116
PATERSON, N.J. — CB Richard Ellis has (CBRE) brokered the sale of a 25,000-square-foot multi-use building, located at 33-43 Park Ave. in Paterson, for $1.75 million. The property is a three-story building that contains seven residential apartments over four retail units, all of which are occupied. Renovations are planned for the façade, the parking lot and the formerly vacant supermarket space. Dean Marchi and Charles Burger of CBRE represented the seller. Stephen D’Amato, also of CBRE, represented the buyer in the leasing component of the transaction. Both parties were undisclosed.