Updated Feb 26, 2025
NJ VM Properties Sells Industrial Property At 473 US Route 46 Clifton NJ For $5.3M
473 US Route 46
$5,300,000
$157/SF
Building Size
33,600 SF
Asset Type
Industrial
Closing
Dec 26, 2024
About this deal
AI
The property asset involved in the transaction is located at 473 US Route 46 in Clifton, NJ. This industrial asset encompasses a total area of 33,600 square feet and was sold for $5,300,000, translating to a price per square foot of $157.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,300,000
- Square Footage: 33,600 SF
- Address: 473 US Route 46
- Market: Clifton, NJ
- Seller: NJ VM Properties
- Brokers: Isaac R. Setton, Bunny Escava & Ariel Mamane - KSR
The transaction involved several key individuals representing the brokerage side of the deal. Isaac R. Setton, Bunny Escava, and Ariel Mamane from KSR played significant roles in facilitating this sale on behalf of the seller, NJ VM Properties.
On the Map
$5,300,000
$157/SF
Industrial
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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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93