See Home Value
Passaic 07055
262 PASSAIC ST
$1,605,692*
Commercial - Off Market

262 PASSAIC ST

Passaic City, NJ 07055
bedrooms
Studio
bathrooms
0 Bath
$1,125,000 - $1,375,000
Reference Base Price*
28.46%
Since Feb 1, 2021
NY-New York
Primary Model

About This Property

Cash Cow! Bar & juice bar, both on 10-year leases (with bumps). Upper levels consist of 9 rented rooms with 2 common baths & two 1-bedroom apts, a 2-car garage & yard space in the rear is also rented. The bar has its own heating system and water meter. The juice bar has its own electric baseboard heat. The owner installed 3 new gas systems, one for the bar & the other two for the rented rooms & apartments. Newer baths for the rented rooms (except one shower was not upgraded) & lots of new plumbing. Roof done apx. 8 years ago. The owner has installed a CCTV system, which can be viewed via the internet. The current non-residence super is a deputy sheriff which would stay on if wanted. All the tenants have been paying during the COVID-19 pandemic. An Income & Expense sheet is attached.
Unit Size
-
Days on Market
-
Land Size
0.11 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$1,465
HOA Dues
-
Year Built
-

Price History

Date / Event Date Event Price
Jan 17, 2021 No longer available -
No longer available
Oct 17, 2020 Relisted $1,250,000
Relisted
Oct 16, 2020 No longer available -
No longer available
Oct 13, 2020 Price Decreased $1,250,000
↓ $45K (3.5%)
Price Decreased
Sep 6, 2020 Listed $1,295,000
Listed

Property Highlights



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20220314
03/14/2022
Loft
-
-
$899,000
bedrooms
Loft
bathrooms
-
-
-
-
SERGIO LIMONTA
UNITED REAL ESTATE
20210430
04/30/2021
Loft
-
-
$1,075,000
bedrooms
Loft
bathrooms
-
-
-
-
SERGIO LIMONTA
UNITED REAL ESTATE
20200906
09/06/2020
Loft
-
-
$1,295,000
bedrooms
Loft
bathrooms
-
-
-
-
-
20180727
07/27/2018
Studio
-
-
-
bedrooms
Studio
bathrooms
-
-
-
-
-

Building Info

262 Passaic Street 262 Passaic Street, Passaic, NJ 07055
  • 1 Unit for Sale
More about this Building
262 Passaic Street
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About Passaic


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