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| PROPERTY
LOCATION |
400 Broadway
400 Broadway
Paterson, New Jersey
07501
map it
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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:
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| PROPERTY
DESCRIPTION |
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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.
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For more information contact
Jacklene Chesler
Colliers International
jacklene.chesler@colliers.com
Tel:
973-299-3021
http://www.colliers.com
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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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