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220 Straight St
Paterson, NJ 07501 Downtown Paterson

Price Upon Request

Apartments For Sale  •  71,990 SF

Property Details

  • Property Type Apartments
  • Total Building Size 71,990 SF
  • Lot Size 0.54 AC
  • Building Class C
  • Year Built 2010
  • Zoning B-3
63 Transit Score
98 Walk Score

Highlights

THE INVESTMENT: 2008 Converted Storage Facility to 76-Apartments Located in Paterson, NJ.
ASSUMABLE DEBT: The Property has Attractive Assumable Debt with a 2.67% Interest Rate Until 2030 with a Principle Balance of $10,666,467 as of January
UNIQUE AMENITIES: Straight Street Apartments Features Loft Style Apartments*, Underground Parking, and On-Site Laundry Facility.
VALUE-ADD OPPORTUNITY: Unique to the Market Apartment Layouts with Current Rents 21.20% Below Market.
UTILITY BREAKDOWN: Tenants are Responsible for their own Separately Metered Electric and Cooking Gas.
ATTRACTIVE UNIT MIX: Unit-Mix Includes 62 One-Bedroom Loft, 9 Two-Bedroom, and 5 Three-Bedroom Apartments.

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Laundry Facilities
  • Microwave
  • Property Manager on Site
  • Security System
  • Grill
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • Granite Countertops
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Tub/Shower
  • Carpet
  • Maintenance on site
  • Intercom
  • Wheelchair Accessible (Rooms)

Public Transportation

Commuter RailDriveWalkDistance
Paterson (Main/Port Jervis Line - NJ Transit Commuter Rail (NJ Transit)) 0 min 3 min 0.2 mi
Hawthorne (Main/Port Jervis Line - NJ Transit Commuter Rail (NJ Transit)) 4 min - 2.4 mi
AirportDriveWalkDistance
Newark Liberty International 26 min - 21.3 mi
LaGuardia 37 min - 24.8 mi
Westchester County 58 min - 40.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes