Paterson multifamily with tenants, violations or a tax lien?
Call or text (973) 520-0243. We buy occupied, as-is.
New JerseyPassaic County
Paterson

We buy houses in Paterson, NJ for cash.
Two-, three- and four-families, tenants and all.

Paterson is the biggest city in Passaic County and ten minutes from our Totowa office. We buy multifamilies across every ward, occupied or vacant, with open violations, tax liens, fire damage or an illegal basement unit. Written offer in 24 hours, close in days.

  • Tenants stay, paying or not
  • Code violations and open permits OK
  • Tax liens paid from proceeds
  • Same-day walkthroughs
Peter Koukounas, founder of Peregrine REI, Totowa NJ

You'll meet Peter, not a call center. Peter has bought more buildings in Paterson than in any other city. He knows the Community Improvements office, the rent leveling board and what the title companies need for a Paterson closing. About Peter

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Selling a house in Paterson: what's specific to the city

Paterson is dense, old, heavily renter-occupied and closely enforced. All of that makes a retail sale hard and a cash sale simple.

Multifamily is the housing stock. Frame two- and three-families from the early 1900s fill the Eastside, Totowa section, Riverside, Lakeview, People's Park and the Hillcrest blocks. Most have tenants, many have a unit that was never permitted, and nearly all have systems at end of life. That's the building we buy.

Enforcement is active. Paterson requires certificate inspections before sale, registers rentals, and issues violations for exterior condition, illegal conversions and fire safety. Back taxes and water bills become liens and go to tax sale. We buy with violations open and liens outstanding; both are resolved at or after closing.

Rent control applies. Paterson has a rent leveling ordinance. It affects what we can charge later, so it affects the offer, but it doesn't stop the sale and we handle the registration.

Fire and flood history. Older frame buildings and the Passaic River along Riverside and Northside mean fire damage and flooding show up regularly in what we buy. Insurance-claim properties and river-flooded basements don't stop the offer.

Local notes from houses we’ve bought and walked; confirm anything specific to your property with the township and your attorney. More on selling in Passaic County.

Paterson neighborhoods where we buy

All of them, every condition. A few notes on what we tend to see in each.

  • Eastside Larger two- and three-families, long-time owner-occupants, estates
  • Totowa section & Hillcrest Two-families and small colonials near the Totowa border
  • Riverside & Northside Frame multifamilies along the Passaic, flood history
  • Lakeview & Sandy Hill Dense multifamily, tenant-occupied, code letters
  • People's Park & South Paterson Two- and three-families, mixed-use with storefronts
  • Great Falls / Downtown Mixed-use, older brick, redevelopment edge

Why Paterson homeowners call us

The tenants stopped paying and landlord-tenant court is months out. We buy the building occupied.

The city issued violations or the taxes went to lien sale. Paid at closing; violations become ours.

Inherited a three-family from a parent who lived on the first floor for forty years.

Fire or water damage with or without an open insurance claim.

Behind on the mortgage with a sheriff sale date from the county building downtown.

House in Paterson, NJ

Questions from
Paterson
 sellers

General questions are on the FAQ page; the process is on How It Works.

Do you buy Paterson buildings with illegal apartments?

Yes, as-is. Legalizing or removing the unit is our responsibility after closing.

My tenants won't let anyone in. Can you still make an offer?

Yes. We see the exterior and any accessible units and estimate the rest. The offer reflects the uncertainty.

What about the certificate inspection?

We schedule it, pay for it and handle repairs after closing. A building that would fail today is still one we'll buy today.

How fast can you get here?

Paterson is ten minutes from our office. Same day is normal.

Nearby towns we buy in

Part of Passaic County unless noted.

Situation guides

The ones that come up most in Paterson.

All situations →

Sell your Paterson building, tenants and all

Written offer in 24 hours from a buyer ten minutes away.