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1401 Broad Street

Updated Nov 17, 2025

Dr. Clifford Sales Acquires Office Building At 1401 Broad Street Clifton For $3.05M
SOLDOffice

Dr. Clifford Sales Acquires Office Building At 1401 Broad Street Clifton For $3.05M

1401 Broad Street

$3,050,000

$160/SF

Building Size

19,000 SF

Asset Type

Office

Closing

Nov 12, 2025

About this deal

AI

This office property, located at 1401 Broad Street in the Clifton market, was sold for a transaction amount of $3,050,000. The asset encompasses a total area of 19,000 square feet, reflecting a price per square foot of $160.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $3,050,000
  • Address: 1401 Broad Street
  • Market: Clifton
  • Square Footage: 19,000
  • Price per Square Foot: $160
  • Buyer: Dr. Clifford Sales
  • Broker: Michael Taccetta - Newmark Associates

Michael Taccetta of Newmark Associates served as the exclusive representative in this off-market sale, facilitating the transaction and ensuring a successful outcome for both parties involved.

On the Map

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$3,050,000

$160/SF

Office

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Players

Michael Taccetta

Newmark Associates

Broker

$8.3M

vol

3 deals

Broker
Newmark Associates
Newmark AssociatesBrokerage

Clifton Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $160 per square foot on a published $3.1M for 19,000 square feet (2025).

Visit Michael Taccetta to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.20%

Cash-on-Cash

-1.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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