CPEX sells 8,000 s/f former N.J. restaurant building for $1.6 million

The N.J. office of CPEX Real Estate has arranged the sale of the former "Mama Mexico" restaurant building located at 464 Sylvan Ave. The property had undergone a $2 million renovation in 2006 and has a plot size of 13,815 s/f, with a two-story and basement building totaling 8,000 s/f. The sales price was $1.6 million. CPEX represented the seller and procured the purchaser as well. "In a tribute to our team effort in marketing this property, the new owner has retained CPEX to lease the property for him," said managing partner Timothy King. For further information, please contact CPEX, [email protected] , or (718) 935-1800. About CPEX: CPEX was founded in September 2008 by Timothy D. King and Brian T. Leary, two prominent leaders in the New York City commercial real estate industry. The principals have provided a broad range of real estate and business services locally, nationally and internationally. CPEX provides a full range of services for both real estate and business owners through our innovative operating platform and entrepreneurial culture. CPEX implements a team-based approach in which each group is focused on a specific business line, product type and definitive specialization in each market we cover. Our services include sales, leasing, acquisitions, and advisory. ###