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- LoopNet Team
555 Main St
Paterson, NJ 07503
Bankruptcy Auction/Dev Site (50 Units) · Multifamily Property For Sale
·
50 Units
INVESTMENT HIGHLIGHTS
- Unique Development Opportunity in Paterson
- Bankruptcy Auction
PROPERTY FACTS
| No. Units | 50 | Lot Size | 0.30 AC |
| Property Type | Multifamily | Construction Status | Under Construction |
| Property Subtype | Apartment | Building Size | 74,522 SF |
| Apartment Style | Mid-Rise | No. Stories | 6 |
| Building Class | B | Year Built | 2027 |
| Zoning | I-2 - Industrial | ||
| No. Units | 50 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.30 AC |
| Construction Status | Under Construction |
| Building Size | 74,522 SF |
| No. Stories | 6 |
| Year Built | 2027 |
| Zoning | I-2 - Industrial |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Elevator
- Online Services
- Walk-Up
- Smoke Detector
ABOUT 555 MAIN ST , PATERSON, NJ 07503
Unique opportunity to acquire a building site located in Area 11 of Paterson’s Redevelopment District in the Multi-Family Residential Zone. With a foundation already in place, the 12,500 SF property has been approved for a 6-story, 50 unit apartment building with parking on the ground level for 30 vehicles. There will be 5 onebedroom units and 5 two bedroom units on each floor. A rising population is fueling demand for new housing in Paterson, presenting developers with a prime opportunity for growth. There are several other successful projects that have been built in the area that are similar to the subject property. Additionally, there will be excellent visibility and potential opportunity for signage as a new multi-story building will be seen from Route 80. For more information see: https://auctionadvisors.com/property-details/paterson_devsite_322
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $161,200 | Total Assessment | $161,200 |
PROPERTY TAXES
