Netcong, N.J. (July 7, 2020) – NAI James E. Hanson announces it has negotiated the sale of a 2,100-square-foot mixed use building located at 36 Main Street in Netcong, N.J. NAI James E. Hanson’s Joe Vindigni represented the landlord, Robert McElroy, in this transaction with the buyer, DN Realty LLC.
36 Main Street is a fully occupied mixed use building that includes two ground-level retail/ office spaces and one apartment on the top floor. The building features 74’ of frontage on Main Street and is within walking distance of the Netcong NJ Transit station. Additionally, the building boasts easy access to Routes 10, 46, 206 and Interstate 80. The building’s full occupancy and excellent accessibility made it an attractive opportunity in the current market. The new owner plans to continue to operate the property as an investment vehicle.
“While the larger institutional investments tend to garner more headlines, these smaller size deals are continuing to help drive our state’s robust real estate market,” said Vindigni. “Through our marketing of this property, we helped our client realize full value for this attractive asset through securing a buyer who was interested in realizing the benefits of real estate ownership.”