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Multifamily

181 Graham Avenue

181 Graham Avenue, Paterson, NJ 07501

Listing Price: $750,000

Cap Rate
7.40%
Number of Units
5
Price/Unit
$150,000

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the 187 Rosa Parks Boulevard, in Paterson, New Jersey. The investment is 100% occupied. The building has received recent renovations including unit upgrades with granite and stainless steel. The deal represents a unique opportunity to acquire a multifamily asset with a stable cash flow. Paterson has excellent accessible public transportation. Building is highly walkable to nearby public transportation with a 30 minute ride or less to Penn Station Manhattan and located under 10 miles to Newark International Airport. The successful public transportation system has sparked new development opportunities in the city as several nearby apartment complexes are under construction. The new supply speaks to the value of the location and should continue to push rents. Additionally, the property is in the Garden State Parkway, Interstate 78, Routes 1 and 9, Newark International Airport and more. The sites are situated in a strong five mile demographic.

Investment Highlights

  • Updated Five Unit Property
  • Five Minute Walk Away from NJ Transit
  • Wrigley Section of Paterson
  • Close Proximity to Retail and Restaurants

Exclusively Listed By

Listing Price: $750,000

Cap Rate
7.40%
Number of Units
5
Price/Unit
$150,000

Investment Highlights

  • Updated Five Unit Property
  • Five Minute Walk Away from NJ Transit
  • Wrigley Section of Paterson
  • Close Proximity to Retail and Restaurants

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the 187 Rosa Parks Boulevard, in Paterson, New Jersey. The investment is 100% occupied. The building has received recent renovations including unit upgrades with granite and stainless steel. The deal represents a unique opportunity to acquire a multifamily asset with a stable cash flow. Paterson has excellent accessible public transportation. Building is highly walkable to nearby public transportation with a 30 minute ride or less to Penn Station Manhattan and located under 10 miles to Newark International Airport. The successful public transportation system has sparked new development opportunities in the city as several nearby apartment complexes are under construction. The new supply speaks to the value of the location and should continue to push rents. Additionally, the property is in the Garden State Parkway, Interstate 78, Routes 1 and 9, Newark International Airport and more. The sites are situated in a strong five mile demographic.

Exclusively Listed By

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