19 South St. in Manville — Courtesy: Deluccia Commercial Group
By Joshua Burd
A private investor has acquired an eight-unit apartment building in Manville for $1.3 million, according to a brokerage team with Deluccia Commercial Group.
The property, located 19 South St., is fully leased and provides what the real estate firm described as a stabilized investment opportunity in tightly held Somerset County. It’s also the latest deal in a borough that continues to attract investor interest due to its relative affordability, along with steady rental demand driven by its commuter-friendly location.
Sitting in the heart of Manville, the building is less than a mile from Main Street’s retail and dining corridor and provides convenient access to major roadways including Route 206 and Interstate 287.
Bill Gazi of Deluccia Commercial Group represented the buyer, while Jonathan Kessler of Kuker & Kessler Real Estate represented the seller.
