Meyer Davidoff Of Invictus Ventures Acquires Commercial Property In Livingston For $7M

The commercial property located at 107 East Mount Pleasant Avenue in Livingston, New Jersey, has been sold for $7,000,000. This asset spans approximately 26,040 square feet, translating to a price per square foot of $268. The property is a mixed-use space, housing a retail location for Invictus Pharmacy as part of its business operations.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $7,000,000
• Buyer: Meyer Davidoff - Invictus Ventures
• Seller: David Shorenstein
• Broker: Alan Cafiero - Marcus & Millichap
• Square Feet: 26,040
• Price Per Square Foot: $268

Meyer Davidoff, representing Invictus Ventures, has completed the acquisition that not only includes the commercial property but also aligns with a strategic investment philosophy. This philosophy focuses on integrating real estate ownership with operating businesses to maximize long-term value growth within a diversified portfolio. The deal highlights a commitment to creating opportunities for income growth alongside maintaining control over essential operational sites.