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473 US Route 46

NJ VM Properties Sells Industrial Property At 473 US Route 46 Clifton NJ For $5.3M
SOLDIndustrial

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

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.

Players

Bunny Escava

Kassin Sabbagh Realty

Broker

$1.2B

vol

44 deals

Broker

Clifton Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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