4th Annual NJREC

Business News

Sep 28
Kislak Completes $1.05 Million Sale By Betsy Kraat

SOMERVILLE--The Kislak Company, Inc. recently completed the $1,050,000 sale of an approximately 7,000-sf mixed-use property located at 5 -11 West Main Street in Somerville.

Sales associate Jeffrey Squires represented both parties, private investors, in the transaction.

The property, which was completely renovated in 2007, includes two two-story buildings with four retail spaces, two two-bedroom apartments and on-site parking. Tenants are responsible for paying separate utilities. The property is conveniently located in downtown Somerville in between a Dunkin' Donuts and a Wachovia bank branch.

The seller was represented by Michael Mullen, Esq. of Schenck Price Smith & King, LLP of Morristown, New Jersey. The purchaser was represented by Barry Rosenberg, Esq. of Abrams Gran Hendricks Reina & Rosenberg of Bound Brook, New Jersey.

At the time of closing, the property was fully-occupied.

The Kislak Company, Inc.
www.kislakrealty.com

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