# 62 Lafayette St, Paterson City, NJ 07501-1139

> **TL;DR:** commercial, $1,435,000 ($1436/sqft), built 1900, 999 sqft.
> Basement. Est. $6,218/mo. Listed 66 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,435,000 |
| Price/sqft | $1436 |
| Square Feet | 999 |
| Year Built | 1900 |
| Lot Size | 4,792 sqft (0.11 acres) |
| Stories | 3 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 66 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $6,218 |
| **Total** | **$6,218** |

## Key Amenities

- Basement

## Property Highlights

- Built in 1900
- 0.11 acre lot
- 3 stories

## Description

### Agent Description
Income producing 7 unit corner property located at 62-64 Lafayette Street in Paterson, set on an oversized 50x100 lot with on site parking. This fully detached three story building offers a strong unit mix of one and three bedroom apartments, appealing to a wide range of tenants. All units have been renovated in recent years, providing solid in place income with minimal immediate capital needs. Tenants pay their own utilities, helping maintain efficient operating expenses. Currently delivering over an 9% cap rate with additional upside potential, this property presents a strong investment opportunity. Conveniently located near public transportation, shopping, schools and much more!

## Location

- **Address:** 62 Lafayette St, Paterson City, NJ 07501-1139
- **County:** Passaic
- **Coordinates:** 40.9254461378774, -74.1632080078125
- **Google Maps:** https://www.google.com/maps?q=40.9254461378774,-74.1632080078125

## Listing Agent

- **Name:** MORDY ABELESZ
- **Brokerage:** EXP REALTY, LLC
- **Phone:** 8662016210
- **Email:** NJ.Broker@eXpRealty.net

## Primary Photo

![62 Lafayette St - Primary Photo](http://lh.rdcpix.com/4ad0d3478637633425f2069dd6530d8el-f3640168326r.jpg)

*28 total photos available on [listing page](https://www.propertysimple.com/listing/62-lafayette-st-paterson-city-nj-07501-1139-4017166)*

---

**MLS#:** 4017166 | **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/62-lafayette-st-paterson-city-nj-07501-1139-4017166)

---

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