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21st Avenue

Updated Jan 27, 2025

Charles Zanna Purchases Multifamily Property In Paterson For $1.64M With Broker Frank DeBari
SOLDMultiFamily

Charles Zanna Purchases Multifamily Property In Paterson For $1.64M With Broker Frank DeBari

21st Avenue

$1,640,000

$164/SF

Building Size

10,000 SF

Asset Type

MultiFamily

Closing

Jan 10, 2025

About this deal

AI

The multifamily asset located at 217 21st Avenue in Paterson, Passaic County has been sold for a transaction amount of $1,640,000. The property comprises 10 units with a total square footage of 10,000, resulting in a price per unit of $164,000 and a price per square foot of $164.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,640,000
  • Units: 10
  • Square Footage: 10,000
  • Price Per Unit: $164,000
  • Price Per Square Foot: $164
  • Buyer: Charles Zanna
  • Broker: Francis “Frank” DeBari - Century 21 Preferred Realty

The brokerage involved in this transaction is Century 21 Preferred Realty, represented by Francis “Frank” DeBari. Charles Zanna acted as the buyer in this deal, navigating the multifamily real estate market in Paterson, Passaic County.

Players

Francis “Frank” DeBari

Broker

$2.7M

vol

2 deals

Broker
Century 21
Century 21Brokerage

Paterson MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $164 per square foot on a published $1.6M for 10,000 square feet (2025).

Visit Francis “Frank” DeBari to view all their deals.

Browse Paterson multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.67%

Cash-on-Cash

-2.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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