16-Unit Apartment Building for Sale in Paterson, NJ Prime Investment Opportunity with Strong Cash Flow Potential Property Highlights Units: 16 well-maintained rental units (mix of 1- and 2-bedroom layouts). Price: Offered at $3.8 mm Avg; 4.2–5.5 million (based on Paterson’s average of ~$263/sq ft and comparable 8–13-unit listings). Size: Approximately 13,000 sq ft (aligned with Paterson’s average multi-family building size of 13,382 sq ft). Cap Rate: Projected 6%, competitive with Paterson’s typical multi-family cap rates of 6.15–15.89% . Location: Desirable neighborhood near transit routes (e.g., Route 19, I-80) and amenities like shopping, parks, and the Great Falls Historic District