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
Flemington Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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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