Posted Apr 27, 2015, 12:17 PM
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Greetings from New Jersey
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Join Date: Mar 2009
Location: North Jersey
Posts: 3,278
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Paterson
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Paterson apartment building sold for $8.7 million
January 31, 2015 Last updated: Saturday, January 31, 2015, 1:21 AM
By KATHLEEN LYNN
* Russian investors buy 76-unit apartment complex in Paterson
A 76-unit Paterson apartment building managed by Alma Realty, the developer of Paterson's Center City mall and one of the city's largest developers and property managers, has been sold for $8.7 million.
Straight Street LLC, a partnership managed by Alma Realty, bought the 60,000-square-foot property at 220 Straight St., a former textile mill, in 2009 for $1.8 million, and converted it into apartments.
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http://www.northjersey.com/news/busi...8-7m-1.1262120
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