Updated Oct 21, 2026
Brandon Mitchell Purchases Multifamily Property From Jonathan Levi In Passaic For $1.41M
962 Main Avenue
$1,410,000
$164/SF
Building Size
8,600 SF
Asset Type
MultiFamily
Closing
Oct 14, 2026
About this deal
AI
The property asset involved in this transaction is a multifamily building located at 962 Main Avenue in Passaic. The sale price is $1,410,000, with a total of 6 units. The property encompasses a square footage of 8,600, resulting in a price per unit of $235,000 and a price per square foot of $163.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,410,000
- Units: 6
- Square Footage: 8,600
- Price Per Unit: $235,000
- Price Per Square Foot: $163
- Buyer: Brandon Mitchell
- Seller: Jonathan Levi
- Brokers: Bruce Elia & Yavuz Bayram - Keller Williams Realty
Key individuals involved in the deal include the buyer, Brandon Mitchell, and the seller, Jonathan Levi, who facilitated the transaction through their respective agents, Bruce Elia and Yavuz Bayram from Keller Williams Realty, representing both parties in this multifamily sale.
On the Map
$1,410,000
$164/SF
MultiFamily
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Players
Passaic MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.25%
Cash-on-Cash
-3.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93