220 Straight St | Paterson, NJ 07501
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220 Straight St
Paterson, NJ 07501
216-220 Straight Street · Multifamily Property For Sale
·
76 Units
INVESTMENT HIGHLIGHTS
- THE INVESTMENT: 2008 Converted Storage Facility to 76-Apartments Located in Paterson, NJ.
- UNIQUE AMENITIES: Straight Street Apartments Features Loft Style Apartments*, Underground Parking, and On-Site Laundry Facility.
- UTILITY BREAKDOWN: Tenants are Responsible for their own Separately Metered Electric and Cooking Gas.
- ASSUMABLE DEBT: The Property has Attractive Assumable Debt with a 2.67% Interest Rate Until 2030 with a Principle Balance of $10,666,467 as of January
- VALUE-ADD OPPORTUNITY: Unique to the Market Apartment Layouts with Current Rents 21.20% Below Market.
- ATTRACTIVE UNIT MIX: Unit-Mix Includes 62 One-Bedroom Loft, 9 Two-Bedroom, and 5 Three-Bedroom Apartments.
PROPERTY FACTS
| No. Units | 76 | Lot Size | 0.54 AC |
| Property Type | Multifamily | Building Size | 71,990 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 2010 |
| Building Class | C | ||
| Zoning | B-3 | ||
| No. Units | 76 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.54 AC |
| Building Size | 71,990 SF |
| No. Stories | 4 |
| Year Built | 2010 |
| Zoning | B-3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Ceiling Fans
- Tile Floors
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Carpet
- Intercom
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Security System
- Grill
- Maintenance on site
PROPERTY TAXES
| Parcel Number | 08-04312-0000-00002 | Improvements Assessment | $3,940,000 |
| Land Assessment | $1,520,000 | Total Assessment | $5,460,000 |
PROPERTY TAXES
Parcel Number
08-04312-0000-00002
Land Assessment
$1,520,000
Improvements Assessment
$3,940,000
Total Assessment
$5,460,000
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