Updated Dec 21, 2023
John Bucci Acquires Office Building In Clifton, NJ From Eric Freeman For $1,750,000
1425 Broad Street, Clifton, New Jersey 07013, United States
$1,750,000
Building Size
—
Asset Type
Office
Closing
Mar 14, 2022
About this deal
AI
Located at 1425 Broad St in Clifton, NJ, an office building was recently sold in a closed transaction. The property, which was purchased on March 15, 2022, was sold for a price of $1,750,000. The asset type is an office building, and it is situated in the Clifton market.
Summary of transaction details:
- Property Type: Office Building
- Transaction Amount: $1,750,000
- Address: 1425 Broad St
- Market: Clifton, NJ
The buyer in this transaction was John Bucci, while the seller was Eric Freeman.
Players
Bloomfield Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93