Courtyard At Clifton Acquires Multifamily Property In Clifton, NJ For $13.25M

The multifamily property located at 1 Kowal Street in Clifton, NJ has been successfully sold. The transaction took place on September 30, 2022, and was facilitated by Kevin McCrann of Redwood Realty Advisors. The property was purchased by Courtyard at Clifton from Oak Ridge Realty for a total price of $13,250,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $13,250,000
• Address: 1 Kowal Street, Clifton, NJ
• Market: Clifton, NJ
• Units: 78
• Price per Unit (PPU): $169,872
• Square Footage (SF): 70,000
• Price per Square Foot (PPSF): $189

This successful sale included a multifamily property with 78 units, totaling a square footage of 70,000. The price per unit was calculated to be $169,872, while the price per square foot was $189. The deal was orchestrated by Kevin McCrann from Redwood Realty Advisors, who represented Courtyard at Clifton in the transaction.