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148 Valley Road, Montclair,...

Tom Moloughney Sells Mixed-Use Asset In Montclair For $7.18M With Brokers Rob DiFranco & Mike Lombardi - Horvath & Tremblay
SOLDMixed-use

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

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

Michael Lombardi

Horvath & Tremblay

Broker

$114.8M

vol

29 deals

Broker

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