Multifamily
Warren & 19th Street Apartments
773 E 19th St, Paterson, NJ 07501
Listing Price: $3,200,000
Investment Overview
Fee simple interest in 773 E 19th St, Paterson, NJ (16 units) and 149 Warren St, Paterson, NJ (6 units). This is a value-add opportunity offered at an in-place cap rate of 6.22% with a pro forma cap rate of 8.05%. The assets effective gross income is $365,472. Please reach out to the exclusive listing team for more information, including a current debt quote from MMCC (Marcus & Millichap Capital Corp).
Warren & 19th Street Apartments
Investment Highlights
- Value Add Opportunity - Current rents are 21% below market with the ability to increase them through modest renovations
- Large Units - There are 18 two-bedrooms and 4 three-bedrooms
- Central Location - Easy access to Garden State Parkway, I-95, I-80, Routes 19 and 21, and more
Exclusively Listed By
Listing Price: $3,200,000
Investment Highlights
- Value Add Opportunity - Current rents are 21% below market with the ability to increase them through modest renovations
- Large Units - There are 18 two-bedrooms and 4 three-bedrooms
- Central Location - Easy access to Garden State Parkway, I-95, I-80, Routes 19 and 21, and more
Investment Overview
Fee simple interest in 773 E 19th St, Paterson, NJ (16 units) and 149 Warren St, Paterson, NJ (6 units). This is a value-add opportunity offered at an in-place cap rate of 6.22% with a pro forma cap rate of 8.05%. The assets effective gross income is $365,472. Please reach out to the exclusive listing team for more information, including a current debt quote from MMCC (Marcus & Millichap Capital Corp).
Exclusively Listed By
