Marcus & Millichap Sells Paterson Multifamily Portfolio For $2.9M

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.