Gates Ave JV LLC Acquires Mixed-Use Property In Montclair, NJ For $1.78M

A mixed-use property located at 6-8 Gates Ave in Montclair, NJ has been sold in a recent transaction. The property spans approximately 17,500 square feet and was sold for a price of $1,780,000. The sale price translates to a price per square foot of $102. The property was listed with an asking price of $1,999,999. The transaction took place on December 27, 2021.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $1,780,000
• Address: 6-8 Gates Ave, Montclair, NJ
• Square Footage: 17,500 sq ft
• Asking Price: $1,999,999
• Price per Square Foot: $102
• Buyer: Gates Ave JV LLC
• Seller: Amkel Moving & Storage Inc
• Buyer's Representative: Kristian Cichon - Deugen Realty Group
• Seller's Representative: Marcos Claudius - Keller Williams Commercial

Kristian Cichon from Deugen Realty Group represented the buyer, Gates Ave JV LLC, in the transaction. Marcos Claudius from Keller Williams Commercial represented the seller, Amkel Moving & Storage Inc. This deal highlights the involvement of these key individuals and companies in the sale of the property.