Updated Apr 16, 2026
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
About this deal
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.
On the Map
$4,400,000
$256/SF
MultiFamily
View full map
Players
Clifton MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit David Ferber to view all their deals.
Browse Clifton multifamily sales on Traded.
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