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468 Totowa Ave
Paterson, NJ 07522
Great Falls Lofts · Multifamily Property For Sale
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126 Units
Investment Highlights
- Fully approved for 126 market rate loft-style apartments
- Apartments will feature 14-foot ceilings, expansive window lines, in-unit washer/dryers, state-of-the-art appliance packages and spectacular views
- Very favorable 30-year Garden State Growth Zone PILOT fully negotiated
Property Facts
| No. Units | 126 | Lot Size | 1.92 AC |
| Property Type | Multifamily | Construction Status | Proposed |
| Property Subtype | Apartment | Building Size | 65,000 SF |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | B | Year Built | 2027 |
| Zoning | R9-W - Current Zoning: R9-W; 1st Ward Redevelopment: Adaptive Reuse District | ||
| No. Units | 126 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 1.92 AC |
| Construction Status | Proposed |
| Building Size | 65,000 SF |
| No. Stories | 4 |
| Year Built | 2027 |
| Zoning | R9-W - Current Zoning: R9-W; 1st Ward Redevelopment: Adaptive Reuse District |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- Business Center
- Fitness Center
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | - |
| 1+1 | 102 | - | - |
| 2+1 | 13 | - | - |
Property Taxes
| Parcel Number | 08-00801-0000-00009 | Improvements Assessment | $2,454,000 |
| Land Assessment | $669,100 | Total Assessment | $3,123,100 |
Property Taxes
Parcel Number
08-00801-0000-00009
Land Assessment
$669,100
Improvements Assessment
$2,454,000
Total Assessment
$3,123,100
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