164 Atlantic St - Apartments FOR SALE


Paterson, NJ 07503- South Paterson
$3,900,000 USD
201-400-5344
164 Atlantic St, Paterson, NJ for Sale
$3,900,000 USD
Apartments - FOR SALE
1/7
null | 7.54% Cap Rate

164 Atlantic St
Paterson, NJ 07503
South Paterson


OVERVIEW

Truly special opportunity to purchase 12 newly constructed units in growing Paterson NJ. Completed in 2023, this attractive offering has been fully occupied since completion and enjoy a 30 year tax abatement. Strong location and super on site. Great opportunity to expand your portfolio or start investing!

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$433 USD /SF

# OF UNITS

12

PRICE/UNIT

$325,000

CAP RATE

7.54%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R-3

APN/PARCEL ID

08-05402-0000-00010

ASK ABOUT THIS PROPERTY

Patrick VarelasRE/MAX SELECTMore Info
201-400-5344

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Patrick VarelasRE/MAX SELECTMore Info
201-400-5344

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.