Description
Unique opportunity to acquire a building site located in Area 11 of Paterson’s Redevelopment District in the Multi-Family Residential Zone. With a foundation already in place, the 12,500 SF property has been approved for a 6-story, 50 unit apartment building with parking on the ground level for 30 vehicles. A rising population is fueling demand for new housing in Paterson, presenting builders with a prime opportunity for growth. With development incentives, such as tax breaks, projects are financially viable, fostering community revitalization and economic development.
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Auction Information
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* Requires confirmation of Online Agreement
Auction Information
Property Information
* Requires confirmation of Online Agreement