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368 Totowa Ave

12 Unit Apartment Building $2,800,000 ($233,333/Unit) 12.70% Cap Rate Paterson, NJ 07502

Apartment Buildings New Jersey Paterson 368 Totowa Ave, Paterson, NJ 07502

Investment Highlights

  • Property is currently under construction and has great potential.

Executive Summary

Nine family residential with Three 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.

Property Facts

Price $2,800,000 Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Price Per Unit $233,333 Apartment Style Low Rise
Sale Type Investment Building Class B
Cap Rate 12.70% Lot Size 0.06 AC
Sale Conditions Distress Sale Building Size 25,000 SF
No. Units 12 No. Stories 4
Property Type Multifamily Year Built 2022
Price $2,800,000
Price Per Unit $233,333
Sale Type Investment
Cap Rate 12.70%
Sale Conditions Distress Sale
No. Units 12
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Low Rise
Building Class B
Lot Size 0.06 AC
Building Size 25,000 SF
No. Stories 4
Year Built 2022
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Walk Score ®
Very Walkable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

zoning

Zoning Code B-1 (Mixed use with multi family and retail.)
B-1 (Mixed use with multi family and retail.)
(212) 362-9600

  • Listing ID: 33786207

  • Date on Market: 11/7/2024

  • Last Updated:

  • Address: 368 Totowa Ave, Paterson, NJ 07502

More public record information on 368 Totowa Ave, Paterson, NJ 07502

The Passaic Urban Region Multifamily Property at 368 Totowa Ave, Paterson, NJ 07502 is currently available. Contact Douglas Elliman for more information.

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368 Totowa Ave
(212) 362-9600 x

368 Totowa Ave

Jon Smilowitz

(212) 362-9600

(212) 362-9600

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