89–91 East Main Street Development Opportunity

PATERSON, NEW JERSEY
Approved 45-Unit Mixed-Use Development Opportunity
An urban infill development opportunity with adopted Paterson Planning Board Site Plan Approval and Bulk Variances.
Asking Price: $2M
REVIEW THE DEVELOPMENT OPPORTUNITY
REQUEST DUE DILIGENCE MATERIALS
COLORIZED PRELIMINARY EAST MAIN STREET ELEVATION — Illustrative colorization based on the December 12, 2022 preliminary architectural plan set. Colors do not represent final approved construction materials.
DEVELOPMENT METRICS
Project At a Glance
Key programmatic and site metrics for the 89–91 East Main Street development in Paterson, New Jersey.
45
Approved Residential Units
Total approved residential program across three unit types
38
Proposed Parking Spaces
On-site parking proposed as part of the development program
1,337
SF Commercial Component
Ground-floor commercial space integrated into the mixed-use program
14,711
SF Site Area
Approximately 0.34 acres of urban infill land in Paterson, NJ
OPPORTUNITY OVERVIEW
A Positioned Urban Infill Opportunity in Northern New Jersey
89–91 East Main Street represents a site-controlled development opportunity in Paterson, New Jersey, carrying adopted Planning Board Site Plan Approval with Bulk Variances. The approved program comprises 45 residential units across a balanced mix of studios, one-bedroom, and two-bedroom configurations, together with a 1,337 SF ground-floor commercial component and 38 proposed on-site parking spaces.
Preliminary architectural plans dated December 12, 2022 are available to qualified parties through a controlled diligence process. All materials are subject to identification, qualification, and confidentiality requirements prior to release.
Key Approval Milestone
Paterson Planning Board Site Plan Approval with Bulk Variances
Resolution Adopted
July 19, 2023
Diligence Access
Controlled — subject to qualification and broker approval
Presented By
TES Realty Group, Inc.
Eddie Salinas, Broker of Record
UNIT MIX
45 Approved Residential Units
The approved residential program reflects a balanced unit mix designed for urban infill multifamily development.
18 Studios
Efficient studio configurations suited for urban rental demand in the Northern New Jersey market.
18 One-Bedroom Units
One-bedroom units representing the anchor of the approved residential program.
9 Two-Bedroom Units
Two-bedroom configurations providing unit-mix depth and broader renter appeal.
Total: 45 Approved Residential Units — Unit mix is based on the December 12, 2022 preliminary plan set. Independent verification of all approved conditions is required.
MUNICIPAL APPROVAL POSITION
Paterson Planning Board Site Plan Approval
The Paterson Planning Board adopted a Site Plan Approval with Bulk Variances resolution on July 19, 2023. This approval reflects a significant entitlement milestone for an urban infill multifamily development of this scale within the City of Paterson.
All governmental approvals, conditions, variance grants, and regulatory requirements must be independently verified by qualified legal, planning, and engineering counsel. This page does not represent the property as shovel-ready, permit-ready, or construction-ready. No approved PILOT or tax abatement program is represented.
DEVELOPMENT VISUALS
Preliminary Architectural Materials
All materials shown are preliminary and based on the December 12, 2022 plan set prepared by Evans Architects AIA. Colors and configurations are illustrative and do not represent final approved construction materials, permit plans or construction documents.
COLORIZED PRELIMINARY EAST MAIN STREET ELEVATION — Illustrative colorization based on the December 12, 2022 preliminary architectural plan set. Colors do not represent final approved construction materials.
ADDITIONAL PRELIMINARY BUILDING ELEVATIONS — North First Street and side-elevation references from the December 12, 2022 preliminary architectural plan set.
Architectural materials are preliminary and provided for general development-opportunity review. Prospective parties must independently verify the approved program, plan revisions, municipal conditions, unit configuration, parking, building coverage, rooftop and open-space requirements, construction documents and all other governmental and design matters.
DEVELOPMENT HIGHLIGHTS

Adopted Planning Board Approval
Site Plan Approval with Bulk Variances adopted July 19, 2023 — a meaningful entitlement milestone for urban infill development.
45-Unit Approved Residential Program
A balanced mix of studios, one-bedroom, and two-bedroom units within a single approved multifamily structure.
Ground-Floor Commercial Component
1,337 SF of approved commercial space integrated into the mixed-use program at the street level.
Proposed On-Site Parking
38 proposed on-site parking spaces supporting the residential and commercial program.
Paterson Urban Infill Location
Positioned within the City of Paterson in Northern New Jersey, within the greater New York metropolitan region.
Controlled Diligence Availability
Preliminary plans and materials available to qualified parties through a controlled, broker-managed diligence process.
LOCATION
NORTHSIDE PATERSON — EAST MAIN STREET CORRIDOR
The property is located along East Main Street in the Northside section of Paterson, New Jersey, near Cobb Park and the Passaic River. The site is situated within an established urban neighborhood in Passaic County and the broader Northern New Jersey and New York metropolitan market.
Prospective parties must independently verify the property location, legal boundaries, lot configuration, access, transportation conditions, surrounding uses and development feasibility.
