Kyle Golden Of Century 21 Represents Buyer In $5 Million Package Deal In Red Bank
11-17 Mechanic Street
$5,000,000
$294/SF
Building Size
17,000 SF
Asset Type
Package Deal
Closing
Jun 16, 2026
AI
A package deal consisting of five parcels located at 11-17 Mechanic Street, 70 Linden Place, 82 Linden Place, 151 Bridge Street, and 26 Worthley Street in the Red Bank market has been sold for $5,000,000. The total square footage of the properties is approximately 17,000, resulting in a price per square foot of $294.
Summary of transaction details:
- Property Type: Package Deal
- Transaction Amount: $5,000,000
- Square Footage: 17,000
- Price per Square Foot: $294
- Address: 11-17 Mechanic Street, 70 Linden Place, 82 Linden Place, 151 Bridge Street & 26 Worthley Street
- Market: Red Bank
- Buyer's Representative: Kyle Golden - Century 21
Kyle Golden, representing the buyer, noted that the transaction was conducted off-market and highlighted the opportunity for sellers looking to break records or buyers seeking off-market deals. Interested parties can contact him directly at 201-400-5427.
Players
Red Bank Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93