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LNR Partners LLC.  PROPERTIES FOR SALE

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PROPERTY LOCATION
400 Broadway
400 Broadway
Paterson, New Jersey 07501
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PROPERTY SUMMARY
Type: Multifamily
Class: C
Price: Contact Broker   Auction
Measurement/Yardstick: 49 Units
Number of Buildings: 1
Number of Floors: 5
Occupancy: 100%
Year Built: 1983
Year Renovated:
PROPERTY DESCRIPTION
Subject is a 5-story, 49-unit multifamily property located in Paterson, NJ, known as 400 Broadway, a/k/a Rosa Parks Apartments. The improvements are situated on a 24,400 sf parcel of land and were built in 1983. The property is encumbered by a project-based Section 8 Housing Assistance Payments (HAP) that was renewed in September 2014 for an additional 20-yr period. As an income restricted affordable housing facility, a portion of the monthly rents are provided through project-based Section 8 vouchers; tenant rent/gov't subsidies is 22%/78% respectively. In addition, the subject has an age restriction of 62 years or older.
400 Broadway

For more information contact  

Jacklene Chesler
Colliers International
jacklene.chesler@colliers.com
Tel: 973-299-3021
http://www.colliers.com


Any information that may be provided by LNR Partners, LLC. under this “General Property Information” is for informational purposes only and is subject to change at any time without notice at the sole and absolute discretion of LNR Partners, LLC. This is not to be construed as an offer, commitment or promise of any kind by LNR Partners, LLC. Please contact the appropriate individual referred to above for more information on this property. The information provided herein has been obtained from third party sources. While LNR Partners, LLC. has no reason or basis to doubt the accuracy of such information, LNR Partners, LLC. makes no guarantee, covenant, warranty or representation about its accuracy and disclaims any liability with respect thereto. It is your responsibility to confirm that this information is accurate and complete.

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