unit Information
- 1 Bedroom Units: 2
- 2 Bedroom Units: 2
Lot Features
- Lot Size (Acres): 0.06
- Lot Size: 25X113
- Permitted Use: Retail, Multi-Family, Rest/Bars, Professional, etc
- Zoning: B-4
- Lot Description: Level Lot
Financial Considerations
- Price Per Sq. Ft.: $210
- Expenses: Gas/Oil, Insurance, Maintenance - Exterior, Maintenance - Interior, Taxes, Trash, Water/Sewer
- Operating Expenses: $31,042
- Assessment Amount: $364,000
- Land Assmt: $136,300
- Tax Amount: $18,545
- Tax Year: 2024
- Pays Utilities: Tenant
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: Income & Expenses, Leases
- APN: 2508-04605-0000-00011-0000-
- Block: 4605
- Lot Number: 11
Listed by Serhant New Jersey Llc
We Value Your Privacy
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We Value Your Privacy
Listing agent
— 89 Market St —
Serhant New Jersey Llc
973-461-3118
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 89 Market St
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 89 Market St
Tax History
Tax History for 89 Market St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$18,546
-9%
$364,000
—
2023
$20,298
6%
$364,000
-12%
2022
$19,218
4%
$414,000
—
2021
$18,531
9%
$414,000
5%
2018
$17,057
—
$394,300
-5%
2019
$17,115
4%
$414,000
5%
2017
$16,403
-6%
$394,300
-2%
2016
$17,399
6%
$401,000
—
2015
$16,473
66%
$401,000
17%
2013
$9,933
—
$342,000
—
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 89 Market St
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Sold by Smart Realty, Inc.
89 Market St, Paterson, NJ 07505 (MLS# 4001289) is a Retail property. 89 Market St is currently listed for $999,999 and was received on December 11, 2025. Want to learn more about 89 Market St? Do you have questions about finding other Retail real estate for sale in Paterson? You can browse all Paterson real estate or contact a Coldwell Banker agent to request more information.