# 540 Broadway, Paterson City, NJ 07514-2544

> **TL;DR:** land, $1,650,000. Est. $7,150/mo. Listed 52 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,650,000 |
| Lot Size | 13,504 sqft (0.31 acres) |
| Property Type | Land (Other) |
| Status | For Sale |
| Days on Market | 52 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $7,150 |
| **Total** | **$7,150** |

## Property Highlights

- 0.31 acre lot

## Description

### Agent Description
Shovel-ready development opportunity in Paterson fully approved for a 28-unit residential project with 46 parking spaces - valuable 30-year tax abatement in place. Ideally located near major shopping, transportation, hospital, schools, and houses of worship. A prime turnkey investment for builders and developers ready to break ground. Close to highways, shopping, schools, transportation. Taxes are on LAND only - PLANS AND RESOLUTION AVAILABLE UPON REQUEST

## Location

- **Address:** 540 Broadway, Paterson City, NJ 07514-2544
- **County:** Passaic
- **Coordinates:** 40.91835, -74.1508
- **Google Maps:** https://www.google.com/maps?q=40.91835,-74.1508

## Listing Agent

- **Name:** NICHOLAS TSELEPIS
- **Brokerage:** NICHOLAS REAL ESTATE AGENCY
- **Phone:** 9737253778
- **Email:** Niko@Nicholasrealestate.com

## Primary Photo

![540 Broadway - Primary Photo](http://lh.rdcpix.com/0d158359d87bab53221b993bd87ac695l-f3621925069r.jpg)

*2 total photos available on [listing page](https://www.propertysimple.com/listing/540-broadway-paterson-city-nj-07514-2544-4019878)*

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**MLS#:** 4019878 | **Updated:** 2026-06-19
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/540-broadway-paterson-city-nj-07514-2544-4019878)

---

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  "name": "540 Broadway, Paterson City, NJ 07514-2544",
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  "datePosted": "2026-06-19",
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