SOLD
Marcus & Millichap Sells Paterson Multifamily Portfolio For $2.9M
773 East 19th Street & 149 Warren Street
MultiFamily
Sold 286 days ago
Summary
Sale
NEW JERSEY
MultiFamily
A 22-unit apartment portfolio in Paterson has been sold by Marcus & Millichap for $2,902,500. The property is located at 773 East 19th Street and 149 Warren Street. This multifamily asset attracted investors due to its potential for traditional value-add investments, which remain in demand despite the current interest rate environment.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,902,500
- Address: 773 East 19th Street & 149 Warren Street
- Market: Paterson
Michael Kossak, Daniel Aviles, and Jed Matricaria from Marcus & Millichap facilitated the transaction as the brokers for the deal. Their expertise and industry knowledge helped to ensure a smooth sale process for the 22-unit apartment portfolio in Paterson.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Michael Kossak, Daniel Aviles & Jed Matricaria
DATE: 07/25/2023
ADDRESS: 773 East 19th Street & 149 Warren Street
MARKET: Paterson
ASSET TYPE: Multifamily
BROKERS: Michael Kossak (@MikeKossak), Daniel Aviles (@TheDanAviles)& Jed Matricaria (@JedMatricaria) - Marcus & Millichap (@MarcusMillichap_NewJersey)
SALE PRICE: $2,902,500
UNITS: 22 ~ PPU: $131,932
NOTE: Marcus & Millichap sold a 22-unit apartment portfolio in Paterson for $2,902,500. Investors are drawn to markets like Paterson for various investment opportunities, especially traditional value-add investments, which remain in demand despite the interest rate environment.View on map
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Address773 East 19th Street & 149 Warren Street
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