By Joshua Burd
A private investor has purchased nearly 14,000 square feet of retail space in Midland Park for some $2.83 million, in a transaction arranged by Horvath & Tremblay.
The listing team said the property, known as Brownstone Mill, is a four-building complex at 11 Paterson Ave. that’s home to 21 tenants and one vacant unit. That equates to occupancy of more than 97 percent, Horvath & Tremblay said, with a location in the center of Midland Park’s commercial district and adjacent to the busy Goffle Road and Godwin Avenue corridors.
The 13,772-square-foot property, which sits on 7.15 acres, is also just north of a Kings Food Market and Acme Market and minutes form CVS, Petco, Starbucks and several national quick-service restaurants. NJ Transit’s Ridgewood station is roughly 1.5 miles away, while drivers have quick access to routes 208 and 17, Interstate 287.
Horvath & Tremblay’s Michael Lombardi represented the seller and sourced the buyer in the $2.825 million deal.
