237 Lorraine Ave, Montclair Twp., NJ 07043

$8,250,000
List Price
$8,250,000
MLS#
3719244
Year Built
2018
Status
ACTIVE
County
Essex
City
Montclair Twp.
Subdivision
Upper Montclair
Acres
0.75

Property Description

6.75% CAP! Constructed in 2018, this remarkable property is an investor's dream and features all of the requirements to make it a true Trophy Asset. Creative design, exceptional finishes & very strong tenancies, which include one of the top real estate brokerages in the state. Both the retail and offices spaces have multiple utility and HVAC zones, making subdivision, in the unlikely event of Tenant downsizing, an easy task. The underground 1200 Amp electric service will allow the property to sustain many different uses if ever needed as well. The property also offers a private lot with 60 parking spaces, as well as, the closest proximity to the train station and bus stops in town. This is a must-see for any investor on a 1031 Exchange! Winner of the 2019 Montclair HPC Bricks and Mortar Preservation Award.

Additional Information

Taxes
$85,833
Cooling
4+ Units, Central Air
Exterior
Brick/Block
Garage Spaces
60
Roof
Flat, Rubberized
Water
Public Water
Basement
Yes
Lot Description
Level Lot

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of C-21 CHRISTEL REALTY.

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