200 Summer St | Paterson City

$2,435,900 | 7 Baths (7 Half) | 0.0 Sq. Ft.

Welcome to a rare opportunity to own a brand-new, fully vacant 7-unit investment property located in a high demand rental market. This modern multifamily building offers immediate income potential with no renovation needed and the added benefit of a long term tax abatement, maximizing your return on investment from day one. Each of the seven units features high end finishes, contemporary layouts, and energy efficient systems designed to appeal to today's renters. With all units currently vacant, investors or owner-occupants can set their own market rents ideal for maximizing cash flow. The property's strong rental income potential makes it a perfect addition to any real estate portfolio. GSMLS 3973568

Directions to property: In between Hamilton and 12th Ave

MLS Listing ID: 
GSMLS 3973568
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Status Accepting Offers: 
1
Building Details
Details about the building on a property.
Stories: 
2
Year Built: 
2025
Living Area: 
0.0
Basement: 
Finished
Construction
Construction Materials: 
Brick/Block, See Remarks, Wood
Roof: 
Asphalt Shingle
Exterior: 
Vinyl Siding
Energy Information: 
Electric, Gas-Natural
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
7
Total Half-Bathrooms: 
7
Utilities
Information about utilities available on the property.
Heating System: 
4+ Units, Heat Pump, Multi-Zone
Heating System Fuel: 
Gas-Natural
Cooling System: 
4+ Units, Multi-Zone Cooling, See Remarks
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.11
Lot Size (Dimensions): 
50X100
Waterfront: 
0
Lot Features
Driveway: 
Off-Street Parking, Parking Lot-Shared
Parking Type: 
Off-Street Parking, Parking Lot-Shared
Total Parking Spaces: 
6
Public Record
Parcel Number: 
2508-03607-0000-00003-0000-
Lot Number: 
3
Annual Tax: 
$12,788.00
Property Zoning: 
residential
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
7/7/2025
Contract Details
Details about the listing contract.
Inclusions: 
Building & Land
Possession: 
upon closing
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
WEICHERT REALTORS