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194 New Jersey Highway 31

Daniel Lanni Of Kislak Represents Sale Of Retail Medical Office In Flemington For $4.825M
SOLDRetail

Daniel Lanni Of Kislak Represents Sale Of Retail Medical Office In Flemington For $4.825M

194 New Jersey Highway 31

$4,825,000

$316/SF

Building Size

15,232 SF

Asset Type

Retail

Closing

Dec 28, 2025

AI

The property asset involved in this transaction is located at 194 New Jersey Highway 31 in Flemington. It is classified as a Retail/Medical Office space, with a total square footage of 15,232. The transaction concluded at a sale price of $4,825,000, resulting in a price per square foot of $316.

Summary of transaction details:

  • Property Type: Retail/Medical Office
  • Transaction Amount: $4,825,000
  • Address: 194 New Jersey Highway 31
  • Market: Flemington
  • Square Footage: 15,232
  • Price per Square Foot: $316
  • Broker: Daniel Lanni - Kislak

Daniel Lanni represented the interests of the parties involved in this transaction, facilitating the sale within the Flemington market for the Retail/Medical Office asset. His role was integral in reaching the final sale agreement.

Players

Daniel Lanni

Kislak

Broker

$182.6M

vol

36 deals

Broker
Kislak
KislakBrokerage

Flemington Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.29%

Cash-on-Cash

-0.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93