Marcus & Millichap Brokers Sell Commercial Property In Clifton For $3.8M
1045 Clifton Avenue, Clifton, New Jersey 07013, United States
$3,838,000
$862/SF
Building Size
4,450 SF
Asset Type
Commercial
Closing
Apr 5, 2022
AI
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.
Players
Clifton Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.13%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93