NJ
Passaic
Paterson City
07502
81-85 Berkshire Ave
81-85 Berkshire Ave, Paterson City, NJ 07502
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Listing Type
Commercial/Industrial
Listing Status
Active
9
$2,250,000

Home Details for 81-85 Berkshire Ave

Price
$2,250,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1900
Lot size acres
0.16
County
Passaic
Garage
Days on site
0
MLS Listing#
3995236
Property Description

Portfolio offering: 81?85 Berkshire Ave, Paterson?three adjacent mixed-use buildings sold together. The property combines one ground-floor commercial storefronts with seven apartments above (one-, two- and three-bedroom layouts), delivering diversified income in a neighborhood setting near shopping, bus lines, and major roadways. Buildings are currently occupied with staggered lease expirations, supporting near-term stability. Operations are efficient with primarily tenant-paid utilities; ownership provides cold water. Off-street parking is available via assigned spaces and on-site driveways. Attractive value-add upside exists over time through mark-to-market as leases roll, retail optimization, and potential conversion from 1 commercial unit to a residential. A compelling North Jersey infill asset for long-term hold or 1031 exchange.

Property Features
  • Water Features
    • Public
  • Utilities
    • Natural Gas Available
  • Parking
    • Off Street
Listing Courtesy: REAL - 855-450-0442
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EXIT PLATINUM REALTY
200 Claremont Ave, Montclair, NJ 07042
John Johnson III
Franchisee
Office
973 746 4777
Agent
908 338 0639
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