B6 Real Estate Advisors Facilitates $15.15M Sale Of Development Site In Jersey City

A development site located at 100 Forrest Street in Canal Crossing, Jersey City has been sold for a price of $15,150,000. The site spans a total area of 67,518 square feet, resulting in a price per square foot of $224.

Summary of Transaction Details

• Property Type: Development Site
• Transaction Amount: $15,150,000
• Address: 100 Forrest Street
• Market: Canal Crossing, Jersey City

The seller's representatives in this transaction were Yanni Marmarou, Jack Drillock, and Dre Nestico from B6 Real Estate Advisors. It is worth noting that this is the second sale of a development site in the Canal Crossing market by the Marmarou Team in 2022.

The Marmarou Team has been actively involved in the Jersey City market, with over $55 million in total land sales over the past year. Additionally, they have a 365 unit site in the West Side Market that is scheduled to close before the end of the year.