354 Hamilton Ave Paterson, NJ 07501
Eastside NeighborhoodEstimated payment $5,653/month
About This Home
This exceptional project presents a unique opportunity to develop a highly sought-after 9-unit residential building in a thriving location. All necessary city approvals are in place, streamlining the development process and minimizing potential delays. Buyer will only have to apply for permits and break ground immediately. The building thoughtfully incorporates a lobby, mail and package area, stairwell, refuse and recycling room, and a studio unit on the ground floor. The 2nd and 3rd floors feature a one 1 bedroom unit and three 2 bedroom units on each floor, catering to a diverse range of potential residents. 6 off-street parking spaces and a bike rack enhance resident convenience and appeal. This property has an area of 5,520 Sq Ft. This project may qualify for 20 or 30 year tax abatement subject to city approvals.
Property Details
Property Type
- Other
Est. Annual Taxes
- $10,297
Home Design
- Asphalt
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
01/20/2025 01/20/25 | For Sale | $900,000 | -- | -- |
Source: New Jersey MLS
MLS Number: 25002192

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