MANVILLE, NJ — CBRE announced the sale of two mixed-use multifamily properties located at 62 South Main St. and 206 South Main St. in Manville. Each building has two commercial units and four residential units, totaling a combined 8,000 s/f. The assets boast prime frontage on Manville’s main retail thoroughfare and are currently 100% occupied. CBRE’s Charles Berger, first vice president; Elli Klapper, first vice president; and Mark Silverman, associate, represented the Estate of Dean Mark Shepard in the $880,000 sale and also procured the buyer.
“The acquisition of these two mixed-use properties presents the new ownership with an excellent opportunity to own high-quality, stabilized assets in the extremely coveted multifamily and medical office sectors,” said Berger. “We have been very active in this market and we were excited to be able to work with the seller and the buyer in arranging a deal that met both their requirements.”