Michael Lombardi Of Horvath & Tremblay Brokers $4.36M Sale Of New Jersey Retail Properties

The transaction involved three properties in New Jersey, including 11 Paterson Avenue, 510 Central Avenue & 679 Bloomfield Avenue. The total sale price was $4,355,000, with one of the notable sales being the Brownstone Mill retail center in Midland Park, which was fully leased and sold for $2,830,000. Additionally, a vacant building in Jersey City was sold for $740,000, and a mixed-use property in Verona for $790,000. The properties represent retail and mixed-use categories, reflecting ongoing interest in these asset types in suburban New Jersey.

Summary of transaction details:

• Property Type: Retail & Mixed-use
• Transaction Amount: $4,355,000
• Properties Sold: 11 Paterson Avenue, 510 Central Avenue & 679 Bloomfield Avenue
• Market: Midland Park, Jersey City & Verona
• Broker: Michael Lombardi - Horvath & Tremblay

Michael Lombardi from Horvath & Tremblay was instrumental in brokering the sale, leading to a successful transaction that mirrors the steady demand for small-format retail and mixed-use assets in the area. The firm effectively managed the sale of all three properties, aligning the interests of buyers and sellers across the distinct market segments.