7.2% CAP RATE | A true turnkey opportunity! A newly constructed 20-unit residential building, located 2 blocks away from St. Joseph's Children's Hospital! 3 blocks away from access to Route-80! Only 20 minutes away from Manhattan (via GW Bridge). 60-62 Plum St, was built from the ground up, and completed in January 2025, and comes with the added benefits of a very low maintenance, allowing the owner/landlord, to self manage the property, if chosen too. Also the BIG BONUS....a (30) YEAR TAX ABATEMENT, with (29) YEARS REMAINING!!! And with NO RENT CONTROL RESTRICTIONS, this property is perfectly positioned, to keep the expenses low with increasing the rent roll yearly. The perfect pairing for any investor's formula. Contact today, to set up an in-person tour, and/or get a google link to extensive photos & video walkthrough tours of each unit (prior to occupancy).
For sale
$6,495,000
60-62 Plum St, Paterson, NJ 07503
--beds
--baths
--sqft
Mixed Use
Built in ----
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 7 days |
- 102 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Gershon Adjaye 973-583-3030,
Keller Williams Team Realty
Source: NJMLS,MLS#: 26025863
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Facts & features
Property
Details
- Parcel number: 0805807000000002
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Mixed Use
Materials
- Roof: Flat,See Remarks
Utilities & green energy
- Water: Munincipal Water
Community & HOA
Location
- Region: Paterson
Financial & listing details
- Tax assessed value: $36,000
- Annual tax amount: $1,834
- Date on market: 7/9/2026
- Listing agreement: Exclusive Right To Sell
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/9/2026 | Listed for sale | $6,495,000-10.4% |
Source:  NJMLS #26025863 Report a problem | ||
| 7/1/2026 | Listing removed | $7,250,000 |
Source: NJMLS #25042891 Report a problem | ||
| 12/16/2025 | Listed for sale | $7,250,000+17582.9% |
Source: NJMLS #25042891 Report a problem | ||
| 10/23/2017 | Sold | $41,000-90.2% |
Source:  GSMLS #3398170 Report a problem | ||
| 5/1/2002 | Sold | $420,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,834 +3.9% | $36,000 |
| 2024 | $1,765 +1.8% | $36,000 |
| 2023 | $1,734 +7.6% | $36,000 |
| 2022 | $1,611 | $36,000 |
| 2021 | $1,611 +9.8% | $36,000 |
| 2020 | $1,468 -3.6% | $36,000 +1.4% |
| 2019 | $1,523 -43.8% | $35,500 +0.9% |
| 2018 | $2,708 -6.7% | $35,200 -45.9% |
| 2017 | $2,903 +5.6% | $65,100 -2.7% |
| 2016 | $2,748 -54.6% | $66,900 |
| 2015 | $6,055 +5.7% | $66,900 -68% |
| 2014 | $5,729 -33.7% | $208,800 -39.2% |
| 2012 | $8,637 +18.3% | $343,400 |
| 2011 | $7,301 +10.1% | $343,400 |
| 2010 | $6,631 | $343,400 |
| 2009 | -- | $343,400 -11.3% |
| 2008 | -- | $387,300 |
| 2007 | -- | $387,300 |
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: South Paterson
Nearby schools
GreatSchools rating
- 4/10School 8Grades: K-8Distance: 0.2 mi
- NAAlternative High School - Yes AcademyGrades: 9-12Distance: 0.6 mi
- $--1 bd1 ba-- sqft60-62 Plum St #201, Paterson, NJ 07503Off Market
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- $31,9002,500 Square Feet64 Plum St, Paterson, NJ 07503Off Market
- $---- bd-- ba-- sqft60 Plum St, Paterson, NJ 07503Off Market
- $--2 bd1 ba1k sqft62 Plum St #201, Paterson, NJ 07503Off Market
- $--3 bd1 ba1.4k sqft62 Plum St #305, Paterson, NJ 07503Off Market
- $---- bd1 ba1k sqft62 Plum St #3, Paterson, NJ 07503Off Market
- $--2 bd1 ba1k sqft62 Plum St #4, Paterson, NJ 07503Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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