David Betesh Of ICON Real Estate Advisors Represents Buyer In $3.1M Mixed-Use Sale In Clifton

A five-parcel mixed-use portfolio located at 604-618 Van Houten Avenue in Clifton, NJ, has been sold for $3,100,000. The asset includes 11 apartments, five fully leased retail spaces, and approximately 30 parking spaces. The competitive sale attracted multiple offers due to the property's fully occupied retail segment and its value-add potential in the residential units, along with its convenient transit-oriented location near the Clifton train station and NJ Transit bus routes.

Summary of transation details:

• Property Type: Mixed-use
• Transaction Amount: $3,100,000
• Seller: Van Houten Investors LLC
• Broker: David Betesh - ICON Real Estate Advisors

David Betesh of ICON Real Estate Advisors represented both the buyer and the seller during this transaction, highlighting his role in facilitating the deal amidst a competitive market environment.