Multifamily Portfolio in Paterson, NJ

The portfolio consists of 85 properties* with 1,500+ units across approximately 500,000 square feet of multifamily and mixed-use space, with strong in-place occupancy and institutional-scale operations.

*1,500+ units in 85 buildings. The portfolio contains new construction, renovated and pre-war buildings with sizes ranging from 6 to 80 units. The buildings may be sold individually or in subgroups. Assumable financing available.

• Rare opportunity to acquire a large-scale, institutionally operated multifamily portfolio comprised of 1,500+ units in 85 buildings throughout Paterson, New Jersey (Properties may be purchased together or individually, subject to assumable individual or cross collateralized financing.)

• Portfolio consists of newly constructed and substantially renovated multifamily assets completed between 2018 and 2025

• Select newly constructed assets benefit from long-term tax abatements, including 30-year abatements commencing in 2019 and beyond, significantly enhancing long-term cash flow and investment stability.

• The portfolio features attractive assumable financing across all properties with a combination of long-term fixed-rate debt structures

• Strong in-place operations with approximately 95.3% occupancy and an average monthly rent exceeding $2,100.

• Significant long-term rent growth potential supported by Paterson’s affordability advantage relative to nearby Hudson, Bergen, and Essex County markets, while maintaining convenient access to Manhattan employment centers.