Income Producing Medical Office Buildings

Description

The property is comprised of two, side by side, three story income producing professional medical office buildings. The buildings are currently 85% occupied with a variety of medical office tenants. Both buildings have separate HVAC systems. In addition, there is a 20+ car gated parking lot in the rear of the property. The property is located in the most desirable area of Paterson, this area is known to many as “Doctor Row”. The property is just down the block to Barnert Medical Arts Complex and close to numerous regional hospitals.

Documents

Auction Information

Property Information

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Terms & Conditions

  • Buyers Premium: 10% based on the high bid.
  • Closing: Sold in As-Is condition, no contingencies.
  • Deposit Amount: $30,000 due at time of auction. DEPOSIT MUST BE IN THE FORM OF A BANK CHECK
  • Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.

Inspection

By Appointment

  • Buyers Premium: 10% based on the high bid.
  • Closing: Sold in As-Is condition, no contingencies.
  • Deposit Amount: $30,000 due at time of auction. DEPOSIT MUST BE IN THE FORM OF A BANK CHECK
  • Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.

By Appointment

Auction Info:

  • Sold
  • Property Type
    Commercial
  • Property Location
    635-641 Broadway
    Paterson, NJ 07514
  • Auction Location
    On-Site

Property Map



Auction Contact(s):

Oren Klein

  • Email Oren
  • W: (212) 375-1222 x703
    F: (212) 202-6267

Jeremy Sandel