Fanwood
REAL ESTATE
Scotch Plains Home Sells For $126K Over Asking Price
It's more spacious than it looks!A 2,308-square foot home in Union County sold for $126,000 over asking price and was under contract in less than a week.The split-level home at 1111 Jefferson Ave. in Scotch Plains was listed by Juan Gamarra of Compass New Jersey in the spring, and was under co…
See all homes sold in Linden, June 24 to June 30
The following is a listing of all home transfers in Linden reported from June 24 to June 30. There were 1 transactions posted during this time. During this period, the median sale for the area was a 1,056-square-foot home on West Munsell Avenue in Linden that sold for $520,000. 220...
Houses to be built on Hurricane Sandy-ravaged lots will be affordable for ‘firefighters, EMTs, nurses’
STATEN ISLAND, N.Y. — City officials visited Staten Island Tuesday to discuss a project set to transform lots ravaged by Hurricane Sandy into 23 new housing units. Those units will be spread across Midland Beach and South Beach in seven single-family and eight two-family homes, which will be sold to buyers at 80%-100% of the area median income or those who make about $111,000 to $150,000 annually, Stephen Erdman, the executive director of home ownership and shared equity at the New York City Department of Housing Preservation and Development (HPD).
See homes sold in the New Brunswick area, June 24 to June 30
The following is a listing of all home transfers in the New Brunswick area reported from June 24 to June 30. There were 3 transactions posted during this time. During this period, the median sale for the area was a 1,508-square-foot home on Edpas Road in New Brunswick that sold for $348,000.
Sagard Real Estate Breaks Ground on Staten Island Warehouse
Sagard Real Estate has commenced development on a 332,000-square-foot Class A warehouse in Staten Island’s Richmond Valley neighborhood. Anticipated for completion by late 2025, the facility features 60 dock doors, rooftop solar panels, and sits within a mile of Route 440, offering access to major interstates and New Jersey Turnpike.
What, where, when in Old Kenilworth – Discovering Kenilworth’s “model homes,” Part 4
Discovering Kenilworth’s “model homes,” Part 4. Cranford Knolls was a development of 75 homes built in both Kenilworth and Cranford by H. B. Butts and Sons. H. B. (Harold) was the father. The sons were George and Harold, Jr. Construction began in 1941. Homes marketed at $5,200 to $6,000; some sold for less. The higher priced homes included an attached garage and other amenities. In 2023 one sold for $450,000.
Community Builders hosts launch party with who’s who of Morristown, North Jersey real estate (SLIDESHOW)
Community Builders NJ Inc. on June 13 hosted more than 150 commercial real estate leaders for a company launch party at the Columbus Club in Morristown. — Photos courtesy: Community Builders. Community Builders NJ Inc., a Morristown-based construction and facility management firm, has officially opened its doors with a...
See all homes sold in West Orange, June 24 to June 30
The following is a listing of all home transfers in West Orange reported from June 24 to June 30. There were 30 transactions posted during this time. During this period, the median sale for the area was a 1,170-square-foot home on Amelia Street in West Orange that sold for $618,000.
See homes sold in the Parsippany-Troy Hills area, June 24 to June 30
The following is a listing of all home transfers in the Parsippany-Troy Hills area reported from June 24 to June 30. There were 12 transactions posted during this time. During this period, the median sale for the area was a 1,464-square-foot home on Welsh Place in Morris Plains that sold for $590,000.
Family office looking to sell 121,000 sq. ft. Hudson County industrial portfolio, CBRE says
A family office is seeking a buyer for a series of commercial properties in New Jersey, including two industrial buildings and a vacant lot in Hudson County. According to CBRE, which is marketing the sites, the facilities at 401 Supor Blvd. and 12 Breiderhoft Road in Kearny span a combined 120,836 square feet. They’re part of a listing that also includes a five-acre unencumbered lot at 201 Devon Terrace that the firm says is ready for immediate occupancy, as well as a freestanding, 3,367-square-foot fast-food restaurant and drive-through at 751-757 Harrison Ave. in neighboring Harrison.
See homes sold in the Perth Amboy area, June 24 to June 30
The following is a listing of all home transfers in the Perth Amboy area reported from June 24 to June 30. There were 5 transactions posted during this time. During this period, the median sale for the area was a 1,188-square-foot home on Summit Avenue in Perth Amboy that sold for $490,000.
Spotlight on Hudson Atlantic's Trailblazing Young Professionals
What is your most notable project, deal, or transaction?. My most notable deal closed was a 26-unit, newer construction deal located in Madison, NJ called Tudor House. The deal closed in December of 2022 at an impressive $14.7m, which was a record breaking $565,000/unit. We were able to sign up and close this deal within three months, despite a tough market, and aggressive asking price. The utilization of 1031 money enabled us to exceed expectations on price, and offer tremendous value to our clients on both ends of the deal.
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