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962 Main Avenue

Updated Oct 21, 2026

Brandon Mitchell Purchases Multifamily Property From Jonathan Levi In Passaic For $1.41M
SOLDMultiFamily

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:

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

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$1,410,000

$164/SF

MultiFamily

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Players

Bruce Elia

Keller Williams Realty

Broker

$20M

vol

11 deals

Broker
Brandon Mitchell

Brandon Mitchell

Keller Williams Realty

Buyer

$21.8M

vol

4 deals

Buyer

Jonathan Levine

Keller Williams Realty

Seller

$14M

vol

4 deals

Seller

Passaic MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $164 per square foot on a published $1.4M for 8,600 square feet (2026).

Visit Brandon Mitchell to view all their deals.

Browse Passaic multifamily sales on Traded.

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

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