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18 Unit Multifamily Portfolio 2 Multifamily Properties Offered at $7,000,000 in Paterson, NJ
INVESTMENT HIGHLIGHTS
- Fully Occupied
- Strong location and new buildings completed in 2022
- 30 Year Tax Abatement
EXECUTIVE SUMMARY
Truly special opportunity to purchase 18 newly constructed units in growing Paterson NJ. Completed in 2022, this attractive offering has been fully occupied since completion and enjoy a 30 year tax abatement. Two buildings total, one 6 unit, one 12 unit. Strong location and super on site. Great opportunity to expand your portfolio or start investing!
PROPERTY FACTS
| Price | $7,000,000 | Number of Properties | 2 |
| Price / SF | $432.10 / SF | Individually For Sale | 0 |
| Cap Rate | 6.52% | Total Building Size | 16,200 SF |
| Sale Type | Investment | Total Land Area | 0.28 AC |
| Status | Active |
| Price | $7,000,000 |
| Price / SF | $432.10 / SF |
| Cap Rate | 6.52% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 16,200 SF |
| Total Land Area | 0.28 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 164 Atlantic St, Paterson, NJ 07503 | Multifamily | 9,000 SF | 2022 | - |
| 50 N 4th St, Paterson, NJ 07522 | Multifamily | 7,200 SF | 2022 | - |
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18 Unit Multifamily Portfolio
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