SUBJECT LOCATION — 89–91 EAST MAIN STREET — Approximate property location shown for general orientation. The marker does not establish legal boundaries, lot configuration or survey dimensions.
REGIONAL AERIAL CONTEXT — Approximate property location shown for general orientation. Aerial imagery is not a survey and boundaries are not represented.
SITE AND SURROUNDING STREET CONTEXT — Approximate property location shown for orientation. Nearby labels are included only as general geographic references.
SURROUNDING NEIGHBORHOOD CONTEXT — Approximate property location shown for general orientation. Aerial imagery is not a survey, title exhibit or representation of legal boundaries.
Aerial images and property markers are provided solely for general location and neighborhood orientation. They are not surveys, title exhibits or representations of legal boundaries, parcel configuration, site dimensions or current governmental conditions.
Interested in Reviewing the Opportunity?
TES Realty Group invites qualified multifamily developers, commercial real estate investors, and institutional brokers to request available diligence materials for the 89–91 East Main Street development opportunity.
Step 1 — Identification
Interested parties must identify themselves and their organization prior to receiving any materials.
Step 2 — Qualification
Access is subject to qualification review by Eddie Salinas, Broker of Record, TES Realty Group, Inc.
Step 3 — Confidentiality
Confidentiality controls apply where required. Materials are not automatically released.
REQUEST DUE DILIGENCE MATERIALS
Contact
Eddie Salinas
Broker of Record
TES Realty Group, Inc.
560 Sylvan Avenue
Englewood Cliffs, NJ 07632
esalinas@tesrealtygroup.com
201-905-1114
About TES Realty Group, Inc.
TES Realty Group, Inc. is a licensed New Jersey commercial real estate brokerage. Eddie Salinas serves as Broker of Record and is presenting this opportunity exclusively on behalf of the engagement.
Broker Representation
All inquiries regarding 89–91 East Main Street, Paterson, New Jersey should be directed exclusively to Eddie Salinas at TES Realty Group, Inc. The seller and property owner are not identified and will not be disclosed without execution of applicable confidentiality requirements.
DISCLAIMER
Important Disclosures and Limitations
No Guarantee of Information
All information presented on this page has been obtained from sources believed to be reliable but is not guaranteed as to accuracy or completeness. No representations, warranties, or guarantees, express or implied, are made by TES Realty Group, Inc., Eddie Salinas, or any affiliated party regarding the information contained herein. Independent verification of all information is required.
Preliminary Plans — Not Final Construction Documents
Architectural plans, elevations, site plans, floor-plan excerpts, and all related materials referenced or displayed are preliminary in nature and are based on the December 12, 2022 preliminary plan set. These materials do not represent final approved construction documents, final construction drawings, or any other form of permit-ready or construction-ready documentation.
Property Not Represented as Shovel-Ready
The property is not represented as shovel-ready, permit-ready, or construction-ready. No representation is made regarding the status of any building permits, construction permits, or other governmental authorizations required to commence construction. Qualified parties must independently verify all permit and approval requirements with applicable governmental authorities.
Independent Verification of Governmental Approvals Required
The Paterson Planning Board Site Plan Approval with Bulk Variances referenced herein is identified for informational purposes only. All conditions of approval, variance grants, regulatory requirements, expiration dates, extension requirements, and related governmental determinations must be independently verified by qualified legal, planning, and engineering counsel prior to reliance.
No PILOT or Tax Abatement Represented
No approved Payment in Lieu of Taxes (PILOT) program, tax abatement, tax exemption, or other preferential tax treatment is represented, implied, or guaranteed in connection with this property or development opportunity.
Controlled Diligence — No Automatic Release
Confidential diligence materials are not automatically released. Access to any non-public materials is subject to identification, qualification, execution of applicable confidentiality agreements where required, and approval by Eddie Salinas, Broker of Record, TES Realty Group, Inc. No data room, automatic document delivery, or unsecured access is provided.
No Financial Projections Provided
No construction cost estimates, development pro formas, net operating income projections, yield-on-cost analysis, stabilized valuations, development spreads, or internal feasibility analysis of any kind are provided or represented herein. Prospective purchasers must conduct their own independent financial analysis.
No Identification of Owner or Seller
The identity of the property owner or seller is not disclosed on this page and will not be disclosed without satisfaction of applicable identification, qualification, and confidentiality requirements. All inquiries must be directed to TES Realty Group, Inc.
This page has been prepared by TES Realty Group, Inc. for informational purposes and is intended solely for qualified multifamily developers, commercial real estate investors, and licensed real estate professionals. This page does not constitute an offer to sell or a solicitation of an offer to buy any interest in the property. This page is not approved for public distribution and may not be reproduced or redistributed without the express written consent of TES Realty Group, Inc. All content is subject to revision, correction, and withdrawal without notice. Aerial images and property markers are provided solely for general location and neighborhood orientation. They are not surveys, title exhibits or representations of legal boundaries, parcel configuration, site dimensions or current governmental conditions. © TES Realty Group, Inc. All rights reserved. Not approved for publication until reviewed and authorized by Eddie Salinas, Broker of Record.