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Susan Maryanski

Operator | Opulent Living | Keller Williams City Life

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285 Monroe St , Passaic, NJ 07055
$2,500,000
Est. Payment: $12,723.02/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 72
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Susan Maryanski
Operator

House Description

A Prime Mixed-Use Redevelopment Opportunity Positioned along the active Monroe Street corridor, 281–285 Monroe Street presents a rare mixed-use asset with significant redevelopment upside in one of Passaic’s steadily evolving urban submarkets. Surrounded by residential buildings, neighborhood retail, and established commercial activity, the property sits within a proven corridor benefiting from ongoing reinvestment and rising investor demand. This is a true value-add redevelopment site, ideal for developers seeking to unlock long-term value through repositioning, increased density, or ground-up redevelopment. The existing mixed-use configuration offers interim income potential, while the underlying value is driven by the site’s land position and redevelopment potential supported by local zoning. The immediate area features strong pedestrian traffic, daily convenience retail, and proximity to major transportation routes, offering seamless connectivity to Northern New Jersey employment hubs and direct access to New York City. As Passaic continues targeted revitalization along key corridors, Monroe Street remains a focal point for infill development and urban renewal, reinforcing long-term growth fundamentals and investor confidence. An exceptional opportunity for developers focused on scale, density, and long-term urban value creation.

Highlights

Listed by Joseph Aziz , (201) 708-5067 Prestige Property Group - Montclair , 973-860-7595. New Jersey Multiple Listing Service mls logo

Property Type

Mixed Use

County

Passaic

Area

Passaic

Listing ID

26015228

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Roof:O/See Rmrks
Principal Interest
$12,723
Taxes
$893

Home Price

$2,500,000

Loan Details

30 yrs
6.562%

Down Payment

20%
$500,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$12,723.02

Principal

Taxes

Principal Taxes HOA Total
Monthly $12,723.02 $892.75 $0.00 $13,615.77
Yearly $152,676.23 $10,713.00 $0.00 $163,389.23
Total $4,580,286.89 $321,390.00 $0.00 $4,901,676.89

Today's Rates

30 Year

6.56%

20 Year

6.5%

15 Year

6%

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Market insight data is pulled from the same city as the listing being viewed (Passaic, NJ).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-07-21T23:39:14.400Z

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