523 Park Ave

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Address: 523 Park Ave, Paterson, NJ 07504, USA
New York & Tri-State + 2-4 Units
Created date: June 30, 2026
Date last updated: September 13, 2026
Price: $799,000Investment Analyzer NEW!

Property Description

Location, Location, Location! Exceptional investment opportunity on a highly visible corner lot at Park Avenue and East 33rd Street. This mixed-use property features two spacious residential units, each offering 5 bedrooms and 1 full bath, providing tremendous rental income potential. The first floor consists of a large vacant commercial space that previously operated as a laundromat, offering endless possibilities for redevelopment, owner occupancy, or potential business use. Buyers are encouraged to perform their own due diligence regarding permitted uses and any prior grandfathered approvals.The entire property is delivered vacant, making it ideal for investors, business owners, or owner-occupants seeking flexibility and value-add potential.Conveniently located near schools, parks, shopping, public transportation, and major highways. A rare opportunity to acquire a prominent corner property with substantial upside in one of Paterson's most desirable locations. Property being sold strictly as-is.
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Broker Details

DOMINGO MENDEZ
DOMINGO MENDEZ

Organic Planet Properties LLC (201) 702-0223 MLS ID: 304828

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Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: 2-4 Units
Price: $799,000
No. of Units: 3
Year Built: 1940
Opportunity Zone: No
Price per unit: $266,333
Property Website Click Here
Number of Bedrooms: 10
Number of Bathrooms: 3
Address: 523 Park Ave, Paterson City, NJ 07504-1533, USA
Provided by:
Standard Status: Active
MLS Listing Number: 4036074
ID: 3yd-GSMLSNJ-4036074
Copyright Disclaimer: Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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