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Susan Maryanski

Operator | Opulent Living | Keller Williams City Life

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106-108 N 8th St , Paterson City, NJ 07522
$1,090,000
Est. Payment: $5,613.53/mo
0 Bed
3 Bath
4008 Sqft
Status: Active | Days on site: 132
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3400 - 306325
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Susan Maryanski
Operator

House Description

Exceptional High-Yield Multifamily Opportunity Less Than 20 Miles from Times Square. Located in a high-demand commuter corridor in Paterson, NJ, is this robust 6 residential-unit income property. Built for operational efficiency and low vacancy, this two-story building features an ideal, uniform asset mix of six spacious 2-bedroom, 1-bath units.Capital expenditure and risk are heavily mitigated by having three units which have already been recently renovated with modern finishes. Which will command top-of-the market rents and secure premium, long-term tenants. A shared driveway leads to approximately 5 private, off-street parking spaces a massive tenant draw that minimizes turnover in this dense urban market. Additionally, the property is equipped with an advanced 22-camera security system, delivering unparalleled remote operational oversight, liability protection, and enhanced tenant safety. Whether expanding a portfolio or executing a 1031 exchange, this asset delivers immediate cash flow, ease of management, and long-term equity growth in a resilient, transit-oriented market. Turnkey infrastructure with strong fundamentals schedule your acquisition tour today.

Highlights

Listed by GEO KUMETZ , MP COREY J SCHNEIDER , 973-472-3909. Garden State MLS

Property Type

Commercial Sale

Lot/Acreage
0.17

Year Built

1954

County

Passaic

Listing ID

4016392

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:3
  • Full Bathrooms:
  • 1/2 Bathrooms:6
Air Cond:Window A/C(s)
Fireplaces:
Basement:Full,Storage
Water:Public Water

Exterior Features

Lot Dimensions:50 X 100
Garage Capacity:6
Zoning:Multi-family
Roof:Asphalt Shingle, See Remarks
Others:
  • Additional:Concrete, See Remarks, Vinyl Siding, Wood
Sewer:Public Sewer
Parking Features:1 Car Width,Hard Surface,Off-Street Parking,On-Street Parking
Principal Interest
$5,614
Taxes
$1,886

Home Price

$1,090,000

Loan Details

30 yrs
6.677%

Down Payment

20%
$218,000
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:
$5,613.53

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,613.53 $1,886.33 $0.00 $7,499.86
Yearly $67,362.32 $22,636.00 $0.00 $89,998.32
Total $2,020,869.66 $679,080.00 $0.00 $2,699,949.66

Today's Rates

30 Year

6.68%

20 Year

6.59%

15 Year

6.04%

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Market insight data is pulled from the same city as the listing being viewed (Paterson City, 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.

Information provided by Garden State MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-09-05T10:59:24.000Z

© 2026 Garden State MLS