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10 Beds
8 Baths
3,513 sqft

$1,249,999

122 16Th Ave, Paterson City NJ, 07501

Price per sqft$355.82
Built in1925
Property size3,513 sqft
Property typeMulti-family

Overview

Active

Listed Jun 12, 2026

Updated 3 days ago

Attention Investors & Developers: Bring your vision to this high-upside 6-unit mixed-use property situated in a desirable RA-2 zoning redevelopment district [1.1], positioning you for potential tax advantages and massive future development potential [1.1]. The property features two commercial storefronts seamlessly combined into one spacious commercial space perfectly setup as a restaurant kitchen with extensive fridge/freezer storage alongside four residential units, including two newly renovated luxury 3-bedroom apartments, one freshly refreshed 2-bedroom apartment, and a final 2-bedroom unit. Delivered as a blank canvas value-add asset, this property is the perfect opportunity for a developer or investor looking to optimize the space from day one and build for the future.

$8,316/mo

Est. mortgage payment based on a $1,249,999 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
4034158

Interior Features

Bedrooms
10
Bathrooms
8
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.03 Acres

Other Property Details

Taxes
$20,481
Tax Frequency
Annually
55+/Senior Community
No

Courtesy of KELLER WILLIAMS MID-TOWN DIRECT with MENACHEM SILBERMAN,
Listing Contact: 9737625400 

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