Joseph & Shlomo Althkefati Acquire Retail Property On 808 Route 1, Edison, NJ For $6.8M

Joseph & Shlomo Althkefati have acquired a retail property located at 808 Route 1, Edison, NJ. The property, occupied by Maserati and Bentley of Edison, sits on 5.5 acres. The transaction took place on 12/15/2021, with the property being sold by 808 US Rt 1 LLC. The sale price for this transaction was $6,800,000, with an asking price of $7,200,000. The property measures approximately 25,000 square feet, resulting in a price per square foot of $272.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $6,800,000
• Address: 808 Route 1, Edison, NJ
• Market: Edison, NJ
• Buyer: Joseph & Shlomo Althkefati
• Seller: 808 US Rt 1 LLC
• Brokers: Josh Augenbaum - Augenbaum Realty Corp.; Brian Walsh - Davis Commercial

If you're interested in other properties for sale or lease, you can contact Josh Augenbaum of Augenbaum Realty Corp. at [email protected].