Building Details

Year Built 2023

Listing Agency: RE/MAX SELECT - Oakland

Listed By: Thomas Russo · License #0896342 Show Phone

Source: Tarvinrealtors

Added: Oct 6 Changed: Oct 10 Last Checked: Oct 13 at 1:02AM

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Investment Insights

Based on property information with market context.

The 12-unit apartment property at 164-168 Atlantic Street in Paterson is fully occupied and benefits from a 30-year tax abatement. An on-site superintendent is also in place. St. Joseph Hospital is nearby.

Key Highlights

• 12 residential units
• Fully occupied
• 30‑year tax abatement

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic Accounting Firm (Bike/Boat/Book/etc) Store Florist Parking Lot & Garage

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

12

Residential units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

2,034

Businesses Nearby

Explore this area Business Placement

Demographics for 07503, NJ

19,893

Population

6,560

Households

3

Avg Household Size

35

Median Age

15%

College-Educated

78%

High-School Grad

1.5 sq mi

ZIP Area

13,262

Density / Sq Mi

$60,295

Median Household Income

$35,611

Median Earnings

$1,605

Median Rent

$314,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - All residences are occupied, and the property has a 30-year tax abatement.

Where is this apartment building located?

The property is located at 164-168 Atlantic Street Paterson, NJ.

What is the asking price?

The asking price for this property is $3,500,000.

What are key features of this property?

This property features: 12 residential units; Fully occupied; 30‑year tax abatement