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164 Atlantic St 12 Unit Apartment Building $5,438,121 CAD ($453,177 CAD/Unit) 7.54% Cap Rate Paterson, NJ 07503
Executive Summary
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!
Property Facts
| Price | $5,438,121 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $453,177 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 7.54% | Building Size | 9,000 SF |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | ||
| Zoning | R-3 - Medium-Density Residential | ||
| Price | $5,438,121 CAD |
| Price Per Unit | $453,177 CAD |
| Sale Type | Investment |
| Cap Rate | 7.54% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 9,000 SF |
| No. Stories | 3 |
| Year Built | 2023 |
| Zoning | R-3 - Medium-Density Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Views
- Freezer
Site Amenities
- 24 Hour Access
- Picnic Area
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 08-05402-0000-00010 | Improvements Assessment | $0 CAD |
| Land Assessment | $77,528 CAD | Total Assessment | $77,528 CAD |
Property Taxes
Parcel Number
08-05402-0000-00010
Land Assessment
$77,528 CAD
Improvements Assessment
$0 CAD
Total Assessment
$77,528 CAD
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164 Atlantic St
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