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197-199 12th Ave
Paterson, NJ 07501 Eastside

$3,495,000 USD

Apartments For Sale • 20,581 SF

Property Details

Property Type Apartments
Total Building Size 20,582 SF
Lot Size 0.18 AC
Building Class B
Year Built 2024
Cap Rate 6.87 %

53 Transit Score

85 Walk Score

                
                    Highlights
                
                                30-Year Tax Abatement
                            
                                New Construction
                            
                                Secured Parking
                            
                                All Utilities Separated (Gas, Electric, Water, Sewer)

Property Flyers

197-199 12th Ave, Paterson, NJ 07501 _ Crexi.com

Financial Summary (Actual)

Net Operating Income: $240,243 USD (2025)

Cap Rate:

6.87 %

Amenities

24 Hour Access
Air Conditioning
Picnic Area
Recycling
Trash Pickup - Curbside
Kitchen
Refrigerator
Oven
Range
Views
Freezer
Walk-Up
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Paterson (Main/Port Jervis Line - NJ Transit Commuter Rail (NJ Transit))	3 min	19 min	1.0 mi
Hawthorne (Main/Port Jervis Line - NJ Transit Commuter Rail (NJ Transit))	5 min	-	2.3 mi
Transit/Subway	Drive	Walk	Distance
Paterson (Main/Port Jervis Line - NJ Transit Commuter Rail (NJ Transit))	3 min	19 min	1.0 mi
Airport	Drive	Walk	Distance
Newark Liberty International	28 min	-	21.1 mi
LaGuardia	39 min	-	24.8 mi
Westchester County	59 min	-	42.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	15
Type:	Covered
Included in Rent:	Yes

Gershon Adjaye 973-583-3030 KW New York City

197-199 12th Ave Paterson, NJ 07501 Eastside