Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5

$2,500,000

285 Monroe Street, Passaic NJ, 07055

Property typeMulti-family
Listed by Joseph Aziz with Prestige Property Group - Montclair (201) 708-5067

Overview

Active

Active - Active

Listed May 10, 2026

Updated 4 days ago

A Prime Mixed-Use Redevelopment Opportunity Positioned along the active Monroe Street corridor, 281–285 Monroe Street presents a rare mixed-use asset with significant redevelopment upside in one of Passaic’s steadily evolving urban submarkets. Surrounded by residential buildings, neighborhood retail, and established commercial activity, the property sits within a proven corridor benefiting from ongoing reinvestment and rising investor demand. This is a true value-add redevelopment site, ideal for developers seeking to unlock long-term value through repositioning, increased density, or ground-up redevelopment. The existing mixed-use configuration offers interim income potential, while the underlying value is driven by the site’s land position and redevelopment potential supported by local zoning. The immediate area features strong pedestrian traffic, daily convenience retail, and proximity to major transportation routes, offering seamless connectivity to Northern New Jersey employment hubs and direct access to New York City. As Passaic continues targeted revitalization along key corridors, Monroe Street remains a focal point for infill development and urban renewal, reinforcing long-term growth fundamentals and investor confidence. An exceptional opportunity for developers focused on scale, density, and long-term urban value creation.

$16,633/mo

Est. mortgage payment based on a $2,500,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

Association Fee Frequency
Monthly
MLS provider logo

Listed by Joseph Aziz with Prestige Property Group - Montclair (201) 708-5067

The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS.  Real estate listings held by brokerage firms other than Prominent Properties Sotheby's International Realty are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers.  Some properties listed with the participating brokers do not appear on this website at the request of the seller.  Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed.  Last date updated:  10/6/2026 

Source:  New Jersey Multiple Listing Service, Inc.

©2026  New Jersey Multiple Listing Service, Inc.  All rights reserved.

Powered by Luxury Presence