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Susan Maryanski

Operator | Opulent Living | Keller Williams City Life

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4 Market St , Passaic, NJ 07055
$865,000
Est. Payment: $4,402.16/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 167
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Susan Maryanski
Operator

House Description

High-performing mixed-use investment property offering an over 8% cap rate in a prime redevelopment zone with exceptionally low taxes. This stabilized asset provides immediate cash flow with long-term upside. The first floor features a busy 2,600 sq ft restaurant/event hall with seating for up to 120 patrons, central air, forced air heat, and a full-length open basement currently used by the commercial tenant. The second floor includes two 2-bedroom, 1-bath residential units, each with living and dining rooms. Both apartments were fully renovated in 2018 and feature forced hot air heating. The entire building was completely renovated in 2018, including roof, plumbing, electrical, and all units, with all work completed to code minimizing near-term capital expenditures. All three units have separate utilities. Current rents are $4,500 (commercial) and $1,600 each for the residential units, with apartments rented below market value, presenting a clear value-add opportunity. Residential leases expire April and May 2026, allowing for future rent repositioning. Property is fully occupied with strong tenants. Located within a redevelopment zone, this property offers multiple exit strategies including continued cash-flow ownership, rent optimization, or future redevelopment. Ideal for investors seeking a turn-key, income-producing asset with upside potential in a growing area.

Highlights

Listed by Jose Perez , (973) 943-3321 Howard Hanna Rand Realty , 973-694-6500. New Jersey Multiple Listing Service mls logo

Property Type

Commercial Sale

County

Passaic

Area

Passaic

Listing ID

26003807

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Interior Features

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

Exterior Features

Principal Interest
$4,402
Taxes
$717

Home Price

$865,000

Loan Details

30 yrs
6.562%

Down Payment

20%
$173,000
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:
$4,402.16

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,402.16 $717.00 $0.00 $5,119.16
Yearly $52,825.98 $8,604.00 $0.00 $61,429.98
Total $1,584,779.27 $258,120.00 $0.00 $1,842,899.27

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: 2026-07-21T22:02:17.700Z

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