Horvath & Tremblay Brokers Steven Schiavello & Patrick Gray Close $1.376M Office Sale In Clifton, NJ
SOLD
$1,376,000
New Jersey
See Similar DealsOffice13 SF
SOLD
Horvath & Tremblay Brokers Steven Schiavello & Patrick Gray Close $1.376M Office Sale In Clifton, NJ
429 Getty Avenue, Clifton, New Jersey 07011, United States
See Similar DealsOffice13 SF
Summary
NEW JERSEY
Asset Type:Office
Price Per Square Foot:$105,846
Total Square Footage:13 SF
Transaction Type:Sale
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
- Property Type: Office
- Transaction Amount: $1,376,000
- Address: 429 Getty Ave, Clifton, NJ
- Market: Clifton, NJ
- Brokers: Steven Schiavello & Patrick Gray - Horvath & Tremblay
- SF: 13,200
- PPSF: $104
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$73,386.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,888.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,522.94
Annual Debt Service$78,275.30
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