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1610 Main Avenue, Clifton, ...

Main Foot & Ankle Clinic LLC Acquires Retail Property In Clifton, NJ For $1.6M
SOLDRetail

Main Foot & Ankle Clinic LLC Acquires Retail Property In Clifton, NJ For $1.6M

1610 Main Avenue, Clifton, NJ 07011

$1,600,000

$579/SF

Building Size

2,761 SF

Asset Type

Retail

Closing

Dec 30, 2021

AI

The retail property located at 1610 Main Avenue in Clifton, NJ has been sold. The transaction, which took place on December 30, 2021, involved the property known as Main Foot & Ankle Clinic LLC. The seller, ODARROC INC, parted ways with the property at a sale price of $1,600,000. The asset spans across 2,761 square feet, resulting in a price per square foot of $580. Moe Sankar, representing The Sankar Group at Keller Williams Realty, acted as the broker in this deal.

Summary of Transaction Details

  • Property Type: Retail
  • Transaction Amount: $1,600,000
  • Address: 1610 Main Avenue, Clifton, NJ
  • Market: Clifton, NJ
  • Square Footage: 2,761
  • Buyer: Main Foot & Ankle Clinic LLC
  • Seller: ODARROC INC
  • Broker: Moe Sankar - The Sankar Group - Keller Williams Realty

Moe Sankar, a Broker Associate at Keller Williams Realty, facilitated this transaction. They can be reached at [email protected] or through their direct line at (973) 261-3995. For any inquiries or assistance in real estate matters, Moe Sankar is available at Keller Williams Realty's office located at 301 Rt 17 N Suite 204, Rutherford, NJ 07070.

Players

Moe Sankar

Keller Williams Realty

Broker

$4.7M

vol

4 deals

Broker

Clifton Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93