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46 New Jersey Highway 94

Conor Tully Acquires Retail Property In Vernon From Matt Frasco For $1.85M
SOLDRetail

Conor Tully Acquires Retail Property In Vernon From Matt Frasco For $1.85M

46 New Jersey Highway 94

$1,850,000

$131/SF

Building Size

14,080 SF

Asset Type

Retail

Closing

Jan 7, 2026

AI

The property asset involved in the transaction is located at 46 New Jersey Highway 94 in Vernon, and it is classified as a retail asset. The sale price of the property was $1,850,000, covering a total area of 14,080 square feet, which equates to a price per square foot of $131.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,850,000
  • Address: 46 New Jersey Highway 94
  • Market: Vernon
  • Square Footage: 14,080
  • Price per Square Foot: $131
  • Buyer: Conor Tully
  • Seller: Matt Frasco
  • Brokers: CJ Huter, Marc Palestina & Lew Finkelstein - VanRockCRE

The key individuals involved in this transaction include the buyer, Conor Tully, and the seller, Matt Frasco. The brokerage team representing both sides consists of CJ Huter, Marc Palestina, and Lew Finkelstein from VanRockCRE, facilitating the sale and ensuring the transaction was successfully completed.

Players

CJ Huter

VanRockCRE

Broker

$119.7M

vol

25 deals

Broker

Vernon 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

8.57%

Cash-on-Cash

-2.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93