Passaic County, NJ
We buy distressed and bank-owned commercial property in Passaic County.
We buy mixed-use, retail and small multifamily property in Passaic County, including bank-owned and pre-foreclosure buildings.
Last updated October 1, 2026
Market snapshot
| Measure | Figure | As of | Source |
|---|---|---|---|
| Office asking rent (Paterson / Clifton) | [TO ADD] | — | — |
| Retail asking rent (Paterson / Clifton) | [TO ADD] | — | — |
| Commercial vacancy | [TO ADD] | — | — |
Figures are asking-rent indicators from public listings, not appraisals.
What we buy in Passaic County
Including Paterson, Clifton, Passaic, Wayne and Little Falls.
- Bank-owned (OREO) retail, office and mixed-use buildings
- Strip centers and neighborhood retail
- Small multifamily, 5 to 50 units
- Vacant, special-use and hard-to-sell buildings
- Performing and non-performing commercial notes
Passaic County questions
How do foreclosure sales work in Passaic County?
- New Jersey uses judicial foreclosure through the Superior Court, Chancery Division. After a final judgment, the Passaic County Sheriff conducts the sale. Because the court process takes time, many owners and lenders prefer a negotiated sale or loan sale before the sheriff's sale.
Can I sell a commercial building in Passaic County before the bank forecloses?
- Usually, yes. Until the foreclosure sale happens, the owner generally still holds title and can sell. If the price is less than the loan balance, the lender has to approve it as a short sale or discounted payoff. Talk to your attorney first; Belcz Group can make a written as-is offer you can bring to the lender.
Does Belcz Group buy bank-owned (OREO) property in Passaic County?
- Yes. We buy bank-owned commercial and multifamily property in Passaic County from $250,000 to $3,000,000, as-is, with our own capital and no financing contingency.
How fast can you close in Passaic County?
- Thirty days is typical. We can move faster when title is clear, or close on the seller's timeline.
Do you buy commercial notes secured by property in Passaic County?
- Yes. We buy performing and non-performing commercial real estate loans with unpaid balances of $250,000 to $3,000,000.
Related guides
Selling a commercial building before foreclosure in New York
What New York commercial property owners should know about selling before a foreclosure sale: timing, lender approval, short sales and sale-leasebacks.
OREO vs. note sale vs. discounted payoff: which is faster for a bank?
Comparing the three main exits for a troubled commercial real estate loan: selling the note, foreclosing and selling OREO, or accepting a discounted payoff.
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