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
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.
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
5.20%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93