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144 Delawanna Avenue

Chaim Weiss Sells Industrial Asset At 144 Delawanna Avenue In Clifton For $13.72M
SOLDMultiFamily

Chaim Weiss Sells Industrial Asset At 144 Delawanna Avenue In Clifton For $13.72M

144 Delawanna Avenue

$13,719,999

$171/SF

Building Size

80,000 SF

Asset Type

MultiFamily

Closing

Nov 12, 2024

AI

The property asset involved in this transaction is an industrial asset located at 144 Delawanna Avenue in Clifton, NJ. The sale was completed for a price of $13,719,999, covering a total area of 80,000 square feet, resulting in a price per square foot of $171.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $13,719,999
  • Address: 144 Delawanna Avenue
  • Market: Clifton, NJ
  • Square Footage: 80,000
  • Price per Square Foot: $171
  • Seller: Chaim Weiss
  • Broker: Ariel Ben Ezra

The deal was facilitated by broker Ariel Ben Ezra, representing the seller Chaim Weiss in this transaction, ensuring a successful closure of the property deal. The transaction reflects the activity in the industrial market segment, showcasing the engagement of key individuals in the brokerage process.

Players

Ariel Ben Ezra

Wingate Advisors

Broker

$93.6M

vol

8 deals

Broker

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

1.16%

Cash-on-Cash

-0.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93