The historic building located at 170 Main Street in Madison has been sold for $1.1 million. The property, spanning 7,900 square feet, was previously used as a Masonic Lodge, and prior to that, as the Presbyterian Church of Chatham Township. The borough of Madison plans to repurpose the building as a senior center, preserving its nearly 200-year-old architecture.

Summary of transaction details

• Property Type: Church
• Transaction Amount: $1,100,000
• Square Footage: 7,900
• Address: 170 Main Street
• Market: Madison

The sale of 170 Main Street was facilitated by Lee & Associates New Jersey. The buyer's representative, Ray Codey, successfully negotiated the deal on behalf of the borough of Madison. Peter Rasmusson and Rick Marchisio, representing Lee & Associates, acted as the sellers' representatives. The transaction marks an important milestone in the preservation and redevelopment of this historic property.