SOLDMixed-use
Charles Zanna Acquires Mixed-Use Property In Paterson, NJ For $3.7M
312-318 21st Avenue
$3,700,000
$37/SF
Building Size
100,000 SF
Asset Type
Mixed-use
Closing
Apr 19, 2023
AI
A mixed-use property located at 312-318 21st Avenue in Paterson, NJ has been sold for a total of $3,700,000. The property spans 100,000 square feet, resulting in a price per square foot of $37.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,700,000
- Address: 312-318 21st Avenue, Paterson, NJ
- Market: Paterson, NJ
The buyer of this property is Charles Zanna. Debbie Pomerantz from Gebroe-Hammer Associates represented Charles Zanna in this transaction.
Market Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93