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Listed by Tyler J. Sokolich Sokolich Real Estate
$5,600,000
Est. payment /mo
New
55-59 Patterson ST Hillsdale, NJ 07642
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Key Details
Property Type Multi-Family
Sub Type 5+Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26026367
Style 5+Family
Property Sub-Type 5+Family
Property Description
The Deauville presents a rare opportunity to acquire a newer-construction luxury multifamily asset in the heart of Hillsdale, one of Bergen County's most established and supply-constrained residential communities. Built in 2012, this 16-unit, elevator-served mid-rise spans 17,212 rentable square feet and has been professionally maintained to an exceptional standard. The unit mix is anchored by 12 spacious two-bedroom / two-bath residences, complemented by 3 one-bedroom and 1 studio layouts, averaging approximately 1,076 square feet. Each home features high-end finishes, hardwood flooring, in-unit washer/dryer, central air-conditioning and heat, along with one to two dedicated on-site parking spaces. Currently 100% occupied, the property delivers durable in-place income with meaningful embedded upside, as the market-rate units are leased below prevailing market rents and offer natural mark-to-market growth on turnover. With newer luxury product seldom trading in Bergen County, the Deauville offers a stabilized asset with the scarcity value of an irreplaceable location. Ideally situated in an affluent, transit-served commuter community with top-rated schools and convenient access to New York City via the NJ Transit Pascack Valley Line (station less than a quarter-mile away), The Deauville is a premier addition to any multifamily portfolio.
Location
State NJ
County Bergen
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