ADDRESS
62 E Park Place
Morristown, NJ 07960
Save
Ask
Tour
Hide
$2,250,000
5 Days On Site
81-85 Berkshire AvePaterson City, NJ 07502
For Sale|Mixed Use|Active
0
Beds
0
Total Baths
10,050
SqFt
$224
/SqFt
1900
Built
County:
Passaic
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
Call Now: 973-349-0459
Is this the listing for you? We can help make it yours.
973-349-0459
Save
Ask
Tour
Hide
Portfolio offering: 81"85 Berkshire Ave, Paterson three adjacent mixed-use buildings sold together. The property combines two ground-floor commercial storefronts with seven apartments above (one-, two- and three-bedroom layouts), delivering diversified income in a neighborhood setting near shopping, bus lines, and major roadways. Buildings are currently occupied with staggered lease expirations, supporting near-term stability. Operations are efficient with primarily tenant-paid utilities; ownership provides cold water. Off-street parking is available via assigned spaces and on-site driveways. Attractive value-add upside exists over time through mark-to-market as leases roll, retail optimization, and potential conversion from 1 commercial unit to a residential . A compelling North Jersey infill asset for long-term hold or 1031 exchange.
Save
Ask
Tour
Hide
Listing Snapshot
Price
$2,250,000
Days On Site
5 Days
Bedrooms
N/A
Inside Area (SqFt)
10,050 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.16 Acres
Year Built
1900
MLS® Number
3995236
Status
Active
Property Tax
$31,272
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 4 days ago | Listing updated with changes from the MLS® | |
| 5 days ago | Listing first seen on site |
General Features
Acres
0.16
Number Of Stories
3
Parking
Off Street
Property Sub Type
Mixed Use
Sewer
Public Sewer
SqFt Total
10050
Utilities
Natural Gas Available
Water Source
Public
Zoning
comm
Save
Ask
Tour
Hide
Exterior Features
Construction Details
Brick
Roof
Asphalt
Listing courtesy of REAL
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
Save
Ask
Tour
Hide
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.