New Testament Ministries Acquires 23,000 Square Foot Religious Facility In Basking Ridge

The transaction involved a special purpose asset, specifically a religious facility located at 40 Whitenack Road, Basking Ridge. The facility encompasses a total of 23,000 square feet and is situated on 5 acres of land. This property was sold by Somerset Hills Jewish Center, Inc. to New Testament Ministries.

Summary of transaction details:

• Property Type: Special Purpose
• Transaction Amount: Not specified
• Address: 40 Whitenack Road
• Market: Basking Ridge
• Asset Size: 23,000 square feet
• Land Area: 5 acres
• Buyer: New Testament Ministries
• Seller: Somerset Hills Jewish Center, Inc.
• Broker: Mary Swatek & Nancy Stanton-Tuckman - Newmark Associates

The transaction was facilitated by the brokerage company Newmark Associates, with Mary Swatek acting as the representative for New Testament Ministries and Nancy Stanton-Tuckman representing Somerset Hills Jewish Center, Inc. This collaboration ensured the successful transfer of the property between the buyer and the seller.