Horvath & Tremblay inks $5.475M in New Jersey sales
- MAREJ
- 3 hours ago
- 3 min read
Fischer Court in Toms River sells for $2.475 million
NEW JERSEY — Michael Lombardi of Horvath & Tremblay has completed the sale of Fischer Court in Toms River. Horvath & Tremblay represented the seller and sourced the buyer to complete the transaction at a sale price of $2.475 million.
Fischer Court is located at 1174–1178 Fischer Blvd. in Toms River, within the town’s Woodville neighborhood. The well-maintained plaza, constructed in 1980, features a 15,080 s/f building on a 1.59-acre parcel. The property is 100% leased to 11 tenants serving the needs of area residents.
Strategically situated along Fischer Blvd., one of the region’s primary commercial and commuter corridors, the plaza offers excellent visibility and frontage. It is seconds from Silver Bay, 1 mile from Hooper Ave., 1.7 miles from Bay Ave., and 3 miles from NJ Rte. 37. The surrounding densely developed residential neighborhoods provide a strong consumer base, while nearby national retailers and restaurants drive additional traffic to the area.
NJ Rte. 37 serves as a key route over Barnegat Bay to the New Jersey Shore, and Fischer Blvd. feeds directly into it just before the Thomas Mathis Bridge. The area’s population more than doubles during the summer months as vacationers from the Mid-Atlantic flock to the Jersey Shore, enhancing the property’s exposure and potential customer base.
Building on Fischer Court’s strong market position, Horvath & Tremblay recently facilitated another notable transaction in the region.
Michael Agrifolio and Michael Lombardi arranged the sale of a ten-unit mixed-use property in Nutley. Horvath & Tremblay represented the seller and sourced the buyer to complete the transaction at a sale price of $2 million.
The mixed-use property is located at 21 Franklin Ave. in Nutley, New Jersey. The property consists of a two-story brick building with 10 units, including eight 1-bedroom/1-bathroom residential units and two retail units, totaling 7,000 s/f of living/rentable area on a 0.23-acre corner parcel. The property also features 11 on-site parking spaces and four garage bays.
21 Franklin Ave. is within three miles of the Silver Lake Light Rail Station and the Bloomfield Train Station, providing direct connections to midtown Manhattan. The property benefits from proximity to major roadways, including the Garden State Pkwy., NJ Rtes. 21 and 3, I-280, and numerous municipal bus lines. It also offers convenient access to the area’s primary commercial and commuter corridors, including Franklin Ave., Centre St., and Washington Ave. The property is close to local and national retailers, restaurants, schools, recreation areas, and is within 2.5 miles of Clara Maass and Mountainside Medical Centers. Nutley is located 15 miles west of NYC.
Continuing its recent activity in the Mid-Atlantic market, Horvath & Tremblay also completed the sale of Village Green Office Center in Andover, New Jersey. Lombardi exclusively represented the seller and successfully sourced the buyer, highlighting the firm’s expertise in marketing well-located, income-producing office properties.
Village Green Office Center is located at 33–39 Kennedy Rd. in Andover. Constructed in 1992 and meticulously maintained, the center contains two buildings totaling 14,400 s/f of gross leasable area on a 3.34-acre parcel. The property features 18 suites, six storage units, and is 84.73% leased to a complementary mix of local tenants serving area residents.
The property offers significant upside through leasing the vacant space. Highly visible, it is strategically located at the intersection of Maple Lane Rd. and Kennedy Rd., with two points of access, and is just 0.3 miles from Kennedy Rd.’s intersection with Decker Pond Rd., the area’s primary commuter corridors.