Updated Dec 21, 2023
Tom Moloughney Sells Mixed-Use Asset In Montclair For $7.18M With Brokers Rob DiFranco & Mike Lombardi - Horvath & Tremblay
148 Valley Road, Montclair, New Jersey 07042, United States
$7,180,000
$791/SF
Building Size
9,071 SF
Asset Type
Mixed-use
Closing
Feb 24, 2022
About this deal
AI
A mixed-use property located at 148 Valley Rd in Montclair was recently sold for $7,180,000. The property spans across 9,071 square feet, resulting in a price per square foot of $792. The transaction took place on February 25, 2022. The sale was facilitated by brokers Rob DiFranco and Mike Lombardi from Horvath & Tremblay. The seller of the property was Tom Moloughney.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $7,180,000
- SF: 9,071
- PPSF: $792
- Address: 148 Valley Rd
- Market: Montclair
Rob DiFranco and Mike Lombardi from Horvath & Tremblay played crucial roles in the sale of this mixed-use property in Montclair.
Players
Montclair Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.21%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93