Updated Oct 28, 2024
Redwood NJ Core Partners LP Acquires Multifamily Property In Clifton For $1.3M
126 Center St, Clifton, NJ, USA
$1,300,000
$183/SF
Building Size
7,096 SF
Asset Type
MultiFamily
Closing
May 3, 2021
About this deal
AI
A multifamily property located at 126 Center St in Clifton has been sold for $1,300,000. The transaction took place on 05/04/2021. The property is owned by Clifton 126 Center LLC and New Vistas Corp, and the buyer is Redwood NJ Core Partners LP.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Address: 126 Center St
- Market: Clifton
Redwood NJ Core Partners LP has acquired the multifamily property located at 126 Center St in Clifton. The property was sold by Clifton 126 Center LLC and New Vistas Corp. This transaction marks an important deal in the Clifton market.
Players
Clifton MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93