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85-Building Apartment Portfolio
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141 Governor St, Paterson, NJ 07501

Multifamily and mixed-use properties form a coordinated portfolio with strong in-place occupancy and institutional-scale operations.

Property Size500,000 SF
Days on Market20

Property Features for 141 Governor St

General Information

Standard status Active
Size 500,000 SF
Property subtype Multifamily
Occupancy 95%

Site & Location

Highway Access Yes
Public Transit Yes

Additional Details

Multifamily Units 1,528

Building Details

Buildings 85
Units 1528
Listing Agency: The Kislak Company Inc Woodbridge
Listed By: Jason Pucci · License #2078447
Source: Crexi
Added: Aug 10 Changed: Aug 28 Last Checked: Aug 29 at 6:31AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Kislak Company Inc Woodbridge

Investment Insights

Based on property information with market context.

This multifamily portfolio includes 85 buildings and 1,528 units across approximately 500,000 square feet of apartment and mixed-use space. The assets are managed through institutional-scale operations and maintain strong in-place occupancy. The portfolio’s scale spans a substantial collection of income-producing properties within one market.

The properties are located in Paterson, New Jersey, approximately 20 miles from Midtown Manhattan. Access to the New York City metropolitan area and Northern New Jersey employment centers is supported by NJ Transit rail service, multiple bus routes, and Routes 80, 19, 20, and the Garden State Parkway. The surrounding economy includes healthcare, education, manufacturing, and logistics, with St. Joseph’s University Medical Center among the nearby employers. Center City Mall and Willowbrook Mall provide nearby retail and dining options.

Key Highlights

  • 85 buildings totaling 1,528 units
  • Approximately 500,000 square feet of multifamily and mixed‑use space
  • Strong in‑place occupancy across the portfolio

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Nursing Home Pet Grooming Service (Bike/Boat/Book/etc) Store Restaurant Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1528
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

3,101
Businesses Nearby

Demographics for 07501, NJ

37,918
Population
13,119
Households
2.9
Avg Household Size
33
Median Age
9%
College-Educated
71%
High-School Grad
1.8 sq mi
ZIP Area
21,066
Density / Sq Mi
$40,699
Median Household Income
$32,103
Median Earnings
$1,442
Median Rent
$304,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily and mixed-use properties form a coordinated portfolio with strong in-place occupancy and institutional-scale operations.
Where is this apartment building located?
The property is located at 141 Governor St Paterson, NJ.
What are key features of this property?
This property features: 85 buildings totaling 1,528 units; Approximately 500,000 square feet of multifamily and mixed‑use space; Strong in‑place occupancy across the portfolio
(732) 750-3000 Call to check price and availability
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