March 14, 2023 – Michael Agrifolio and Michael Lombardi of Horvath & Tremblay have successfully completed the sale of 382-384 Belleville Avenue in Belleville, New Jersey. Horvath & Tremblay represented the seller to complete the transaction at a sale price of $1,225,000.
382-384 Belleville Avenue in Belleville, New Jersey is comprised of a three-story mixed-use building with commercial space on the first floor and residential units on the second and third floors. The Property is improved by The Chiafullo Group, LLC, a law firm that offers legal services and compliance solutions on the first floor, and four residential units comprised of three (3), 2-Bedroom/1-Bathroom units and one (1) 1-Bedroom/1-Bathroom unit. The building has a total area of 5,439 square feet and is situated on a 0.11-acre corner parcel of land, with parking for three (3) vehicles. The Property is strategically located at the intersection of Belleville Avenue (NJ Route 506) and Garden Avenue in a densely populated residential neighborhood. The Property enjoys close proximity to Washington Avenue and Franklin Avenue, two of the area’s primary commercial corridors. 382-384 Belleville Avenue is 1.4-miles from the Branch Brook Park Newark Light Rail Station and 2.3-miles from the Bloomfield Train Station with direct service to Manhattan’s Penn Station. The Property also offers convenient access to the Garden State Parkway, NJ Route 21, and Interstate 280 as well as area schools, national retailers, and the Clara Maass Medical Center. Belleville is a residential suburb of New York City, located in Essex County. The community is 16-miles west of New York City.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the 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.