474 10Th Ave Paterson, NJ 07514

Building Details

Year Built

2022

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Listed by Nicholas Real Estate Show Phone

Source Nicholasrealestate.idxbroker

Added: Jul 4 Updated: Jul 22 at 6:50AM Checked: Jul 22 at 6:50AM

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Investment Insights

Based on property information with market context.

This newer 7-unit apartment building was constructed in 2022 and is fully occupied. The unit mix consists of five 2-bedroom apartments and two 1-bedroom apartments, each with modern layouts. All units include in-unit laundry, and tenants have access to gated on-site parking.

The property is positioned with easy access to Route 20, Route 4, and Route 208, supporting convenient commuter connectivity and proximity to everyday shopping and dining.

Additional terms noted in the public remarks include a 30-year tax abatement with 26 years remaining, which may contribute to lower taxes while supporting cash flow.

Key Highlights

• 7‑unit apartment building constructed in 2022 and fully occupied
• Unit mix includes five 2‑bedroom units and two 1‑bedroom units
• In‑unit laundry in every unit

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FAQs

What type of property is this?

Apartment building - Constructed in 2022, this fully occupied seven-unit building offers in-unit laundry and gated on-site parking.

Where is this apartment building located?

The property is located at 474 10Th Ave Paterson, NJ.

What is the asking price?

The asking price for this property is $2,000,000.

What are key features of this property?

This property features: 7‑unit apartment building constructed in 2022 and fully occupied; Unit mix includes five 2‑bedroom units and two 1‑bedroom units; In‑unit laundry in every unit