Robert Squires Of Kislak Represents Sale Of Clifton MultiFamily For $3,750,000
46 Burgh Avenue
$3,750,000
$17/SF
Building Size
220,000 SF
Asset Type
MultiFamily
Closing
May 28, 2026
AI
The asset involved in this transaction is a MultiFamily property located at 46 Burgh Avenue in the Clifton market. The property features 22 units, with a price per unit at $170,454. The sale price for this transaction was $3,750,000.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,750,000
- Units: 22
- Price Per Unit: $170,454
- Address: 46 Burgh Avenue
- Market: Clifton
The broker representing the transaction was Robert Squires from Kislak, facilitating the sale of the property. His involvement highlights the professional connection that aided in closing this transaction.
Players
Clifton MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93