199 W Broadway - Multi-Family FOR SALE


Paterson, NJ 07522
$4,250,000 USD
732-228-8911
199 W Broadway, Paterson, NJ for Sale
$4,250,000 USD
Multi-Family - FOR SALE
1/6
null | 3.22% Cap Rate

199 W Broadway
Paterson, NJ 07522


HIGHLIGHTS

  • Newly Constucted
  • Private parking lot
  • Tax Abatement
  • W/D in each unit

OVERVIEW

Newly constructed, fully rented mixed-use investment opportunity offering immediate cash flow and long-term upside. This modern building features 12 residential units, including 3 one-bedroom/one-bath apartments and 9 two-bedroom/two-bath apartments, plus 1 ground-level retail space, all currently leased. Each residential unit offers separate heating and cooling systems along with in-unit washer/dryers. Private on-site parking adds strong tenant appeal and long-term value. In addition to the immediate cash flow, the property benefits from time remaining on a 30-year tax abatement. A well-maintained, fully stabilized investment property offering immediate income with the benefit of long-term tax advantages.

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$13 USD /SF

# OF UNITS

13

PRICE/UNIT

$326,923

CAP RATE

3.22%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

199-207 W Broadway, Patterson

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

08-00608-0000-00012

ASK ABOUT THIS PROPERTY

Maria BrevigHaven RealtyMore Info
732-228-8911

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Maria BrevigHaven RealtyMore Info
732-228-8911

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