Updated Dec 4, 2024
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
About this deal
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.
The mixed use sale at 312-318 21st Avenue in New Jersey sold for $3.7M in 2023. The building is 100,000 square feet, implying about 37 per square foot on the published price. Debbie Pomerantz, Gebroe-Hammer Associates appear on the sale alongside Gebroe-Hammer Associates. This page is the New Jersey file for the 312-318 21st Avenue mixed use sold: pricing, party profiles, and other closed mixed use comps from the same New Jersey sit in the Market section below. Filter that local mixed use set by closing date to see what else sold near 312-318 21st Avenue around 2023. Published consideration for 312-318 21st Avenue is $3.7M, dated 2023. Cite this Charles Zanna Acquires Mixed-Use Property In Paterson, NJ For $3.7M sale when underwriting similar mixed use product around New Jersey.
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