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.
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