55 Patterson St - Apartments FOR SALE


Hillsdale, NJ 07642
$5,600,000 USD
201-994-9913
55 Patterson St, Hillsdale, NJ for Sale
$5,600,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

55 Patterson St
Hillsdale, NJ 07642


HIGHLIGHTS

  • Prime location in downtown Hillsdale less than a quarter mile from Hillsdale NJ Transit train station
  • Washer, dryer, hardwood floors, central A/C and heat in every unit
  • Historically a high-occupancy building

OVERVIEW

The unit mix is anchored by 12 spacious two-bedroom / two-bath residences, complemented by 3 one-bedroom and 1 studio layouts, averaging approximately 1,076 square feet. Each home features high-end finishes, hardwood flooring, in-unit washer/dryer, central air-conditioning and heat, along with one to two dedicated on-site parking spaces. Currently 100% occupied, the property delivers durable in-place income with meaningful embedded upside, as the market-rate units are leased below prevailing market rents and offer natural mark-to-market growth on turnover. With newer luxury product seldom trading in Bergen County, the Deauville offers a stabilized asset with the scarcity value of an irreplaceable location. Ideally situated in an affluent, transit-served commuter community with top-rated schools and convenient access to New York City via the NJ Transit Pascack Valley Line (station less than a quarter-mile away), The Deauville is a premier addition to any multifamily portfolio.

FOR SALE DETAILS

PRICE

$5,600,000 USD

PRICE/SF

$182 USD /SF

# OF UNITS

16

PRICE/UNIT

$350,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2010

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,908 SF

ZONING

C

APN/PARCEL ID

27-01101-0000-00006

ASK ABOUT THIS PROPERTY

Tyler SokolichSokolich Real EstateMore Info
201-994-9913

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Tyler SokolichSokolich Real EstateMore Info
201-994-9913

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