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11-17 Mechanic Street

Kyle Golden Of Century 21 Represents Buyer In $5 Million Package Deal In Red Bank
SOLDPackage Deal

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

Kyle Golden

Century 21

Broker

$16.4M

vol

6 deals

Broker

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