facebook
Traded Co logo
Submit
Daily limit: 0/10

Ridgemont Shopping Center Sells In Park Ridge New Jersey For $17 Million With Marcus & Millichap

Property Image
SOLD
$17,000,000
William (Bill) Farkas
John Moroz
David Cafiero
+ 1

New Jersey

See Similar Deals
Retail143,300 SF
Sold 01/09/2025
the dealplayerscompscontact
Property Image
SOLD

Ridgemont Shopping Center Sells In Park Ridge New Jersey For $17 Million With Marcus & Millichap

169 Kinderkamack Road & 199 Kinderkamack Road

See Similar Deals
Retail143,300 SF
Sold 01/09/2025
William (Bill) Farkas
John Moroz
David Cafiero
+ 1
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$118
Total Square Footage:143,300 SF
Transaction Type:Sale

The Ridgemont Shopping Center, located at 169-199 Kinderkamack Road in Park Ridge, NJ, has been sold for $17,000,000. The property encompasses a total square footage of 71,650, resulting in a price per square foot of $237. This retail asset is fully occupied by 12 national and regional tenants, including Lidl, Staples, Chase Bank, and Starbucks.

Summary of transaction details:

This transaction was facilitated by notable brokers in the market. Alan Cafiero, David Cafiero, and John Moroz represented the seller through Marcus & Millichap, while William Farkas represented the buyer via Jeffery Realty.

Players

Alan Cafiero
Marcus & Millichap
Alan Cafiero
100 deals$763.8M volume(201) 240-7367
BROKER
David Cafiero
Marcus & Millichap
David Cafiero
28 deals$209.6M volume
BROKER
John Moroz
Marcus & Millichap
John Moroz
16 deals$126M volume
BROKER
William (Bill) Farkas
Catalyst Real Estate Partners
William Farkas
8 deals$42.9M volume(973) 223-6600
BROKER

Details

SOLD
IMAGE: Alan Cafiero, David Cafiero, John Moroz & William Farkas DATE: 01/09/2025 ADDRESS: 169-199 Kinderkamack Road MARKET: Park Ridge, NJ ASSET TYPE: Retail BROKERS: Alan Cafiero (@Hoxrule3), David Cafiero & John Moroz - Marcus & Millichap (@MarcusMillichapInc); William Farkas - Jeffery Realty (@JefferyRealty) SALE PRICE: $17,000,000 SF: 71,650 ~ PPSF: $237 NOTE: Ridgemont Shopping Center in Park Ridge, New Jersey, has sold for $17 million, fully occupied by 12 national and regional tenants, including Lidl, Staples, Chase Bank, and Starbucks.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$906,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$60,397.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$80,588.67
Annual Debt Service$967,064.08