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237 Dayton Avenue

Alain Spira Acquires Multifamily Asset At 231-237 Dayton Avenue Clifton For $4.4M
SOLDMultiFamily

Alain Spira Acquires Multifamily Asset At 231-237 Dayton Avenue Clifton For $4.4M

237 Dayton Avenue

$4,400,000

$256/SF

Building Size

17,134 SF

Asset Type

MultiFamily

Closing

Mar 31, 2026

AI

The multifamily property located at 231-237 Dayton Avenue in Clifton comprises 19 units, spanning a total area of 17,134 square feet. The sale price for this asset was $4,400,000, resulting in a price per unit of $231,578 and a price per square foot of $256.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,400,000
  • Units: 19
  • Square Footage: 17,134 SF
  • Price per Unit: $231,578
  • Price per Square Foot: $256
  • Buyer: Alain Spira
  • Broker: David Ferber - Matthews
  • Date of Transaction: 03/31/2026
  • Address: 231-237 Dayton Avenue
  • Market: Clifton

Alain Spira acted as the buyer in this transaction, while David Ferber from Matthews represented him in the deal. The transaction was completed on March 31, 2026, in the Clifton market area.

Players

David Ferber

Matthews

Broker

$149M

vol

28 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

3.61%

Cash-on-Cash

-1.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93