East Hanover
REAL ESTATE
Surprises Inside – Take a Tour of New Jersey’s Strangest House
At first glance, this home looks straight out of a sci-fi movie, but it's not. If the outside is this intriguing, imagine what the inside looks like. This unusual house is in Harding Township (Morristown) in Morris County. 75 Sand Spring Rd. is the location of this 14,000-square-foot home sitting...
Millburn Township Attorney Shares Affordable Housing Update & Residents Weigh In
MILLBURN, NJ – Millburn Township Attorney Jarrid Kantor provided an update on the affordable housing situation. “As everybody knows, this governing body is committed to its affordable housing obligations. It is committed to doing it the right way for the residents, and not only the residents of the township, but also low and moderate income individuals who would be moving into this community.” Kantor spoke about the township being given the opportunity to find alternate sites. He reported that after spending a great deal of time researching, the administration identified two locations. Kantor also reminded attendees about...
SAGE: Investor buys 31-unit Elizabeth apartment building for $4.2 million
105 Grove St. in Elizabeth — Courtesy: SAGE Investment Real Estate Advisors. A private investor has acquired a 31-unit apartment building in Elizabeth for $4.2 million, in a newly announced deal by SAGE Investment Real Estate Advisors. Located in the city’s Elmora section, the property at 105 Grove St....
Housing Lottery Launches for Harborview Senior Apartments at 80 Scarboro Avenue in Shore Acres, Staten Island
The affordable housing lottery has launched for Harborview Senior Apartments, a three-story residential building at 80 Scarboro Avenue in Shore Acres, Staten Island. Designed by Stanley M. Krebushevski, the structure yields 72 residences. Available on NYC Housing Connect are 31 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $56,538 to $218,010.
Urban Square Obtains Construction Debt for Jersey City Multifamily
JLL Capital Markets secured $13.1 million in construction financing for the development of Vroom Street Apartments, a 42-unit mid-rise luxury apartment building to be located at 72-76 Vroom St. in the Journal Square submarket of Jersey City. A JLL team led by director Max Custer and associate Salvatore Buzzerio represented the borrower, Urban Square Properties, to secure the two-year loan through First Bank.
$221.5M Jersey City Apartment Building Sale Marks Largest Multifamily Transaction in NJ in Nearly Five Years
Two of the taller buildings that have popped up in Jersey City’s Paulus Hook neighborhood over the last decade have officially changed hands and fetched a price that makes the deal the largest multifamily transaction in New Jersey in nearly five years. Representatives of CBRE recently announced the sale...
See all homes sold in Teaneck, July 8 to July 14
The following is a listing of all home transfers in Teaneck reported from July 8 to July 14. There were 13 transactions posted during this time. During this period, the median sale for the area was a 1,555-square-foot home on Howard Street in Teaneck that sold for $715,000. 248 Edgemont...
2 buildings on St. George Avenue in Roselle sell for $1.2M
Zimmel Associates has successfully negotiated the sale of two prominent buildings located at 223-235 St. George Ave. in Roselle for $1.2 million. The name of the buyer was not disclosed. One property, which spans 0.74 acres, includes a 2,600-square-foot Jiffy Lube, a tenant since the late ’80s. The adjacent mixed-use...
Marcus: Eight-unit apartment building in West New York trades for $2.2 million
6111 Park Ave. in West New York — Courtesy: Marcus & Millichap. A private investor has sold an eight-unit apartment building in West New York for nearly $2.2 million, in a newly announced deal by Marcus & Millichap. In a news release, the brokerage team said it represented the...
Industrial user takes 21,000 sq. ft. near Port Newark, in deal arranged by Blau & Berg
475 Division St. in Elizabeth — Courtesy: The Blau & Berg Co. The owner of a 175,000-square-foot industrial complex in Elizabeth has secured a new tenant with a recently completed, 21,000-square-foot lease at the property. According to The Blau & Berg Co., which brokered the transaction, the space at...
Kislak's S.V.P. Janet Bortz & E.V.P. Joni Sweetwood arrange exclusive bulk sale of 46 Units in Union County, New Jersey
Woodbridge, NJ — The Kislak Company, Inc. announced the recent bulk sale of 46 units at Tudor Court, a cooperative with a total of 85 units, at 800-822 North Broad Street in Elizabeth, Union County, for $5.2 million. Kislak marketed the units, which represent a majority of the cooperative,...
BIRCH HOUSE’S GREEN-CENTRIC LIFESTYLE ATTRACTS YOUNG PROFESSSIONAL RELOCATING TO JERSEY CITY FOR VIBRANCY, OPPORTUNITY
JERSEY CITY, NJ, July 2024 – Consistently lauded by national press as one of the country’s best places to live, Jersey City, NJ has become a haven for young professionals seeking a dynamic lifestyle just across the Hudson River from New York City. Its trendy shops and boutiques, acclaimed dining, cultural vibrancy and exciting nightlife have made this Hudson County city a national residential hotspot.
Lightstone Provides Bridge Loan for Jersey City Residential
Lightstone Capital, Lightstone’s real estate debt platform, has provided a $34-million bridge loan to a Manhattan Building Company (MBC) affiliate. The loan will be used to complete construction of a 150,000-square-foot residential development located at 40 Center St. in Jersey City. Greystone’s Drew Fletcher, Ryan Cohen and Bryan Grover...
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