Longpoint Realty Partners Acquires Industrial Property In Clifton For $18.5M
31 Styertown Road, Clifton, New Jersey 07012, United States
$18,500,000
$185/SF
Building Size
100,000 SF
Asset Type
Industrial
Closing
Sep 14, 2022
AI
An industrial property located at 31 & 35 Styertowne Road in Clifton has recently been sold for a price of $18,500,000. The property spans an area of 3 acres and has a total square footage of 100,000. This sale transaction was completed on September 15, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $18,500,000
- Address: 31 & 35 Styertowne Road, Clifton
- Market: Clifton
- ACRES: 3
The buyer in this transaction is Longpoint Realty Partners represented by Dwight Angelini. The seller of the property is Kessler-Schwartz Associates. The deal was facilitated by Josh Krantz from Lee & Associates.
Players
Clifton Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93