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Listed with Mordy Abelesz | 347-243-7060, EXP Realty, LLC
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Income producing 7 unit corner property located at 62-64 Lafayette Street in Paterson, set on an oversized 50x100 lot with on site parking. This fully detached three story building offers a strong unit mix of one and three bedroom apartments, appealing to a wide range of tenants. All units have been renovated in recent years, providing solid in place income with minimal immediate capital needs. Tenants pay their own utilities, helping maintain efficient operating expenses. Currently delivering over an 8% cap rate with additional upside potential, this property presents a strong investment opportunity. Conveniently located near public transportation, shopping, schools and much more!
| DAYS ON MARKET | 1 | LAST UPDATED | 3/27/2026 |
|---|---|---|---|
| YEAR BUILT | 0 | COUNTY | PASSAIC |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Gas |
|---|---|
| AIR CONDITIONING | Yes |
| HEAT | Central, Natural Gas |
| TAXES | 16047 |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Sotheby's are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Last date updated: 3/28/26 11:13 AM PDT Source: New Jersey Multiple Listing, Inc.
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