Hildreth Real Estate Advisors & Cohen Capital JV Acquire Mixed-Use Property In Montclair For $1.3M

A mixed-use property consisting of 5 units, 3 retail spaces, and 2 townhomes, located at 547 Valley Road in Montclair, was recently sold. The property, with a total square footage of 5,380, was part of a closed transaction.

Summary of Transaction Details:

• Property Type: Mixed-use 5 units (3 Retail & 2 Townhomes)
• Transaction Amount: $1,325,000
• Listing Price: $1,560,000
• Market: Montclair
• Buyers: Hildreth Real Estate Advisors & Cohen Capital JV - David Shorenstein, Jason Breitstone, Sahil Gandhi, Max Padway, & JD Cohen
• Seller: Estate of Margaret Testa
• Broker: Julienne Pape

The buyers involved in the transaction were Hildreth Real Estate Advisors and Cohen Capital JV. The team consisted of David Shorenstein, Jason Breitstone, Sahil Gandhi, Max Padway, and JD Cohen. On the seller's side was the Estate of Margaret Testa. The deal was facilitated by broker Julienne Pape.