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541 Union Ave, Paterson, NJ, 07522

--beds
--baths
--sqft
$525,000
--price/sqft
$4,089/moest. monthly cost
$163,560/yrincome needed

About This Home

Totally renovated 2023 Excellent opportunity to own a mixed- use building near the center of Paterson. First floor EL CUBETAZO BAR & KARAOKE & SPORTS "Sale with out liquor lic" second floor 2BRS combo LR kit full bath central air full unfinished basement 1/2 bath. Brand new refrigeration equipment, 2 glass door back bar coolers, 1 bottle cooler and 1 ICE machine 3-compartment sink, 1 additional sink, 2 ice bins with 7 circuit boards, 1 glass rack and 1 Glass washer machine 2 soda gun system connected to the ice bin 1 additional standing freezer (apartment)Granite countertop Brand new furniture, bar stools & tables, regular chairs & tables, and leather couches Crown molding LED lighting Recessed ceiling lighting 2 JBL speakers 10 in-ceiling speaker SONOS system 13 Samsung Smart TVs Fully wired Ethernet cabling for every Smart TV HDMI wiring for every Smart TV HDMI switch HDMI splitter 1 EPSON projector plus 120' electric screen Digital LED display for front window Hardwood floor.

Getting Around

88
WalkingVery Walkable
55
TransitGood Transit
25
BikeSomewhat Bikeable

Schools

1/10
Newcomers High SchoolGrades 9-120.7 mi

Construction

Materials

  • Roof: Flat

Type & Style

  • Home type: SingleFamily
  • Property subType: Mixed Use

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Lightning
Strong Wind
Winter Weather

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,654$31,848
Home Insurance *$254$3,048
Property Taxes $988$11,856
Electricity $193$2,318
Total$4,089$49,068
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$140,194/yr
40% on housing$122,670/yr
45% on housing$109,040/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.5%
10.5%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 07522$294
Passaic County$341

vs Homes Sold Last Month

Median $/sqft

ZIP 07522$288
Passaic County$345

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-02-18Price change$525,000
2025-10-18Listed for sale$549,000
2025-10-16Listing removed$575,000
2025-03-08Price change$575,000
2025-01-31Listed for sale$695,000
2025-01-29Listing removed$750,000
2024-12-18Listed for sale$750,000
2024-10-13Listing removed$750,000
2024-10-09Listed for sale$750,000
2015-10-09Sold$90,000

For Sale by Agent

AgentJohnny Rojas
BrokerageCentury 21 JR Gold Team Realty, LLC

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