Updated Dec 21, 2023
The Premium Properties Group LLC Sells Mixed-Use Property In Clifton For $1.4M
1109 Main Avenue, Clifton, New Jersey 07011, United States
$1,400,000
$77/SF
Building Size
18,000 SF
Asset Type
Mixed-use
Closing
Mar 29, 2022
About this deal
AI
The mixed-use property located at 1109 Main Ave in Clifton has been sold in a recent transaction. The property spans a total of 18,000 square feet and was listed on the market with an asking price of $1,500,000. The sale was finalized at a price of $1,400,000, indicating a successful negotiation between the parties involved.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,400,000
- Address: 1109 Main Ave, Clifton
- Market: Clifton
- SF: 18,000
- Seller's Representative: Vaughn Smith - The Premium Properties Group LLC
Vaughn Smith from The Premium Properties Group LLC represented the seller in this transaction. Their expertise and negotiation skills likely played a significant role in securing a successful deal for the mixed-use property.
Players
Clifton Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93