611 W 112 St Realty Corp Acquires Retail Property In Bergenfield For $5.94M

A retail property located at 52 New Bridge Rd in Bergenfield has been sold for $5,940,000. The property spans a total of 13,692 square feet, resulting in a price per square foot of $434. The transaction took place on July 27, 2022, between the buyer, 611 W 112 St Realty Corp, and the seller, MACS LLC. The sale represents a cap rate of 5%.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $5,940,000
• Address: 52 New Bridge Rd, Bergenfield
• Market: Bergenfield
• Buyer: 611 W 112 St Realty Corp
• Seller: MACS LLC
• Brokers: Rob DiFranco & Mike Lombardi - Horvath & Tremblay
• Square Footage: 13,692
• Price Per Square Foot: $434
• Cap Rate: 5%

The deal was facilitated by Rob DiFranco and Mike Lombardi of Horvath & Tremblay, who represented both the buyer and the seller in the transaction. Their expertise and negotiation skills played a crucial role in successfully closing the sale of this retail property.