Marcus & Millichap Brokers Sell Commercial Property In Clifton For $3.8M
SOLD
$3,838,000
+ 1
New Jersey
See Similar DealsCommercial4,450 SF
Sold 04/06/2022
SOLD
Marcus & Millichap Brokers Sell Commercial Property In Clifton For $3.8M
1045 Clifton Avenue, Clifton, New Jersey 07013, United States
See Similar DealsCommercial4,450 SF
Sold 04/06/2022
+ 1
Summary
NEW JERSEY
Asset Type:Commercial
Price Per Square Foot:$862
Total Square Footage:4,450 SF
Transaction Type:Sale
The commercial property located at 1045 Clifton Ave in Clifton was recently sold for a price of $3,838,000. Spanning 4,450 square feet, this property was sold at a price per square foot of $862.
Summary of Transaction Details
- Property Type: Commercial
- Transaction Amount: $3,838,000
- Address: 1045 Clifton Ave
- Market: Clifton
- Size: 4,450 square feet
- Price per Square Foot: $862
This transaction was facilitated by the brokers Eric M. Anton, Nelson Lee, Alan Cafiero, David Cafiero, and John Moroz from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$204,693.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,635.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,194.08
Annual Debt Service$218,328.94
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