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62 Broadway

Michael Todaro Of Serhant Represents Buyer In Woodcliff Lake Mixed-Use Sale For $8.765M
SOLDMixed-use

Michael Todaro Of Serhant Represents Buyer In Woodcliff Lake Mixed-Use Sale For $8.765M

62 Broadway

$8,765,000

$368/SF

Building Size

23,759 SF

Asset Type

Mixed-use

Closing

Jan 28, 2026

AI

The property involved in this transaction is a mixed-use asset located at 62 Broadway in Woodcliff Lake. The sale price was recorded at $8,765,000, with a total of 19 units comprising 14 residential and 5 commercial retail spaces. The structure encompasses a total square footage of 23,759, resulting in a price per unit of $461,316 and a price per square foot of $368.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $8,765,000
  • Units: 19 (14 Residential And 5 Commercial Retail)
  • Square Footage: 23,759
  • Price Per Unit: $461,316
  • Price Per Square Foot: $368

The buyer's representative for this transaction was Michael Todaro from Serhant, responsible for facilitating the deal. This transaction reflects the notable collaboration between the buyer's representation and the real estate market in Woodcliff Lake.

Players

Michael Todaro

Serhant

Broker

$26.3M

vol

13 deals

Broker
Serhant
SerhantBrokerage

Woodcliff Lake 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

1.81%

Cash-on-Cash

-0.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93