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
- 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.
Players
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