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560 New Jersey Highway 34
SOLD

Centerstone Property Group Acquires Retail Property On RT 34 In Matawan, NJ For $2.6M

560 New Jersey Highway 34

Retail
18,000 SF
clock iconSold 142 days ago
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Summary

Sale
NEW JERSEY
Retail
18,000 sqft

A retail property located on RT 34 in the heart of Matawan, NJ has been sold for $2,625,000. The property spans 18,000 square feet, resulting in a price per square foot of $146. The transaction took place on December 29, 2023.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,625,000
  • Address: 560 New Jersey Highway 34, Matawan, NJ
  • Market: Matawan, NJ
  • Property Size: 18,000 square feet
  • Price per Square Foot: $146

The buyer of the retail property is Russell Nova, Ethan Karavani, and Igor Zakh from Centerstone Property Group. They worked closely with broker Daniel Lanni from Kislak to ensure a seamless process. Centerstone Property Group is an active real estate investment firm focused on purchasing shopping centers in NJ, PA, and NY. The property already has 9,000 square feet of Class A retail space available for leasing, and there are approved plans to build an additional 9,000 square feet of Class A retail.

Cornerstone Capital, represented by Igor Zakh, arranged the financing for the transaction. Centerstone Property Group is actively seeking value-add opportunities and encourages brokers to contact them for a quick response.

Contact information for the principals involved in the transaction:

Players

  • All

    2

  • Agents

    1

  • Agencies

    1

Daniel Lanni's profile picture
Daniel Lanni
Kislak-image
Senior Vice President
$123.4M Sold

Details

Deal Summary
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SOLD
IMAGE: Ethan Karavani, Igor Zakh, Oscar, Russell Nova, Carmella & Daniel Lanni DATE: 12/29/2023 ADDRESS: 560 New Jersey Highway 34 MARKET: Matawan, NJ ASSET TYPE: Retail BUYER: Russell Nova (@RussellNova), Ethan Karavani (@EthanKaravani) & Igor Zakh (@Igor_Zakh) - Centerstone Property Group (@CenterstonePropertyGroup) SELLER: Noah Friedman BROKER: Daniel Lanni (@DLanni_) - Kislak (@KislakCompany) SALE PRICE: $2,625,000 SF: 18,000 ~ PPSF: $146 NOTE FROM BUYER: @CenterstonePropertyGroup purchased this Retail Property located on RT 34 in the heart of Matawan NJ. Russell Nova along with its Team worked hand in hand with Broker to ensure a seamless process. Currently 9K SQFT of Class A Retail is already built to begin Leasing. The Property comes with Approved Plan's to build an Additional 9K Sq Ft of Class A Retail. @CenterstonePropertyGroup is an Active Real Estate Investment Firm geared towards purchasing Shopping Centers across NJ / PA / NY. Financing Arranged by @CornerstoneCapitalofNY - @Igor_Zakh Attn Brokers: If you have any Value-add opportunities, please do not hesitate to contact us for a quick Response BRING YOUR CLIENTS!! - Class A Retail located on RT 34 in Matawan NJ Russell Nova, Principal 917 559 1820 - Cell [email protected] Ethan Karavani, Principal 201 815 3809 - Cell [email protected] Igor Zakh, Principal [email protected] - Cornerstone Capital 917 567 1646 - Cell [email protected]

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Address560 New Jersey Highway 34

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