Updated Oct 28, 2024
JTS Inc Acquires Mixed-Use Property In Cliffside Park, NJ For $6.1M
559 Anderson Avenue, Cliffside Park, NJ, USA
$6,100,000
$348/SF
Building Size
17,498 SF
Asset Type
Mixed-use
Closing
Jun 30, 2021
About this deal
AI
A mixed-use property located at 559 Anderson Avenue in Cliffside Park, NJ has been sold for a total of $6,100,000. The property consists of 27 units, resulting in a price per unit of $225,926. The transaction took place on July 1, 2021.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $6,100,000
- Address: 559 Anderson Avenue, Cliffside Park, NJ
- Market: Cliffside Park, NJ
- Buyer: JTS Inc
- Seller: A&J Inc
- Brokers: Jordan Sobel, Brian Whitmer, Andrew Schwartz, and Andre Balthazard
The deal was facilitated by brokers Jordan Sobel, Brian Whitmer, Andrew Schwartz, and Andre Balthazard. They represented JTS Inc, the buyer, and A&J Inc, the seller, in this transaction.
Players
Cliffside Park 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
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93