175 Broadway
Paterson, NJ 07505
Silk City Condos · Property For Lease · 48,535 SF

Silk City Lofts is a five story former silk mill converted into 48 expansive condominium apartment units and once commercial unit. The unit interiors have dramatic high-end luxury finishes with granite counters, 20' ceilings, and stainless steel appliances. The subject property is comprised of 27 one bedroom, nine (9) two bedroom, nine (9) one bedroom duplex lofts and three( 3) two bedroom duplex loft units. A 9,500 SF commercial condominium occupies the ground floor.The amenities at Silk City Lofts include on-site parking, a private fitness facility, on-site laundry room, state-of-the art intercom monitoring and private storage rooms. Currently seven of the 48 apartment units have been sold. The remaining 41 apartments, the commercial unit, and adjacent paved parking lot and additional lot are included in this offering. The seller has recently deployed a lease up strategy and several of the remaining units are currently occupied as rentals, while the retail remains available for lease up.Silk City Lofts is a unique value add opportunity for an investor to acquire a one of a kind Class A quality construction at a fraction of replacement cost, stabilize and benefit from the Located Next to the Manhattan bound NJ Transit train, blocks from Passaic Community College and in the heart of downtown Paterson.