368 Totowa Ave - Apartments FOR SALE


Paterson, NJ 07502
$2,800,000 USD
516-551-1307
368 Totowa Ave, Paterson, NJ for Sale
$2,800,000 USD
Apartments - FOR SALE
1/5
null | 12.7% Cap Rate

368 Totowa Ave
Paterson, NJ 07502


HIGHLIGHTS

  • Property is currently under construction and has great potential.

OVERVIEW

Eight family residential with Two retail stores, located at 368-372 Totowa Ave., Patterson, NJ. Lender has foreclosed with clear title. Property is currently under construction and has great potential. Property will sell to best offer. Perfect opportunity for developer/investor to complete with upside potential. 15 year tax abatement available for completed construction.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$112 USD /SF

# OF UNITS

12

PRICE/UNIT

$233,333

CAP RATE

12.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,483 SF

ZONING

B-1

APN/PARCEL ID

08-01404-0000-00004

ASK ABOUT THIS PROPERTY

Jon SmilowitzDouglas EllimanMore Info
516-551-1307

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Jon SmilowitzDouglas EllimanMore Info
516-551-1307

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