60-62 Plum Street, Paterson, NJ 07503

Paterson
Local realty services provided by:ERA Queen City Realty
60-62 Plum Street,Paterson, NJ 07503
$6,495,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: gershon adjaye
Office: keller williams team realty973-253-2800
MLS#:26025863
Source:NJ_MLS

Price summary

  • Price:$6,495,000

About this home

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).

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Home facts

  • Listing ID #:26025863
  • Added:30 day(s) ago
  • Updated:August 09, 2026 at 03:39 PM

Finances and disclosures

  • Price:$6,495,000
  • Tax amount:$3,700
MLS Logo The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than ERA Queen City Realty are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: August 9, 2026. Source: New Jersey Multiple Listing Service, Inc. 2026 New Jersey Multiple Listing Service, Inc. All rights reserved.

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