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429 Getty Avenue, Clifton, ...

Horvath & Tremblay Brokers Steven Schiavello & Patrick Gray Close $1.376M Office Sale In Clifton, NJ
SOLDOffice

Horvath & Tremblay Brokers Steven Schiavello & Patrick Gray Close $1.376M Office Sale In Clifton, NJ

429 Getty Avenue, Clifton, New Jersey 07011, United States

$1,376,000

$105,846/SF

Building Size

13 SF

Asset Type

Office

Closing

Apr 17, 2023

AI

An office property located at 429 Getty Ave in Clifton, NJ has been sold for a price of $1,376,000. The property spans 13,200 square feet and was sold at a price per square foot of $104. The transaction took place on October 31, 2022.

Summary of transaction details

The deal was facilitated by brokers Steven Schiavello and Patrick Gray, representing Horvath & Tremblay. They played a crucial role in the successful transaction of the office property at 429 Getty Ave in Clifton, NJ.

Players

Steven Schiavello

Marcus & Millichap

Broker

$21.9M

vol

5 deals

Broker

Clifton 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

11.53%

Cash-on-Cash

-3.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93