June 27, 2025 – Michael Agrifolio and Michael Lombardi of Horvath & Tremblay have arranged the sale of a ten (10) unit mixed-use property in Nutley, New Jersey. Horvath & Tremblay exclusively represented the seller and sourced the buyer to complete the transaction at a sale price of $2,000,000.
The mixed-use Property is located at 21 Franklin Avenue in Nutley, New Jersey. The Property consists of a two-story brick mixed-use building and contains ten (10) units comprised of eight (8), 1-Bedroom/1-Bathroom units and two (2) retail units with 7,000 square feet of living/rentable area on a 0.23-acre corner parcel of land. The Property also features eleven (11) on-site parking spaces, and four (4) garage bays. 21 Franklin Avenue is within 3-miles of the Silver Lake Light Rail Station and the Bloomfield Train Station connecting the area with midtown Manhattan. The Property also benefits from its proximity to interstates and state highways, The Garden State Parkway, NJ Routes 21 and 3, Interstate 280, and numerous municipal bus lines. The Property also offers convenient access to the area’s primary commercial and commuter corridors including Franklin Avenue, Centre Street, and Washington Avenue. The Property is convenient to local and national retailers and restaurants in the area, as well as numerous schools and recreation areas. Additionally, the Property is within 2.5-miles of the Clara Maass and Mountainside Medical Centers (Hospitals). Nutley is 15-miles west of New York City.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Their advisors specialize in the sale of apartment buildings, mixed-use properties and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.