Experience the pinnacle of modern investment with this rare, totally rebuilt 2024 three-family masterpiece. Each of the three expansive units has been meticulously designed for the sophisticated renter, featuring soaring high ceilings, a generous three-bedroom, two-full-bath layout, and the essential comfort of central air conditioning throughout. Every residence is a study in contemporary luxury, boasting premium finishes and the ultimate convenience of dedicated in-unit laundry, ensuring these apartments command top-tier market rents. For the savvy investor, this property offers an exceptional turnkey opportunity with excellent existing rental income and significant upside potential. The financial appeal is further enhanced by extremely low taxes, creating an incredible high-margin investment with minimal overhead. Its location is a commuter's dream, situated moments away from major NYC transportation hubs and primary highways, ensuring a consistent and high-quality tenant pool. Whether you are looking to occupy one unit and have your mortgage paid or add a pristine, low-maintenance asset to your portfolio, this 2024 build represents an unrivaled opportunity in today's competitive market.
Under contract
Price cut: $30K (6/17)
$795,000
59 Mercer St, Paterson City, NJ 07524
9beds
29,997sqft
Multi Family
Built in 2024
-- sqft lot
$-- Zestimate®
$27/sqft
$-- HOA
What's special
- 91 days |
- 216 |
- 10 |
Zillow last checked:
Listing updated:
Listed by:
Artur Tyszka 973-696-0077,
Keller Williams Prosperity Realty
Source: GSMLS,MLS#: 4029825
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 6
- Full bathrooms: 6
Heating
- 3 Units, Forced Air, Natural Gas
Cooling
- 3 Units, Central Air
Appliances
- Laundry: Laundry Room
Features
- Bedrooms, Kitchen, Living Room
- Basement: Yes,Crawl Space
- Has fireplace: No
Interior area
- Total structure area: 29,997
- Total interior livable area: 29,997 sqft
Property
Parking
- Total spaces: 1
- Parking features: See Remarks, Detached Garage
- Garage spaces: 1
Features
- Levels: 3-Three Story
- Stories: 3
Lot
- Size: 2,178 Square Feet
- Dimensions: 25 x 94
Details
- Parcel number: 2508030090000000010000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding, Stucco
- Roof: Asphalt Shingle
Condition
- Year built: 2024
Utilities & green energy
- Gas: Gas-Natural
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Carbon Monoxide Detector
Location
- Region: Paterson
Financial & listing details
- Price per square foot: $27/sqft
- Tax assessed value: $906,500
- Annual tax amount: $8,407
- Date on market: 5/30/2026
- Total actual rent: 4925
- Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/11/2026 | Pending sale | $795,000$27/sqft |
Source:  NJMLS #26019298 Report a problem | ||
| 6/17/2026 | Price change | $795,000-3.6%$27/sqft |
Source:  GSMLS #4029825 Report a problem | ||
| 5/27/2026 | Listed for sale | $825,000$28/sqft |
Source: NJMLS #26019298 Report a problem | ||
| 5/26/2026 | Listing removed | $825,000$28/sqft |
Source: NJMLS #26009669 Report a problem | ||
| 5/4/2026 | Pending sale | $825,000$28/sqft |
Source: GSMLS #4016225 Report a problem | ||
| 3/24/2026 | Listed for sale | $825,000+22.2%$28/sqft |
Source: GSMLS #4016225 Report a problem | ||
| 8/4/2025 | Listing removed | $2,450 |
Source: Zillow Rentals Report a problem | ||
| 7/9/2025 | Price change | $2,450-3.9% |
Source: Zillow Rentals Report a problem | ||
| 6/2/2025 | Price change | $2,550-1.9% |
Source: Zillow Rentals Report a problem | ||
| 5/13/2025 | Listed for rent | $2,600+4% |
Source: Zillow Rentals Report a problem | ||
| 1/20/2025 | Listing removed | $2,500 |
Source:  GSMLS #3937873 Report a problem | ||
| 1/15/2025 | Price change | $2,500-5.7% |
Source: GSMLS #3937873 Report a problem | ||
| 12/12/2024 | Listed for rent | $2,650 |
Source: GSMLS #3937873 Report a problem | ||
| 7/24/2024 | Sold | $675,000-3.4%$23/sqft |
Source: GSMLS #3910100 Report a problem | ||
| 7/17/2024 | Pending sale | $699,000$23/sqft |
Source: NJMLS #24020690 Report a problem | ||
| 6/26/2024 | Price change | $699,000+5.1%$23/sqft |
Source: GSMLS #3910100 Report a problem | ||
| 12/21/2023 | Pending sale | $665,000$22/sqft |
Source: NJMLS #23036845 Report a problem | ||
| 12/6/2023 | Listed for sale | $665,000+600%$22/sqft |
Source: GSMLS #3877303 Report a problem | ||
| 6/16/2014 | Sold | $95,000-17.4%$3/sqft |
Source: GSMLS #3126236 Report a problem | ||
| 3/21/2014 | Listed for sale | $115,000+219.4%$4/sqft |
Source: Better Homes and Gardens Rand Realty #1408953 Report a problem | ||
| 11/7/1980 | Sold | $36,000$1/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,407 +3.9% | $165,000 |
| 2024 | $8,090 +1.8% | $165,000 |
| 2023 | $7,948 +7.6% | $165,000 |
| 2022 | $7,385 | $165,000 |
| 2021 | $7,385 +10.5% | $165,000 |
| 2020 | $6,685 -3.2% | $165,000 +2% |
| 2019 | $6,904 +4.7% | $161,700 +1.3% |
| 2018 | $6,594 -7.6% | $159,600 +0.7% |
| 2017 | $7,138 +5.6% | $158,500 -3.6% |
| 2016 | $6,758 -3.5% | $164,500 |
| 2015 | $7,001 -6% | $164,500 -31.9% |
| 2014 | $7,447 -18.1% | $241,400 -33.2% |
| 2012 | $9,089 +18.3% | $361,400 |
| 2011 | $7,683 +10.1% | $361,400 |
| 2010 | $6,979 | $361,400 |
| 2009 | -- | $361,400 |
| 2008 | -- | $361,400 |
| 2007 | -- | $361,400 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Riverside
Nearby schools
GreatSchools rating
- 2/10School 10Grades: K-8Distance: 0 mi
- 5/10Paterson P-TechGrades: 9-12Distance: 0.8 mi
- $--3 bd2 ba-- sqft59 Mercer St #2B, Paterson, NJ 07524Off Market
- $--3 bd2 ba-- sqft59 Mercer St #3C, Paterson, NJ 07524Off Market
- $18,7002,374 sqft61 Mercer St, Paterson, NJ 07524Off Market
- $167,5006 bd3 ba1.9k sqft66 Mercer St, Paterson, NJ 07524Off Market
- $55,4002 bd-- ba635 sqft66 Mercer St #3, Paterson, NJ 07524Off Market
- $71,8003 bd-- ba876 sqft66 Mercer St FLOOR 2, Paterson, NJ 07524Off Market
- $71,8003 bd-- ba876 sqft66 Mercer St FLOOR 1, Paterson, NJ 07524Off Market
- $575,1004 bd3 ba2.3k sqft63 Mercer St, Paterson, NJ 07524Off Market
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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