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Silk City Lofts, 175 Broadway, Paterson, NJ Silk City Lofts, 175 Broadway, Paterson, NJ

PATERSON, NJ—Silk City Lofts, a 48-unit condominium and retail building at 175 Broadway, Paterson, NJ, and an adjacent development site approved for 195 rental units at 105 Fair Street, have traded to JCM Investors, a Paterson real estate investment firm, from the properties’ owner, Great Falls Realty. NAI James E. Hanson’s Anthony Cassano represented Great Falls Realty and JCM Investors. The financial terms were not disclosed.

Located in the heart of downtown Paterson, the Silk City Lofts features 48 condominium units ranging in size from 717-square-foot one-bedroom units up to 1,996-square-foot two-bedroom units. Converted from a former silk mill, units at the building boast high-end luxury finishes with granite counter tops, 20-foot ceilings and stainless-steel appliances. Amenities include on-site parking, a private fitness facility, on-site laundry room, state-of-the-art intercom monitoring and private storage rooms. The property also features a 9,500-square-foot ground level commercial condominium that is currently available for lease.

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Steve Lubetkin

Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].

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