Multifamily
Silk City Portfolio
47 12th Ave, Paterson, NJ 07501
Listing Price: Request For Offer
Investment Overview
The Aviles Group at Marcus & Millichap has been exclusively retained to sell the Silk City New Construction Portfolio, a 102-Unit/three-building portfolio located in Paterson, New Jersey (the "Property"). The Silk City New Construction Portfolio represents a unique opportunity to achieve scale in an emerging market with a stable cash flow and favorable assumable debt. The subject properties currently have a 20 Year Tax Abatement and are exempt from rent control for 30 years from issuance of certificates of occupancy.
Investment Highlights
- 20 Year Tax Pilot
- Assumable Agency Financing
- 2019 and 2020 Construction
Exclusively Listed By
Financing By
Listing Price: Request For Offer
Investment Highlights
- 20 Year Tax Pilot
- Assumable Agency Financing
- 2019 and 2020 Construction
Investment Overview
The Aviles Group at Marcus & Millichap has been exclusively retained to sell the Silk City New Construction Portfolio, a 102-Unit/three-building portfolio located in Paterson, New Jersey (the "Property"). The Silk City New Construction Portfolio represents a unique opportunity to achieve scale in an emerging market with a stable cash flow and favorable assumable debt. The subject properties currently have a 20 Year Tax Abatement and are exempt from rent control for 30 years from issuance of certificates of occupancy.
Exclusively Listed By
Financing By

