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.
Active
$1,249,999
122 16Th Ave #0, Paterson City, NJ 07501
--beds
0baths
3,513sqft
Apartment
Built in 1925
-- sqft lot
$-- Zestimate®
$356/sqft
$-- HOA
What's special
- 84 days
- 41
- 3
Zillow last checked:
Listing updated:
Listed by:
Menachem Silberman 848-354-3563,
Keller Williams Mid-Town Direct
Source: GSMLS,MLS#: 4034154
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- 4+ Units, Natural Gas
Cooling
- See Remarks
Features
- Doors: Max Door Height: 0
- Basement: Yes,Finished
Interior area
- Total structure area: 3,513
- Total interior livable area: 3,513 sqft
Property
Parking
- Parking features: On-Street Parking
- Has uncovered spaces: Yes
Features
- Stories: 3
Lot
- Size: 1,306 Square Feet
- Dimensions: 25 x 60
- Features: Business District, Corner
Details
- Parcel number: 2508043190000000120000
- Zoning description: RA-2
Construction
Type & style
- Home type: Apartment
- Property subtype: Apartment
- Attached to another structure: Yes
Materials
- Brick/Block, Vinyl Siding
- Roof: Asphalt Shingle
Condition
- Updated/Remodeled
- Year built: 1925
- Major remodel year: 2022
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: See Remarks
Community & HOA
Community
- Security: Smoke Detector(s), Fire Sprinkler System
- Subdivision: Forth Ward
Location
- Region: Paterson
Financial & listing details
- Price per square foot: $356/sqft
- Tax assessed value: $665,400
- Annual tax amount: $20,481
- Date on market: 6/12/2026
- Inclusions: See Remarks
- Ownership type: Fee Simple
- Tenant pays: Electricity, Gas, Heat
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/18/2026 | Price change | $1,249,9990%$356/sqft |
Source:  GSMLS #4034154 Report a problem | ||
| 6/12/2026 | Listed for sale | $1,250,000$356/sqft |
Source: GSMLS #4034154 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Sandy Hill
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