55-59 Patterson St, Hillsdale, NJ 07642

The Deauville, located at 55-59 Patterson Street in Hillsdale, New Jersey, presents a recently constructed luxury multifamily property. Built in 2012, this 16-unit, elevator-served building encompasses 17,212 rentable square feet. The property has been maintained to a high standard and offers a mix of unit types, including 12 spacious two-bedroom, two-bathroom residences, three one-bedroom units, and one studio layout. The average unit size is approximately 1,076 square feet.

Each residence within The Deauville is appointed with high-end finishes and features hardwood flooring throughout. Residents benefit from the convenience of in-unit washers and dryers, as well as central air-conditioning and heating systems. Parking is provided with one to two dedicated spaces per unit. The building's exterior features include a flat roof, and the property is situated on an 8,908 square foot lot.

This property is currently 100% occupied, providing immediate income. The unit mix is designed for durable in-place income, with market-rate units leased below prevailing market rents, offering potential for growth upon tenant turnover. The Deauville represents a stabilized asset in a location with scarcity value, as newer luxury developments are infrequently traded in Bergen County.

Situated in an affluent and transit-served commuter community, The Deauville is ideally located for access to New York City via the NJ Transit Pascack Valley Line, with a station less than a quarter-mile away. Hillsdale is known for its top-rated schools and established residential character. The property's public facts indicate a total square footage of 30,716, with a style classified as Multi-Family (5+ Unit).