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Multifamily

Silk City Portfolio

47 12th Ave, Paterson, NJ 07501

Listing Price: Request For Offer

Number of Units
102
Occupancy
96.0%
Gross SF
34,000

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

Multifamily

Silk City Portfolio

Listing Price: Request For Offer

Number of Units
102
Occupancy
96.0%
Gross SF
34,000

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

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