October 31, 2022 – Steven Schiavello and Patrick Gray of Horvath & Tremblay have successfully completed the sale of a vacant professional building in Clifton, New Jersey. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,376,000.
The Property is located at 429 Getty Avenue in Clifton, New Jersey. The Property consists of a vacant 13,200 square foot professional office building on a 0.23-acre corner parcel of land and an adjacent 0.12-acre parking lot that has been paved and striped for 22-spaces. The Property is versatile and can be used as a single tenant facility, or can be converted into a multi-tenant professional/office building. The Property is strategically located at the intersection of Getty Avenue and Chester Street in the north end of Clifton and is one-block from Main Avenue, and ¼-mile from US Highway 46 and the Garden State Parkway. The Property is 1.75-miles from the Clifton Train Station and is 4-miles from Montclair State University (the second largest University in NJ). The Property also benefits from its proximity to numerous interstates and state highways (Interstate 80, NJ Routes 21 and 3). Clifton is a small bedroom suburb of New York City, located in the heart of Passaic County within the New York metropolitan area. The affluent and densely populated area is 10-miles west of New York City.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.