Alain Spira Acquires Multifamily Asset At 231-237 Dayton Avenue Clifton For $4.4M
SOLD
$4,400,000
New Jersey
See Similar DealsMultiFamily17,134 SF
Sold 03/31/2026
SOLD
Alain Spira Acquires Multifamily Asset At 231-237 Dayton Avenue Clifton For $4.4M
237 Dayton Avenue
See Similar DealsMultiFamily17,134 SF
Sold 03/31/2026
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$234,666.67
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
Annual Debt Service$250,298.94
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