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
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