352 Hamilton Ave - Apartments FOR SALE


Paterson, NJ 07501
$900,000 USD
973-220-6420
352 Hamilton Ave, Paterson, NJ for Sale
$900,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

352 Hamilton Ave
Paterson, NJ 07501


HIGHLIGHTS

  • 9-unit residential building project

OVERVIEW

This exceptional project presents a unique opportunity to develop a highly sought-after 9-unit residential building in a thriving location. All necessary city approvals are in place, streamlining the development process and minimizing potential delays. Buyer will only have to apply for permits and break ground immediately. The building thoughtfully incorporates a lobby, mail and package area, stairwell, refuse and recycling room, and a studio unit on the ground floor. The 2nd and 3rd floors feature a one 1 bedroom unit and three 2 bedroom units on each floor, catering to a diverse range of potential residents. 6 off-street parking spaces and a bike rack enhance resident convenience and appeal. This property has an area of 5,520 Sq Ft. This project may qualify for 20 or 30 year tax abatement subject to city approvals.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$163 USD /SF

# OF UNITS

9

PRICE/UNIT

$100,000

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

352 Hamilton Avenue

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RA-2

APN/PARCEL ID

08-03509-0000-00019

ASK ABOUT THIS PROPERTY

Alexis GuillianiCentury 21 AG Realty GroupMore Info
973-220-6420

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Alexis GuillianiCentury 21 AG Realty GroupMore Info
973-220-6420

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.