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

Property Image
SOLD
$4,400,000

New Jersey

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MultiFamily17,134 SF
Sold 03/31/2026
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Property Image
SOLD

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

237 Dayton Avenue

See Similar Deals
MultiFamily17,134 SF
Sold 03/31/2026
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Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$256
Total Square Footage:17,134 SF
Transaction Type:Sale

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
24 deals$138M volume(201) 218-9156
BROKER

Details

SOLD
IMAGE: David Ferber DATE: 03/31/2026 ADDRESS: 231-237 Dayton Avenue MARKET: Clifton ASSET TYPE: Multifamily BUYER: Alain Spira BROKER: David Ferber - Matthews (@Matthews_CRE) SALE PRICE: $4,400,000 UNITS: 19 ~ PPU: $231,578 SF: 17,134 ~ PPSF: $256

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,632.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,858.24
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