Paramount Realty Acquires Retail Redevelopment In Middletown Township For $2 Million From Filomena Sclafani

The property asset involved in the transaction is a retail space intended for redevelopment, located at 663 Route 35 in Middletown Township, NJ. The sale price for the property was $2,000,000, encompassing an area of 6,000 square feet, resulting in a price per square foot of $333.

Summary of transaction details:

• Property Type: Retail w/ Redevelopment
• Transaction Amount: $2,000,000
• Address: 663 Route 35
• Market: Middletown Township, NJ
• Square Footage: 6,000
• Price per Square Foot: $333
• Buyer: Paramount Realty
• Seller: Filomena Sclafani
• Broker: Jack Zalta - KSR

The transaction features key individuals and companies, with Paramount Realty acting as the buyer and Filomena Sclafani serving as the seller. Jack Zalta from KSR represented the broker in this deal, facilitating the transaction between the involved parties.