455 Summer St Paterson, NJ

TYPE
Syndication
LOCATION
Paterson. NJ

An exclusive mid-construction 24-unit multifamily syndication in Paterson, New Jersey, targeting strong rental income and refinance-driven equity return. Located in a rapidly revitalizing urban market with direct commuter access to NYC, the asset benefits from growing renter demand and affordability-driven migration. With $1.2M equity required, the project is projected to achieve $638K net income and a $11.6M stabilized value at a 5.5% cap rate, generating $8.13M in refinance proceeds and $1.68M projected net cash-out after debt repayment and closing costs.

2023

Construction completed

24

Residential units

32k

Total sq ft

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