Dr. Clifford Sales Acquires Office Building At 1401 Broad Street Clifton For $3.05M
SOLD
$3,050,000
New Jersey
See Similar DealsOffice19,000 SF
Sold 11/13/2025
SOLD
Dr. Clifford Sales Acquires Office Building At 1401 Broad Street Clifton For $3.05M
1401 Broad Street
See Similar DealsOffice19,000 SF
Sold 11/13/2025
Summary
NEW JERSEY
Asset Type:Office
Price Per Square Foot:$160
Total Square Footage:19,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$162,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,836.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,458.56
Annual Debt Service$173,502.67
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